Property listed by Equity Union, Liza Parrilla 818-601-3269
$1,475,000
Prime LAR3-zoned triplex opportunity in the heart of Los Angeles! Situated on an expansive 9,000+ sq ft lot, this versatile income property offers three separate units with strong rental potential and long-term development upside. The front residence (955) is a charming 3-bedroom, 2-bath single-family home featuring classic character and excellent… Read More owner-user appeal. At the rear, a duplex (957 & 959) consists of two 1-bedroom units, each with a loft that may function as a second bedroom or office, enhancing rental flexibility and income potential. Each unit benefits from detached garage space, with additional garage rental income currently in place. The generous LAR3 zoning provides significant redevelopment possibilities for investors seeking to maximize density (buyer to verify with city). Ideal for investors, developers, or owner-occupants looking to live in one unit while generating income from the others. Located in a high-demand rental corridor with convenient access to major transportation routes, employment centers, shopping, and dining. A rare chance to secure a multi-unit property with immediate cash flow and future upside in a rapidly appreciating Los Angeles neighborhood. Read Less
Listing Snapshot
Days Online
25
Last Updated
Property Type
Triplex
Lot Size
0.21 Acres
Year Built
1914
MLS Number
SR26043662
Additional Details
Building
Built in 1914, 2 buildings, 1 storey, Entry level: 1, Entry location: Lower Level
Community
Curbs, StreetLights, Sidewalks
Expenses
Insurance: $6,200, Operating: $6,200
Garage
3 spaces
Income
Gross Income: $56,160, Gross ScheduledIncome: $56,160, Net Operating Income: $49,960
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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