$ 1,059,000
-
$1,059,000
Price -
6
Bed -
3
Bath -
2,347
SqFt
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About the Listing 50126 - CV44747
Investor opportunity in prime Mid-City Los Angeles – triplex with value-add potential. Located between Koreatown, Arlington Heights, and Mid-Wilshire, this centrally positioned multifamily income property offers strong rental demand, excellent tenant access to major job centers, and long-term upside in one of Los Angeles’ most desirable rental markets. The property features three units including a 2-bedroom / 1-bath front unit with interior parking, a 1-bedroom / 1-bath middle unit, and a spacious 3-bedroom / 1-bath rear unit, providing a versatile unit mix that attracts a wide range of tenants. The lot also includes approximately six covered carport parking spaces, a highly desirable amenity in dense Los Angeles neighborhoods. Two units are currently generating rental income, while the rear unit presents value-add potential for investors looking to renovate and reposition the property to increase rental income. Front or middle unit potentially may come vacant with the right offer. Back Unit is behind on 4 month payments. This also creates an excellent house-hack opportunity for an owner-occupant looking to live in one unit while offsetting the mortgage with rental income from the other units. Zoned LARD1.5, the property may offer future development potential and additional land value in a high-growth Los Angeles submarket (buyer to verify with city). Conveniently located near Downtown Los Angeles, Koreatown, public transportation, restaurants, shopping, and major employment centers, this property benefits from consistent tenant demand and strong long-term appreciation potential. Whether you're looking for a Los Angeles triplex investment, rental income property, house-hacking opportunity, or ADU development play, this Mid-City multifamily property offers flexibility, income potential, and a prime central location.
Listing Highlights
Status
Active With Contingency
Days on Site
32
Property Type
Multi-Family
MLS ®
CV26045861
Year Built
1903
Total Square Footage
2,347
Lot/Acreage
0.17
County
Los Angeles
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances: Dishwasher, Disposal, Gas Range, Microwave, Refrigerator
- Air Cond: Central Air
- Heating: See Remarks
- Fireplaces: See Remarks
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Open Floorplan
- Water: Public
Exterior Details
- Lot Description: Front Yard,Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 8
- Roof: Shingle
- Others: 2+ Total Units
- Sewer: Public Sewer
- Parking Features: Covered
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5072036008
- Tax Year: N/A
Payment Calculator
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Questions About..
1328 3rd Los Angeles, CA 90019
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