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Triplex With On-Site Parking
For Sale
$1,098,000

1616 Pennsylvania Ave, Los Angeles, CA 90033

Multifamily asset includes a garage, storage, and additional surface spaces.

Property Size2,225 SF
Days on Market100

Property Features for 1616 Pennsylvania Ave

General Information

Standard status Active
Size 2,225 SF
Total Parking Spaces 7
Property subtype MULTI_FAMILY

Site & Location

Highway Access Yes
Public Transit Yes

Units

Unit Mix 1 x 3BR/2BA, 2 x 1BR/1BA
Multifamily Units 3

Building Details

Building Size 2,225 SF
Year Built 1900
Listing Agency: Dream Realty & Investments Inc
Listed By: Elijah Shin · License #01358906
Source: Milsteinestates
Added: May 23 Changed: Aug 29 Last Checked: Aug 29 at 3:06PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dream Realty & Investments Inc

Investment Insights

Based on property information with market context.

This triplex contains three residential units within a multifamily property built in 1900. On-site parking includes a 3-car garage with storage and four exterior spaces, providing seven parking spaces in total.

The property is near Adventist Health White Memorial Hospital, Central Korean SDA Church, and Mariachi Plaza Station, with access to the 101 Freeway and Downtown Los Angeles. Its location also places the property near employment centers, transit, dining, and shopping.

Key Highlights

  • Three‑unit multifamily property built in 1900
  • 3‑car garage with storage
  • Four additional exterior parking spaces

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Home Appliance Store Electrical Service Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

3
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

2,134
Businesses Nearby

Demographics for 90033, CA

46,081
Population
13,874
Households
3.3
Avg Household Size
32
Median Age
14%
College-Educated
54%
High-School Grad
3.3 sq mi
ZIP Area
13,964
Density / Sq Mi
$56,001
Median Household Income
$29,600
Median Earnings
$1,391
Median Rent
$669,500
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Multifamily asset includes a garage, storage, and additional surface spaces.
Where is this triplex located?
The property is located at 1616 Pennsylvania Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,098,000.
What are key features of this property?
This property features: Three‑unit multifamily property built in 1900; 3‑car garage with storage; Four additional exterior parking spaces
More about this property
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