Turnkey Triplex Income
427 N Avenue 52 Los Angeles, CA 90042
427 N Avenue 52, Los Angeles, CA, 90042
$1,325,000
For Sale
$1,325,000
Updated triplex with a studio, 2 bed/1 bath, and 2 bed/2 bath unit, each with in-unit laundry and mini-splits.
Days on Market34
Property Features for 427 N Avenue 52
General Information
- Standard status
- Active
- Property subtype
- Investment
Building Details
- Year Built
- 1917
Listing agency
(818) 381-6770
Listed by
Ruben Davis
(818) 381-6770
Source
Elliman
Added: Jun 19 Updated: Jul 22 at 4:21AM Checked: Jul 22 at 4:21AM
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 Ruben Davis
Investment Insights
Based on property information with market context.
This turnkey triplex is updated throughout and currently produces $7,585 per month in gross income ($91,020 annually). The property includes a studio unit, a 2-bedroom/1-bath unit, and a 2-bedroom/2-bath unit. All three units have been extensively remodeled with custom-colored cabinetry, quartz countertops, luxury vinyl plank flooring, recessed lighting, stainless steel appliances, and energy-efficient mini-split heating and air conditioning. Each unit also has its own laundry facilities. A former garage has been converted to a carport parking space.
The property is situated on a large lot with favorable zoning (buyer to verify) and potential for future ADU development (buyer to verify). It is positioned near York Boulevard and Figueroa Street, with access to Pasadena, Downtown Los Angeles, Occidental College, and major transportation corridors.
Based on current gross income, the offering reflects an approximate 6.24% current cap rate and 14.56 GRM. Offers are subject to interior inspection, and buyers should independently verify all information, including zoning, development potential, rents, expenses, and square footage.
The property is situated on a large lot with favorable zoning (buyer to verify) and potential for future ADU development (buyer to verify). It is positioned near York Boulevard and Figueroa Street, with access to Pasadena, Downtown Los Angeles, Occidental College, and major transportation corridors.
Based on current gross income, the offering reflects an approximate 6.24% current cap rate and 14.56 GRM. Offers are subject to interior inspection, and buyers should independently verify all information, including zoning, development potential, rents, expenses, and square footage.
Key Highlights
- Updated 3‑unit triplex (built 1917) in Highland Park with a studio, 2 bed/1 bath, and 2 bed/2 bath unit
- Current gross income of $7,585/month ($91,020/year) with potential market rents around $98,400/year
- All three units extensively remodeled with custom cabinetry, quartz countertops, recessed lighting, luxury vinyl plank floors, and stainless steel appliances
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Updated triplex with a studio, 2 bed/1 bath, and 2 bed/2 bath unit, each with in-unit laundry and mini-splits.
Where is this triplex located?
The property is located at 427 N Avenue 52 Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Updated 3‑unit triplex (built 1917) in Highland Park with a studio, 2 bed/1 bath, and 2 bed/2 bath unit; Current gross income of $7,585/month ($91,020/year) with potential market rents around $98,400/year; All three units extensively remodeled with custom cabinetry, quartz countertops, recessed lighting, luxury vinyl plank floors, and stainless steel appliances
