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309 N Avenue 50 Los Angeles, CA $ 1,400,000
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309 N Avenue 50
$ 1,400,000
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309 N Avenue 50

Los Angeles, CA, 90042
$ 1,400,000
Baths1.0 Sq 2,162

Monthly Estimate*

$ 8,620

Listed by ALTC Realty
​
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Studio

Multi-Family Home for sale in Los Angeles, CA

for $1,400,000 with 1 full bath. This 2,162 square foot home was built in 1916 on a lot size of 0.1034.

This renovated triplex is a rare turnkey investment opportunity in the established and desirable rental market of Highland Park. With significant upgrades, including new electrical, AC, cabinetry and all newer tenants, this property is ideal for cash flow on day one. Enjoy market rents without having to deal with relocation or holdover tenants, a rarity for the area. The property also features a great mix of one and two bedroom units, with each unit having access to their own private outdoor courtyard area. Located close by to Figueroa St and the Metro Gold Line, tenants have access to all that Highland Park has to offer with its bustling restaurants, shops, and nightlife. Easy access to Pasadena, Eagle Rock, Echo Park and DTLA is also a key reason rental demand has remained very high. As Highland Park continues to thrive, this property is well positioned to capitalize on the continued development of the overall area. This is truly a special property for investors who are interested in a stable passive income opportunity.

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Multi-Family Active

Price

$ 1,400,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1034

Year Built

1916

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

AR25252719

Days on Market

80
Features
General
Sewer Public Sewer
HOA Fee 0
Garage Spaces 0
Pool Features None
Year Built 1916
Tenant Pays Electricity Gas
Stories Count 1
Levels One
Property Subtype Triplex
Gross Income 89844
Community Features Urban
County Los Angeles
Net Operating Income 71875
Operating Expense 17968
Insurance Expense 2000
New Construction 0
Property Type Residential Income
HOA 0
Garage Y/N 0
Special Listing Conditions Standard
Status Active
Directions Cross St Monte Vista St
City Los Angeles
Entry Location 1
Senior Community Y/N 0
Open Parking Spaces 1
Number Of Units Total 3
MLS Area 632 - Highland Park
Lot Size Units Square Feet
Lot Size Square Feet 4503
Number of Units Leased 3
Listing Terms Cash Cash to New Loan
Property Attached Y/N 1
Land Lease Y/N 0
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 2000
Additional Parcels Y/N 0
Rent Control Y/N 1
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 14
Total Actual Rent 7487
Property Sub Type Additional Triplex
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Interior
Total Stories 1
Common Walls 2+ Common Walls
Laundry Features Washer Hookup Gas Dryer Hookup
Entry Level 1
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Exterior
Parking Features Assigned
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 1
Lot Size Area 4503
Number of Buildings 1
Building Area Total 2162
Lot Size Acres 0.1034
Private Pool 0
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
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* Excluded Features
List By
Altc Realty

Broker

alu@altcrealty.com

Email

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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,400,000 Listed Price

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309 N Avenue 50, Los Angeles, CA, 90042 is a Multi-Family Home for sale at $1,400,000 with 2,162 sqft and a lot size of 0.1034. 309 N Avenue 50 is a studio with 1.0 baths and was built in 1916. The property's zip code is 90042 which is in Los Angeles, CA

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