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Listed by Natalie Alchadeff • Equity Union
$1,525,000
Est. payment /mo
3,194 SqFt
UPDATED:
12/20/2024 06:20 AM
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 3,194 sqft
Price per Sqft $477
MLS Listing ID CRSR24222759
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1949
Lot Size 5,738 Sqft
Property Description
Rare opportunity to own a 3-unit property in the desirable Miracle Mile district—perfect for TIC conversion, multi-generational living, owner-occupants, or investors. This property presents significant value-add potential through interior and exterior upgrades or a TIC conversion, with 2 units vacant. The unit mix includes a spacious 3-bedroom, 1.5-bath unit (approx. 1,200 sq ft), an upgraded 2-bedroom, 1-bath unit (approx. 933 sq ft), and a 2-bedroom, 1-bath unit (approx. 1,080 sq ft). Amenities include three one-car garages and a shared laundry room for extra income. The units feature hardwood floors and abundant midcentury charm. Situated in a high-demand rental market popular with young professionals, this triplex is moments away from Museum Row, home to LACMA, The Academy Museum, Petersen Automotive Museum, and La Brea Tar Pits, as well as exceptional shopping, dining, and entertainment with a walk score of 91. It’s close to The Grove, Beverly Center, Cedars-Sinai, and Koreatown, with easy access to UCLA, USC, Downtown LA, and the 10 Freeway. A new Purple Line subway station, set to open in 2025, will connect Downtown to Westwood, enhancing future value. Ideal for investors or owner-occupants seeking a condo or single-family home alternative, this property promises stabl
Location
State CA
County Los Angeles
Interior
Heating Central
Cooling Wall/Window Unit(s)
Flooring Laminate, Wood
Fireplace No
Laundry Common Area, Community Facility
Exterior
View None
Building
Lot Description Other, Back Yard
Water Public
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