$2,149,000
Rare opportunity to own a trophy Mid-Century Modern post-and-beam triplex in the heart of Los Feliz. Ideally situated on a quiet side street, the property offers the perfect balance of accessibility and tranquility just minutes to the 5 Freeway, walking distance to Griffith Park, and close to the shops and restaurants along Los Feliz Village. Each of the three spacious units averages approximately 1,300 square feet and features two bathrooms, original hardwood floors, a fireplace and washer/dryer. All units enjoy private yard space, providing a single-family feel rarely found in income property. In addition, each unit includes a two-car tandem parking setup with its own garage. There is meaningful upside in the current rents across all three units, presenting a compelling long-term investment opportunity. Alternatively, the property is well-suited for an owner-user seeking to occupy one unit while generating income from the others, or for a multi-generational living arrangement utilizing all three units. A unique combination of architectural character, location, and income potential in one of Los Angeles' most desirable neighborhoods. As a note, If you are not familiar with the City of LA rules about how to occupy a dwelling as an owner even if it is already occupied by a tenant, please contact me or have your agent contact me and I will walk you/them through the steps of how it is done. It is actually quite simple.
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Listed by Ken Shapiro with Silverwood Properties (213) 250-4404
Property Type
Residential Income
Status
Active
MLS Number
26660593
Year Built
1954
Lot Size
9,814 sq ft