New Listing – Turnkey Triplex in Mid-City Los Angeles
Matt Dunfrund of Lyon | Stahl is pleased to present 1837 S Highland Ave, a turnkey triplex in Los Angeles!
This property is listed for $1,450,000
Featuring a fantastic unit mix with two large 3 Bedroom 2 Bath units & a detached rear 1 Bedroom 1 Bath unit with 2,773 total rentable SF. Seller will be delivering one 3+2 unit vacant at closing. This Mid-City property is very well-located adjacent highly desirable Lafayette Square & Picfair Village in a nice residential pocket, but also close to La Brea & minutes from the 10 Freeway for ease of access/commuting. This totally turnkey Highland triplex presents a great opportunity both for an owner-user buyer looking to take occupancy themselves + have great rental income to assist with the bulk of their mortgage payments, or for an investor/1031 buyer looking to rent that vacant 3+2 unit for a $3,200/mth market rent & enjoy strong gross income of $7,925/mth; $95,100/yr with total ease of mgmt & no capital improvements required.
• Immaculate recently renovated Triplex with two 3+2 units & one detached 1+1 unit (one 3 Bedroom Unit will be delivered vacant at closing)
• Rapidly appreciating Mid-City LA (90019) location; adjacent highly desirable Lafayette Square & Picfair Village in a nice residential pocket
• Great owner-user or investor/1031 opportunity with solid stable income of $7,925/month; $95,100/year & ease of management with this totally turnkey asset
• Well-located just north of Washington Blvd; one block east of La Brea & only minutes from the 10 Freeway for ease of access/commuting throughout LA