Are you ready to build generational wealth? This prime multi-family triplex in historic Highland Park offers a golden investment opportunity offered at only $360k per door! Situated on an oversized lot just one block from lively Figueroa Street—an artistic neighborhood, home to trendy coffee shops, eclectic eateries, and the renowned LA Farmers Market. The Highland Park metro-link station is just 1/4 mile away, adding to the convenience. The triplex features three separate units all with newer roofs. The two front units (approx 825 SqFt each) with outdoor spaces, and a rear detached Craftsman home (approx 1,115 SqFt) with its own backyard. Each unit includes a garage, in-unit laundry, separate dining, and living areas, plus independent gas and electricity. With high demand and substantial rental potential, this property is a rare find, available for the first time in over 45 years. Currently fully occupied with month-to-month tenants, it’s a prime opportunity to start building generational wealth. This property is a gem. Make your offer today!
Property Details
Price:
$1,080,000
MLS #:
CV24160474
Status:
Active Under Contract
Baths:
0
Address:
132 S Avenue 56
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
632highlandpark
City:
Los Angeles
Listed Date:
Aug 6, 2024
State:
CA
ZIP:
90042
Lot Size:
10,177 sqft / 0.23 acres (approx)
Year Built:
1908
See this Listing
Mortgage Calculator
Schools
Interior
Appliances
Gas Range
Cooling
None
Fireplace Features
None
Flooring
Carpet, Tile, Vinyl, Wood
Heating
Wall Furnace
Exterior
Community Features
Sidewalks, Street Lights, Urban
Electric
Standard
Fencing
Chain Link
Foundation Details
Combination
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre, Level with Street, Lot 10000-19999 Sqft, Rectangular Lot, Near Public Transit, Yard
Parking Features
Driveway, Garage
Parking Spots
5.00
Pool Features
None
Roof
Composition, Shingle
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
Neighborhood
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address132 S Avenue 56 Los Angeles CA
- Area632 – Highland Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90042
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Courtesy of PAK HOME REALTY. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
132 S Avenue 56
Los Angeles, CA
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