132 S Avenue 56
Los Angeles, CA, 90042
$1,080,000
Beds
0 Baths
SqFt
0.23 Acres
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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
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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

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132 S Avenue 56
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