Turnkey income-producing triplex in one of Northeast Los Angeles’ most desirable rental markets. Located in the heart of Highland Park, this updated property generates $7,585 per month in current gross income ($91,020 annually) with upside to approximately $98,400 in annual market rents. The property consists of a studio unit, a 2-bedroom/1-bath unit, and a spacious 2-bedroom/2-bath unit. All three units have been extensively remodeled and feature custom-colored cabinetry, quartz countertops, luxury vinyl plank flooring, recessed lighting, stainless steel appliances, and energy-efficient mini-split heating and air conditioning systems. Each unit also includes its own laundry facilities, providing added convenience and tenant appeal. Situated on a large lot with favorable zoning and future ADU development potential (buyer to verify), the property offers both strong in-place cash flow and long-term value-add opportunities. A former garage has been converted to a carport parking space. Ideally positioned near York Boulevard, Figueroa Street, Pasadena, Downtown Los Angeles, Occidental College, and major transportation corridors, residents enjoy convenient access to Highland Park’s renowned dining, coffee shops, nightlife, and cultural attractions. At the asking price, the property offers an approximate 6.24% current cap rate and 14.56 GRM based on existing rents, making it an attractive opportunity for investors, 1031 exchange buyers, and owner-users seeking long-term appreciation in one of Los Angeles’ strongest rental submarkets. Please do not disturb tenants. Drive-by only. Offers subject to interior inspection. Buyer to independently verify all information, including zoning, development potential, rents, expenses, and square footage.
Property Details
Price:
$1,325,000
MLS #:
26847581
Status:
Active
Beds:
4
Baths:
4
Type:
Single Family
Neighborhood:
632highlandpark
Listed Date:
Jun 16, 2026
Finished Sq Ft:
1,910
Total Sq Ft:
1,910
Lot Size:
7,380 sqft / 0.17 acres (approx)
Year Built:
1917
See this Listing
Schools
Interior
Appliances
DW, RF
Heating
WL
Laundry Features
IN
Levels
S
Exterior
Parking Spots
1
Parking Total
1
Patio And Porch Features
POF
Roof
CMP
Security Features
GC
Financial
Maintenance Fee
$200
Map
Community
- Address427 N Avenue 52 Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90042
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Jun 19, 2026
7,281
Single Family Listed
85
Avg DOM
432
Avg $ / SqFt
$1,653,392
Avg List Price
Property Summary
- 427 N Avenue 52 Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90042. It is listed for $1,325,000 and features 4 beds, 4 baths, and has approximately 1,910 square feet of living space, and was originally constructed in 1917. The current price per square foot is $694. The average price per square foot for Single Family listings in Los Angeles is $432. The average listing price for Single Family in Los Angeles is $1,653,392.
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427 N Avenue 52
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