$2,400,000

Estimated payment $15,292/month

Total Views 5
9 Beds
9 Baths
4,608 Sq Ft
$521 Price per Sq Ft

About This Home

Offers Due: Saturday, July 5th at 5PM. Charming Income-Producing Triplex in the Coveted Third Street School District! A Rare Opportunity represents an opportunity to acquire a generational asset in a great area with great upside potential. This well maintained triplex offers unbeatable location, and strong investment potential. Located within the highly desirable Third Street School district, it's a dream opportunity for both families and investors alike. The home's classic yellow exterior, framed by manicured hedges, exudes curb appeal and reflects the character of the surrounding neighborhood. Positioned in the vibrant Mid-Wilshire corridor, this property places you at the center of it all. Enjoy easy access to Larchmont Village, Beverly Hills, Koreatown, and The Grove. Whether you're looking to live in one unit while renting out the others in the future, or add a stable, income-producing asset to your portfolio. All units delivered with tenants in place. High-demand school district. Character-rich property. Unbeatable location. Opportunities like this don't come around often. Perfect for investors seeking a value-add opportunity in a blue-chip location. This is not just a property, it's a lifestyle investment with built-in value, character, and stability. Make it Yours before it's gone!

Listing Agent

Jisun Park

Dream Realty & Investments Inc License #02074139 Listed on: 06/06/2025

Dream Realty & Investments Inc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $23,671

Year Built

  • Built in 1918

Home Design

  • Triplex

Interior Spaces

  • 4,608 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 9 Bathrooms

Parking

  • 6 Parking Spaces
  • Carport

Additional Features

  • 6,627 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 5504-022-017

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$23,671

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4608
  • Lot Acreage: 0.1521
  • Stories: 2
  • Year Built: 1918
  • Number Of Photos: 39
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 9
  • Total Bathrooms: 9.00
  • Price Per S Q F T: 520.83

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Carport
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central
  • Water Expense: 4636.00

Fee Information

  • Maintenance Expense: 2823.00
  • Management Expense: 5085.00

Lot Info

  • Assessed Improvement Percent: 32.52
  • Assessed Improvement Value: 624486
  • Assessed Land Percent: 67.48
  • Assessed Land Value: 1296109
  • Total Assessed Value: 1920595
  • Assessor Parcel Number: 5504-022-017
  • Lot Size Area: 6627

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 21.00
  • Number Of Units: 3
  • Total Annual Expense: 14943.18
  • Type Of Units: Triplex
  • Vacancy Rate: 0

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $23,671 $1,920,595 $1,296,109 $624,486
2023 $23,217 $1,882,938 $1,270,696 $612,242
2022 $22,145 $1,846,019 $1,245,781 $600,238
2021 $21,861 $1,809,823 $1,221,354 $588,469
2019 $21,208 $1,756,144 $1,185,129 $571,015
2018 $21,053 $1,721,711 $1,161,892 $559,819
2016 $20,115 $1,654,857 $1,116,775 $538,082
2015 $19,823 $1,630,151 $1,114,771 $515,380
2014 $19,968 $1,598,220 $1,092,935 $505,285
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 For Sale $2,400,000 0.0% $521 / Sq Ft
01/27/2014 01/27/14 Rented $3,400 +3.0% --
01/27/2014 01/27/14 Under Contract -- -- --
10/02/2013 10/02/13 For Rent $3,300 +32.0% --
08/30/2013 08/30/13 Rented $2,500 0.0% --
08/30/2013 08/30/13 Under Contract -- -- --
08/20/2013 08/20/13 For Rent $2,500 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,630,000 Chicago Title Company
Interfamily Deed Transfer -- Accommodation
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Lawyers Title Company
Grant Deed $1,170,000 Lawyers Title Company
Interfamily Deed Transfer -- None Available
Grant Deed $1,095,000 Stewart Title
Grant Deed $1,030,000 First American Title Co
Grant Deed $680,000 Ctc
Individual Deed $447,000 Equity Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $825,000 New Conventional
Previous Owner $876,000 Fannie Mae Freddie Mac
Previous Owner $350,000 Purchase Money Mortgage
Previous Owner $130,000 Credit Line Revolving
Previous Owner $510,000 No Value Available
Previous Owner $384,900 Unknown
Previous Owner $40,000 Stand Alone Second
Previous Owner $351,950 Unknown
Previous Owner $347,000 No Value Available
Source: Public Records

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Source: The MLS

MLS Number: 25549087

The MLS

APN: 5504-022-017