$1,490,000
$60K PRICE DROP

654 Penrith Dr Los Angeles, CA 90023

Estimated payment $8,883/month

Total Views 9,324
5 Beds
5 Baths
2,498 Sq Ft
$596 Price per Sq Ft

Highlights

  • Newly Remodeled
  • City Lights View
  • Property is near a park
  • Felicitas and Gonzalo Mendez High Rated A-
  • Open Floorplan
  • No HOA

About This Home

Investors & Buyers Alert! Massive Income Potential at 654 Penrith Drive!

Don’t miss this rare multi-unit opportunity in the heart of Los Angeles! Perfect for investors and buyers looking for passive income and portfolio growth. This property is a Duplex with three fully functional units — instant cash flow, turnkey potential, and long-term growth.

Unit 1: 3 Bedrooms, 2 Bathrooms, washer/dryer, private yard

Unit 2 (New Construction!): 2 Bedrooms, 2 Bathrooms, 2 balconies, full kitchen, washer/dryer, private yard

Unit 3 (New Construction Studio!): Full bathroom, full kitchen, washer/dryer, private yard

Additional perks:

2-car garage + tandem parking for 3 cars

Walking distance to local amenities

Minutes from Downtown LA & the new 6th Street Bridge

Units 2 & 3 are brand new and in the process of obtaining a Certificate of Occupancy, giving you fresh, rentable units ready to generate income immediately.

This is the ultimate property for investors and buyers looking to grow a real estate portfolio. Opportunities like this don’t wait — act fast!

?? Call now before this rare gem is gone!

Listing Agent

Christopher Aparicio

Golden Real Estate Investments Brokerage Phone: 661-250-8295 License #02188416 Listed on: 03/20/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,172

Year Built

  • Built in 1923 | Newly Remodeled

Lot Details

  • 5,290 Sq Ft Lot
  • 1 Common Wall
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Front Yard Sprinklers
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage

Property Views

  • City Lights
  • Neighborhood

Home Design

  • Duplex
  • Split Level Home

Interior Spaces

  • 2,498 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Bar
  • Sliding Doors
  • Family Room Off Kitchen
  • Living Room
  • Laminate Flooring
  • Finished Basement
  • Sump Pump

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Built-In Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms | 3 Main Level Bedrooms
  • All Upper Level Bedrooms
  • Remodeled Bathroom
  • In-Law or Guest Suite
  • Bathroom on Main Level
  • 5 Full Bathrooms
  • Dual Sinks
  • Bathtub with Shower
  • Walk-in Shower
  • Exhaust Fan In Bathroom

Laundry

  • Laundry Room
  • Stacked Washer and Dryer

Outdoor Features

  • Balcony

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • Ductless Heating Or Cooling System
  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Tankless Water Heater
  • Sewer Paid

Community Details

  • No Home Owners Association
  • 3 Units

Listing and Financial Details

  • Legal Lot and Block 3 / B
  • Tax Tract Number 4433
  • Assessor Parcel Number 5185027015
  • $310 per year additional tax assessments

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,172

Year Built

Built in 1923 | Newly Remodeled

Lot Details

0

Parking

2

Listing Details

  • Structure Type: Duplex
  • Assessments: No
  • Property Attached: Yes
  • View: Yes
  • Zoning: LAR2
  • New Construction: Yes
  • Property Sub Type: Duplex
  • Property Type: Residential
  • Parcel Number: 5185027015
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Living Area: 2498.00 Square Feet
  • Interior Amenities: Balcony, Bar, In-Law Floorplan, Open Floorplan, Sump Pump
  • Stories: 1
  • Entry Location: Front
  • Common Walls: 1 Common Wall
  • Flooring: Laminate
  • Appliances: Yes
  • Full Bathrooms: 5
  • Full And Three Quarter Bathrooms: 5
  • Total Bedrooms: 5
  • Door Features: Sliding Doors
  • Eating Area: Breakfast Counter / Bar, Family Kitchen, In Kitchen
  • Entry Level: 1
  • Levels: One, Two, Multi/Split
  • Main Level Bathrooms: 2
  • Main Level Bedrooms: 3
  • Price Per Square Foot: 596.48
  • Room Type: All Bedrooms Up, Basement, Family Room, Kitchen, Living Room, Primary Bathroom, Primary Bedroom
  • Bathroom Features: Bathtub, Shower, Shower In Tub, Double Sinks In Bath(s), Exhaust Fan(s), Main Floor Full Bath, Remodeled
  • Basement: Finished

Exterior Features

  • View: City Lights, Neighborhood
  • Pool Private: No
  • Spa: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Sprinklers: Yes
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Built-In Range, Dishwasher, Disposal, Microwave, Refrigerator, Tankless Water Heater, Vented Exhaust Fan
  • Heating Type: Central, Ductless
  • Laundry Features: Dryer Included, Inside, Stackable, Washer Included
  • Sewer: Public Sewer, Sewer Paid
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Schools

  • School District: Los Angeles Unified

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Front Yard, Rectangular Lot, Near Public Transit, Park Nearby, Paved, Sprinkler System, Sprinklers In Front
  • Lot Size Sq Ft: 5290.00
  • Lot Size Acres: 0.1214

Multi Family

  • Lease Considered: No
  • Lot Size Area: 5290.0000 Square Feet
  • Number Of Units Total: 3

Tax Info

  • Tax Block: B
  • Tax Census Tract: 2047.00
  • Tax Lot: 3
  • Tax Tract Number: 4433
  • TaxOtherAnnualAssessmentAmount: 310.00

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
2025 $9,172 $753,455 $506,832 $246,623
2024 $9,172 $738,683 $496,895 $241,788
2023 $8,996 $724,200 $487,152 $237,048
2022 $8,580 $710,000 $477,600 $232,400
2021 $728 $43,877 $17,860 $26,017
2020 $729 $43,428 $17,677 $25,751
2019 $709 $42,578 $17,331 $25,247
2018 $621 $41,744 $16,992 $24,752
2017 $606 $40,926 $16,659 $24,267
2016 $576 $40,125 $16,333 $23,792
2015 $569 $39,523 $16,088 $23,435
2014 $579 $38,749 $15,773 $22,976
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2025 08/21/25 Price Changed $1,490,000 0.0% $596 / Sq Ft
08/21/2025 08/21/25 For Sale $1,490,000 -3.9% $596 / Sq Ft
04/30/2025 04/30/25 Off Market $1,550,000 -- --
03/20/2025 03/20/25 For Sale $1,550,000 +118.3% $620 / Sq Ft
07/01/2021 07/01/21 Sold $710,000 +6.0% $534 / Sq Ft
06/05/2021 06/05/21 For Sale $670,000 -5.6% $504 / Sq Ft
06/03/2021 06/03/21 Off Market $710,000 -- --
05/27/2021 05/27/21 For Sale $670,000 -- $504 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- California Best Title
Grant Deed $710,000 California Best Title
Interfamily Deed Transfer -- None Available
Grant Deed -- Commonwealth
Grant Deed -- --
Gift Deed -- Commonwealth Land Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 New Conventional
Open $532,500 New Conventional
Previous Owner $544,185 FHA
Previous Owner $82,000 Fannie Mae Freddie Mac
Previous Owner $81,000 No Value Available
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR25059959

California Regional Multiple Listing Service (CRMLS)

APN: 5185-027-015