654 Penrith Dr Los Angeles, CA 90023
Boyle Heights NeighborhoodEstimated payment $8,825/month
Highlights
- New Construction
- Gated Parking
- Updated Kitchen
- Solar Power System
- Panoramic View
- Open Floorplan
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 Triplex 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 just received 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! All showings must be by appointment only
Listing Agent
Golden Real Estate Investments Brokerage Phone: 661-250-8295 License #02188416 Listed on: 10/18/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 2025 | New Construction
Lot Details
- 5,290 Sq Ft Lot
- 1 Common Wall
- Privacy Fence
- Wood Fence
- Block Wall Fence
- Brick Fence
- Rectangular Lot
- Back and Front Yard
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
- Public Parking
- Front Facing Garage
- Tandem Parking
- Single Garage Door
- Garage Door Opener
- Lot Sloped Down
- Driveway Down Slope From Street
- Gated Parking
- On-Street Parking
- RV Potential
Property Views
- Panoramic
- City Lights
- Neighborhood
Home Design
- Triplex
- Entry on the 1st floor
- Turnkey
- Additions or Alterations
- Brick Exterior Construction
- Fire Rated Drywall
- Interior Block Wall
- Shingle Roof
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 2,339 Sq Ft Home
- 2-Story Property
- Open Floorplan
- Partially Furnished
- Bar
- Beamed Ceilings
- Brick Wall or Ceiling
- Ceiling Fan
- Recessed Lighting
- Family Room Off Kitchen
- Combination Dining and Living Room
- Finished Basement
- Sump Pump
Kitchen
- Updated Kitchen
- Open to Family Room
- Eat-In Kitchen
- Breakfast Bar
- Microwave
- Kitchen Island
- Built-In Trash or Recycling Cabinet
- Self-Closing Drawers and Cabinet Doors
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms | 3 Main Level Bedrooms
- Primary Bedroom on Main
- Remodeled Bathroom
- Jack-and-Jill Bathroom
- In-Law or Guest Suite
- Bathroom on Main Level
- 5 Full Bathrooms
- Stone Bathroom Countertops
- Dual Sinks
- Private Water Closet
- Bathtub with Shower
- Walk-in Shower
- Exhaust Fan In Bathroom
- Closet In Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Accessible Home Design
- No Interior Steps
- More Than Two Accessible Exits
- Accessible Parking
Eco-Friendly Details
- Energy-Efficient Appliances
- Energy-Efficient HVAC
- Solar Power System
Outdoor Features
- Balcony
- Patio
- Exterior Lighting
- Rain Gutters
- Front Porch
Location
- Property is near park
Utilities
- Central Heating and Cooling System
- Overhead Utilities
- Natural Gas Connected
- Water Heater
Listing and Financial Details
- Legal Lot and Block 3 / B
- Tax Tract Number 4433
- Assessor Parcel Number 5185027015
- $310 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 3 Units
Recreation
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
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 | $9,306 | $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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 01/30/2026 01/30/26 | Pending | -- | -- | -- | |
| 01/29/2026 01/29/26 | Price Changed | $1,550,000 | +14.9% | $663 / Sq Ft | |
| 11/21/2025 11/21/25 | Price Changed | $1,349,000 | -3.6% | $577 / Sq Ft | |
| 10/18/2025 10/18/25 | For Sale | $1,399,000 | +97.0% | $598 / Sq Ft | |
| 07/01/2021 07/01/21 | Sold | $710,000 | +6.0% | $534 / Sq Ft | View Prior Sale |
| 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 |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | -- | Commonwealth | |
| Grant Deed | -- | -- | |
| Gift Deed | -- | Commonwealth Land Title Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $82,000 | Fannie Mae Freddie Mac | |
| Previous Owner | $81,000 | No Value Available |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25242692
APN: 5185-027-015
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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Ask me questions while you tour the home.