
654 Penrith Dr Los Angeles, CA 90023
Estimated payment $8,883/month
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
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
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 | $9,172 | $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 |
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 |
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 |
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 |
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Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR25059959

APN: 5185-027-015
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