$965,000

Estimated payment $5,745/month

Total Views 277
3 Beds
3 Baths
1,504 Sq Ft
$642 Price per Sq Ft

Highlights

  • Rectangular Lot
  • Chain Link Fence
  • 1-Story Property

About This Home

Turnkey Triplex with True Passive Income!
Newly renovated and fully occupied, this property features three 1-bedroom, 1-bath units, all rented to reliable Section 8 tenants—ensuring consistent rental income and hassle-free collections.

Each unit has been completely upgraded with new electrical wiring, plumbing, energy-efficient HVAC mini-splits, windows, flooring, and beautifully modernized kitchens and bathrooms. The property also offers ample parking and potential space for an ADU to further maximize returns.

Located in a convenient South LA neighborhood, enjoy proximity to local shops, dining, parks, and easy freeway access for quick commutes across the city.

An excellent opportunity for investors seeking a truly turnkey property with stable cash flow!

Listing Agent

Andrew Cano

Service First Realty Brokerage Phone: 949-300-3698 License #01187610 Listed on: 08/04/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,980

Year Built

  • Built in 1950

Lot Details

  • 5,161 Sq Ft Lot
  • No Common Walls
  • Chain Link Fence
  • Rectangular Lot
  • Paved or Partially Paved Lot
  • Density is up to 1 Unit/Acre

Home Design

  • Triplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1,504 Sq Ft Home
  • 1-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Parking

  • Parking Available
  • Driveway
  • Paved Parking

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Tax Lot 141
  • Tax Tract Number 3754
  • Assessor Parcel Number 6072013019
  • $802 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • 3 Units

Building Details

  • Rent Control
  • 3 Separate Electric Meters
  • 3 Separate Gas Meters
  • 1 Separate Water Meter
  • Gardener Expense $600
  • Insurance Expense $1,640
  • Water Sewer Expense $1,200
  • New Taxes Expense $12,063
  • Operating Expense $15,503
  • Gross Income $85,248
  • Net Operating Income $69,745

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,980

Year Built

Built in 1950

Lot Details

0

Listing Details

  • CapRate: 7.23
  • Price Per Unit: 321667
  • Property Attached: No
  • Road Frontage Type: City Street
  • View: No
  • Water Sewer Expenses: 1200.00
  • Zoning: LARD2
  • Property Sub Type: Triplex
  • Property Type: Residential Income
  • Gardener Expense: 600.00
  • Parcel Number: 6072013019
  • Year Built: 1950
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Stories: 1
  • Entry Location: 1
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 641.62

Exterior Features

  • Foundation: Slab
  • Fence: Yes
  • Fencing: Chain Link
  • Pool Private: No
  • Roof: Composition
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway, Concrete

Utilities

  • Laundry: No
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Gutters

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Rectangular Lot, Paved
  • Lot Size Sq Ft: 5161.00
  • Lot Size Acres: 0.1185

Rental Info

  • Tenant Pays: Cable TV, Electricity, Gas, Telephone, Trash Collection

Multi Family

  • Average1 Bed Area: 502 Square Feet
  • Average2 Bed Area: 501 Square Feet
  • Average3 Bed Area: 501 Square Feet
  • Gross Multiplier: 8.83
  • Gross Operating Income: 85248.00
  • Gross Scheduled Income: 85248.00
  • Gross Spendable Income: 85248.00
  • Insurance Expense: 1640.00
  • Lot Size Area: 5161.0000 Square Feet
  • Net Operating Income: 69745.00
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 3
  • Operating Expense: 15503.00
  • Rent Control: Yes
  • Total Expenses: 15503.00

Tax Info

  • New Taxes Expense: 12063.00
  • Tax Census Tract: 2409.01
  • Tax Lot: 141
  • Tax Tract Number: 3754
  • TaxOtherAnnualAssessmentAmount: 802.00

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 $4,980 $714,000 $387,600 $326,400
2024 $4,980 $354,314 $214,963 $139,351
2023 $4,890 $347,368 $210,749 $136,619
2022 $4,684 $340,558 $206,617 $133,941
2021 $4,621 $333,881 $202,566 $131,315
2019 $4,490 $324,439 $196,558 $127,881
2018 $4,371 $318,087 $192,704 $125,383
2016 $4,251 $305,295 $185,222 $120,073
2015 $4,188 $300,710 $182,440 $118,270
2014 $4,210 $294,821 $178,867 $115,954
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/04/2025 08/04/25 For Sale $965,000 +37.9% $642 / Sq Ft
01/11/2024 01/11/24 Sold $700,000 0.0% $469 / Sq Ft
01/01/2024 01/01/24 Pending -- -- --
12/31/2023 12/31/23 Off Market $700,000 -- --
06/29/2023 06/29/23 Price Changed $740,000 -4.5% $496 / Sq Ft
05/25/2023 05/25/23 For Sale $775,000 -- $519 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Grant Deed $688,000 First American Title
Grant Deed -- None Listed On Document
Grant Deed $619,500 First American Title
Grant Deed $680,000 Pacific Coast Title Company
Interfamily Deed Transfer -- First American Title Co
Interfamily Deed Transfer -- Chicago Title Co
Corporate Deed $110,000 Commonwealth Title
Corporate Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $622,500 New Conventional
Previous Owner $560,000 New Conventional
Previous Owner $280,000 New Conventional
Previous Owner $225,000 Purchase Money Mortgage
Previous Owner $110,107 FHA
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25174934

California Regional Multiple Listing Service (CRMLS)

APN: 6072-013-019