Millman Team Real Estate

$1,400,000
0.10 Acre Lot

309 N Avenue 50, Los Angeles, California 90042

  • Residential Income Property Type
  • Assigned Cars Garage
  • 1916 Year Built
Property Description

This renovated triplex is a rare turnkey investment opportunity in the established and desirable rental market of Highland Park. With significant upgrades, including new electrical, AC, cabinetry and all newer tenants, this property is ideal for cash flow on day one. Enjoy market rents without having to deal with relocation or holdover tenants, a rarity for the area. The property also features a great mix of one and two bedroom units, with each unit having access to their own private outdoor courtyard area. Located close by to Figueroa St and the Metro Gold Line, tenants have access to all that Highland Park has to offer with its bustling restaurants, shops, and nightlife. Easy access to Pasadena, Eagle Rock, Echo Park and DTLA is also a key reason rental demand has remained very high. As Highland Park continues to thrive, this property is well positioned to capitalize on the continued development of the overall area. This is truly a special property for investors who are interested in a stable passive income opportunity.

Basic Details
Residential Income
For Sale
AR25252719
$1,400,000
1916
0.10 Acre
Active
1
Triplex
Features
: None
: Assigned
: Washer Hookup, Gas Dryer Hookup
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90042
Avenue 50
309
Cross St Monte Vista St
632 - Highland Park
N
Additional Information
$0
$0
$0
$0
$0
2162
: Urban
1
: One
: 0-1 Unit/Acre
3
2025-11-03
1
1
: Public
Broker/Agent Information
ALTC Realty
Alan Lu
Listing Information
AR39599
30547
Cash,Cash to New Loan
Active
2025-11-04T14:15:54Z
CRMLS
: Standard
2025-11-03T11:57:47Z
Agent info
Ray Millman
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