Property Detail

Description

A rare opportunity to own a standalone residence with built-in income, this thoughtfully renovated two-building triplex offers privacy, flexibility, and long-term potential in a central Los Angeles location. The front home—separate from the rear units—lives like a single-family residence, complete with its own driveway and carport accommodating 4–5 cars in tandem, a true luxury in the city. Inside, the front residence features two ensuite bedrooms, bonus upstairs living space, and an open-concept floorplan that flows seamlessly from the front door through the main living areas and out to the patio—ideal for everyday living or hosting. Recent upgrades include a new foundation (allowing for future vertical expansion, buyer to verify), new sewer lines serving both buildings, upgraded drainage with a sump pump system, a new side fence, and interior improvements such as updated medicine cabinets, tub, and additional electrical outlets. The rear building provides two additional units—a one-bedroom residence on the lower level and a three-bedroom residence above—along with an attached two-car garage. All units include in-unit laundry hookups, offering convenience for occupants and ease of ownership. The front home is currently furnished and set up for 30+ day rental use, while existing rents include a scheduled 3% annual increase in May, bringing monthly rent to $5,857.34. Ongoing landlord expenses are minimal and primarily limited to water/refuse, yard maintenance, and pest service. There are also plans that have been submitted and are currently awaiting approval for an ADU layout involving a second-floor and roof deck conversion. The submitted plans illustrate the current downstairs floor plan along with a proposed upstairs conversion to create an additional 3-bedroom, 3-bath ADU with roof deck and separate access from a rear balcony (buyer to verify status and requirements). This presents a compelling opportunity for expanded living space or additional income potential. Centrally located with quick access to Downtown Los Angeles and nearby cultural landmarks such as Dodger Stadium, the Walt Disney Concert Hall, and the Hollywood Bowl—each within approximately a 10-minute drive—this property is ideal for an owner-user seeking a private home with supplemental income and future upside.