$1,565,000
$1,525,000
2.6%For more information regarding the value of a property, please contact us for a free consultation.
5,736 Sqft Lot
SOLD DATE : 02/06/2025
Key Details
Sold Price $1,565,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
MLS Listing ID SR24222759
Sold Date 02/06/25
HOA Y/N No
Year Built 1949
Lot Size 5,736 Sqft
Property Description
Rare opportunity to own a 3-unit property in the desirable Miracle Mile district—perfect for TIC conversion, multi-generational living, owner-occupants, or investors. This property presents significant value-add potential through interior and exterior upgrades or a TIC conversion. The unit mix includes a spacious 3-bedroom, 1.5-bath unit (approx. 1,200 sq ft), an upgraded 2-bedroom, 1-bath unit (approx. 933 sq ft), and a 2-bedroom, 1-bath unit (approx. 1,080 sq ft). Amenities include three one-car garages and a shared laundry room for extra income. The units feature hardwood floors and abundant midcentury charm. Situated in a high-demand rental market popular with young professionals, this triplex is moments away from Museum Row, home to LACMA, The Academy Museum, Petersen Automotive Museum, and La Brea Tar Pits, as well as exceptional shopping, dining, and entertainment with a walk score of 91. It's close to The Grove, Beverly Center, Cedars-Sinai, and Koreatown, with easy access to UCLA, USC, Downtown LA, and the 10 Freeway. Ideal for investors or owner-occupants seeking a condo or single-family home alternative, this property promises stable, long-term wealth growth and appreciation.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Interior Features Ceiling Fan(s), Bedroom on Main Level, Walk-In Closet(s)
Heating Central
Cooling Wall/Window Unit(s)
Flooring Laminate, Wood
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Exterior Feature Awning(s)
Parking Features Garage
Garage Spaces 3.0
Carport Spaces 3
Garage Description 3.0
Fence Privacy
Pool None
Community Features Curbs, Street Lights, Sidewalks, Urban, Gated
View Y/N No
View None
Total Parking Spaces 3
Private Pool No
Building
Lot Description 2-5 Units/Acre, Back Yard, Near Public Transit, Walkstreet, Yard
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5089013002
Security Features Gated Community
Acceptable Financing Cash, Conventional, Fannie Mae, Freddie Mac
Listing Terms Cash, Conventional, Fannie Mae, Freddie Mac
Financing Conventional
Special Listing Condition Standard, Trust
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
![Rene Duarte](https://cdn.chime.me/image/fs/user-info/202518/17/w600_original_142639cb-3ab7-4837-9900-76fb719ee500-jpeg.webp)
Our team is ready to help you sell your home for the highest possible price ASAP
![California Regional MLS (CRMLS)](https://cdn.chime.me/image/fs01/agnentinfo/20170306/22/h600_original_12779640049122169-png.webp)
Bought with Daniel Lipshutz • KW Advisors
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "