Los Angeles, CA 90042,309 N Avenue 50
Los Angeles, CA 90042,309 N Avenue 50
Los Angeles, CA 90042,309 N Avenue 50
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$1,400,000
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4,504 Sqft Lot
Active

309 N Avenue 50 Los Angeles, CA 90042

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Cole & Monica Mitchell

Cole & Monica Mitchell

+1(818) 875-7561

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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR25252719

HOA Y/N No

Year Built 1916

Lot Size 4,504 Sqft

Property Sub-Type Triplex

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.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Interior

Fireplace No

Laundry Washer Hookup, Gas Dryer Hookup

Exterior

Parking Features Assigned

Pool None

Community Features Urban

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5469012016

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

CRMLS – RECore
Listed by Alan Lu ALTC Realty 626-378-8007

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Arroyo Vista Elementary School

    Public | KG - 5

  • 10

    Monterey Hills Elementary School

    Public | KG - 5

  • 9

    Horace Mann Elementary School

    Public | PK - 5

  • 9

    Solano Avenue Elementary School

    Public | KG - 6

  • 9

    Delevan Drive Elementary

    Public | KG - 6

  • 9

    Eagle Rock Elementary & Magnet Center

    Public | KG - 6

  • 9

    Celerity Troika Charter

    Public | KG - 8

  • 8

    Puc Milagro Charter

    Public | KG - 5

  • 7

    Celerity Octavia Charter

    Public | KG - 8

  • 7

    John Marshall Elementary School

    Public | KG - 5

  • 7

    Dorris Place Elementary

    Public | KG - 6

  • 7

    Mt. Washington Elementary School

    Public | KG - 6

  • 7

    Arroyo Seco Museum Science

    Public | KG - 8

  • 7

    Latona Elementary School

    Public | PK - 6

  • 7

    Sierra Vista Elementary

    Public | KG - 6

  • 6

    John Muir Elementary School

    Public | KG - 6

  • 6

    Glenoaks Elementary School

    Public | KG - 6

  • 6

    Dahlia Heights Elementary

    Public | KG - 6

  • 6

    Rockdale Visual & Performing Arts Magnet

    Public | KG - 6

  • 6

    Yorkdale Elementary

    Public | KG - 5

Middle Schools 15
  • 9

    Renaissance Arts Academy

    Public | 6 - 12

  • 7

    Eagle Rock Jr. / Sr. High School

    Public | 7 - 12

  • 6

    Irving STEAM Magnet

    Public | 6 - 8

  • 5

    Puc Santa Rosa Charter Academy

    Public | 6 - 8

  • 5

    Florence Nightingale Middle School

    Public | 6 - 8

  • 5

    Los Angeles Leadership Academy

    Public | 6 - 12

  • 5

    Luther Burbank Middle School

    Public | 6 - 8

  • 4

    Puc Excel Charter Academy

    Public | 6 - 8

  • 4

    El Sereno Middle School

    Public | 6 - 8

  • 3

    Studio

    Public | 6 - 8

  • 3

    Alliance College-Ready Middle Academy No. 5

    Public | 6 - 8

  • 0

    Academia Avance Charter

    Public | 6 - 12

  • 0

    Optimist Charter

    Public | 7 - 12

  • 0

    Puc California Academy for Liberal Studies

    Public | 6 - 8

  • 0

    Fusion Academy Pasadena

    Private | 7 - 12

High Schools 20
  • 9

    Alliance Marc & Eva Stern Math and Science

    Public | 9 - 12

  • 8

    Alliance Environmental Science and Technology High School

    Public | 9 - 12

  • 8

    Los Angeles High School for the Arts

    Public | 9 - 12

  • 7

    PUC Early College Academy for Leaders & Scholars (ECALS)

    Public | 9 - 12

  • 6

    Glendale High School

    Public | 9 - 12

  • 6

    Alliance Susan and Eric Smidt Technology High School

    Public | 9 - 12

  • 6

    Lincoln High School

    Public | 9 - 12

  • 6

    Benjamin Franklin High School

    Public | 9 - 12

  • 5

    Alliance Tennenbaum Family Technology High School

    Public | 9 - 12

  • 5

    Leadership in Entertainment and Media Arts (Lema)

    Public | 9 - 12

  • 5

    Puc Ca Academy for Liberal Studies Early College H

    Public | 9 - 12

  • 5

    Los Angeles International Charter High School

    Public | 9 - 12

  • 4

    Los Angeles River High School

    Public | 9 - 12

  • 4

    Woodrow Wilson High School

    Public | 9 - 12

  • 3

    School of History and Dramatic Arts at Sonia Sotomayor Learning Complex

    Public | 9 - 12

  • 3

    Academy of Environmental & Soc Policy (Esp) at Roosev

    Public | 9 - 12

  • 0

    Artlab at Sonia Sotomayor Learning Academics

    Public | 9 - 12

  • 0

    Sacred Heart High School

    Private | 9 - 12

  • 0

    Pueblo de los Angeles Continuation

    Public | 9 - 12

  • 0

    Highland Park Continuation

    Public | 9 - 12

School and business data provided by Attom Data.
Cole & Monica Mitchell
Cole & Monica Mitchell

+1(818) 875-7561 | cole@mitchellteam.net

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309 N Avenue 50