Properties

Los Angeles, CA 90042 309 N Avenue 50

309 N Avenue 50 Los Angeles, CA - Image 1309 N Avenue 50 Los Angeles, CA - Image 2309 N Avenue 50 Los Angeles, CA - Image 3
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Presented By: Alan Lu with ALTC Realty; 626-378-8007
  • MLS# AR25252719
  • 11/03/2025
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  • Baths • 1
  • SQFT • 2,162

Home Details

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.
Presented By: Alan Lu with ALTC Realty; 626-378-8007

Interior Features for 309 N Avenue 50

Other Interior Features

Common WallsTwoCommonWallsOrMore
Laundry FeaturesWasherHookup, GasDryerHookup
Total Stories1

Other Rooms

Entry Level1

General for 309 N Avenue 50

Additional Parcels Y/NNo
Building Area UnitsSquareFeet
CityLos Angeles
Community FeaturesUrban
CountyLos Angeles
DirectionsCross St Monte Vista St
Electric Expense
Entry Location1
Fuel Expense
Garage Spaces
Garage Y/NNo
Gross Income89844
HOANo
HOA Fee$
Insurance Expense2000
Land Lease Y/NNo
LevelsOne
Listing TermsCash, CashToNewLoan
Lot Size Square Feet4503
Lot Size UnitsSquareFeet
MLS Area632 - Highland Park
Net Operating Income71875
New ConstructionNo
Number Of Units Total3
Number of Units Leased3
Open Parking Spaces1
Operating Expense17968
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NYes
Property Sub Type AdditionalTriplex
Property SubtypeTriplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count1
Tax Lot14
Tenant PaysElectricity, Gas
Total Actual Rent7487
Trash Expense0
Water Sewer Expense2000
Year Built1916
Year Built SourceAssessor

Exterior for 309 N Avenue 50

Building Area Total2162
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1034
Lot Size Area4503
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesAssigned
Private PoolNo
Total Parking1
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,400,000
MLS#AR25252719
List Date 11/03/2025
Property Type Single Family
Phone 888.795.6274
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Request Info
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