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Listed by Jesus Laurean-Flores • eXp Realty of Southern California
$ 749,000
Est. payment /mo
Coming Soon
729 South Bernal Los Angeles, CA 90023
6 Beds
3 Baths
2,250 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,250 sqft
Price per Sqft $332
MLS Listing ID IG-26111674
Bedrooms 6
Full Baths 3
Year Built 1942
Lot Size 0.306 Acres
Property Sub-Type Triplex
Source California Regional Multiple Listing Service (CRMLS)
Property Description
This Boyle Heights triplex presents a rare and versatile investment opportunity with multiple paths for income growth and future development. The property is currently configured with a duplex at the front of the lot and a spacious detached unit at the rear, creating the perfect setup for an owner-occupant to live in the private back unit while generating rental income from the front units, both of which have been well maintained and upgraded over time. Investors also have the option to lease all three units and capitalize on strong rental upside with significant pro-forma potential and long-term ROI.
Situated on an expansive 13,313 sq. ft. lot (approximately 0.3 acres) with desirable LARD1.5 zoning, the property offers exceptional redevelopment potential, allowing for up to 8 buildable units on the parcel (Buyer to verify all information). With larger multi-unit and multi-story developments already established along the same street, the groundwork for increased density and enhanced income potential has already been set.
All three units feature 2 bedrooms and 1 bathroom, with separate gas and electric meters, as well as individual water heaters for each unit. The owner's unit includes a dedicated laundry room, while exterior laundry is available for the duplex units. Over the years, the property has seen various upgrades, including newer laminate flooring throughout, a newer roof on the rear owner's unit, and a remodeled bathroom in the detached unit.
A long driveway running alongside and in front of the property provides ample parking for residents and guests alike. Conveniently located near major freeways and offering easy access to all parts of Los Angeles, this property combines immediate cash-flow opportunity with substantial long-term land value and redevelopment potential.
Situated on an expansive 13,313 sq. ft. lot (approximately 0.3 acres) with desirable LARD1.5 zoning, the property offers exceptional redevelopment potential, allowing for up to 8 buildable units on the parcel (Buyer to verify all information). With larger multi-unit and multi-story developments already established along the same street, the groundwork for increased density and enhanced income potential has already been set.
All three units feature 2 bedrooms and 1 bathroom, with separate gas and electric meters, as well as individual water heaters for each unit. The owner's unit includes a dedicated laundry room, while exterior laundry is available for the duplex units. Over the years, the property has seen various upgrades, including newer laminate flooring throughout, a newer roof on the rear owner's unit, and a remodeled bathroom in the detached unit.
A long driveway running alongside and in front of the property provides ample parking for residents and guests alike. Conveniently located near major freeways and offering easy access to all parts of Los Angeles, this property combines immediate cash-flow opportunity with substantial long-term land value and redevelopment potential.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplaces Type None
Inclusions see remarks
Laundry Individual Room, Outside
Exterior
Pool None
Community Features Sidewalks, Suburban
View Y/N Yes
Building
Lot Description Lot 10000-19999 Sqft, 0-1 Unit/Acre
Sewer Public Sewer
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