
Los Angeles, California 90042
This Turnkey Multi-Unit Compound is listed at $1,749,000, representing a stable acquisition positioned near its $1,721,035 Fair Market Value. Boasting a Value 2 Condition Rating, the property consists of three detached, renovated cottages featuring updated systems, private fenced yards, private decks, and treetop skyline views. Located just one block from York Boulevard’s boutiques, this asset commands high rental demand in a rapidly appreciating neighborhood and offers versatile potential for TIC conversion. It is an exceptional opportunity for Buy-and-Hold Investors or Owner-Occupants seeking a premium house-hack in Highland Park.
Property is new construction or fully renovated.
Despite being built in 1923, this triplex compound has been extensively renovated within the last 5 years. The interiors feature high-quality hardwood flooring, modern shaker-style kitchen cabinetry with subway tile backsplashes, and updated stainless steel appliances. The property shows no signs of deferred maintenance, with updated systems, contemporary light fixtures, and well-manicured outdoor living spaces that meet current market standards for a turnkey investment.
The property features three detached cottages on a single lot, offering exceptional flexibility for TIC conversion, a multi-generational family compound, or a high-yield rental strategy with the front unit delivered vacant.
Situated just one block from the boutiques and dining on York Boulevard, this location commands high tenant demand and sits within one of North East LA's most rapidly appreciating and culturally vibrant neighborhoods.
Each unit boasts updated systems and unique artistic finishes while maintaining private fenced yards, individual laundry, and dedicated parking, providing a premium 'single-family' feel for every occupant.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2557, other record living area = 2153.
Despite updated systems, the 1923 construction may present ongoing maintenance requirements and structural quirks inherent to vintage properties that could impact long-term capital expenditure.
At a list price of $1.749M, the property represents a significant capital investment that may result in tighter initial cap rates for pure investors compared to non-turnkey opportunities in the area.
THREE detached cottages just one block from the vibrant energy, shops / boutiques and venues on York Blvd! Located on a lovely residential street, this bright and whimsical compound awaits its next chapter! Beautifully located in the heartbeat of Highland Park's bustling creative culture, all three totally separate homes feature updated systems, thoughtful finishes and are brimming with their own unique / artistic character! Each cottage features a fully fenced in private yard or lounge space as well as its own laundry and parking area. The entire expansive property is connected by a long driveway and offers a phenomenally versatile setup for so many potential uses (future TIC conversion, live in one and rent the others, vacation rentals, family compound, creative work spaces etc). The sky truly is the limit for this extremely rare little village! The front home, a romantic 3-bed 1-bath Spanish cottage with hardwood floors, tons of original built-ins and drenched in cheerful natural light, will be delivered VACANT! It also has a super spacious fenced front yard w/ citrus trees, built-in seating areas plus a private back deck and lounge area; just the right amount of outdoor space for pets to roam, kids to play or sipping morning coffee in the sunshine! The middle cottage is a 3-bedroom, 1-bath charmer with hardwood floors, tons of light, an easy layout and a delightful open-concept kitchen. The adorable back unit with its cozy treehouse vibe is a 1-bed 1-bath tucked away above the garages and overlooks treetops, palm tree skylines and its own spacious fenced-in backyard at the rear of the property. There is also an abundance of extra usable space for possible future expansion. This rare compound in such a charming and rapidly appreciating location makes for an amazing opportunity! Perfect for someone looking to plant roots with strong growth potential in a prime location of one of NELA's hottest and most culturally rich neighborhoods.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,557 | 1,800 | 78% |
| Lot Size | 8,496 | 6,302 | 89% |
| Price | $1.75M | $925.0K | 89% |
| Price per sq ft | $684 | $565 | 78% |
| Built year | 1923 | 1923 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 8 | 152 | 11% |
Apr 14, 2026
$1,749,000
Initial Listing
May 8, 2020
$1,010,000
Public Record
Mar 14, 2011
$340,000
Public Record
Oct 16, 2006
$640,000
Public Record