309 N Avenue 50, Los Angeles, California 90042, Los Angeles, 90042 - 0 bed, 0 bath
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Los Angeles, California 90042
This Turnkey Multi-Family Asset is listed at $1,400,000, representing a stable acquisition positioned near its $1,346,837 Fair Market Value. Boasting a Value 2 Condition Rating, the property features a comprehensive renovation including new electrical, AC, and modern cabinetry across all three units. Each residence enjoys a private outdoor courtyard, a premium amenity that sustains the high rental demand in Highland Park. Located steps from the Metro Gold Line, this property offers immediate cash flow with market-rate tenants. It is a premier choice for Buy-and-Hold Investors or Owner-Occupants seeking a high-quality house-hack.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 309 N Avenue 50 Subject | $1,400,000* List Price | 0 | 0 | 2,162 | $623 | - |
A 6119 Piedmont Avenue Active | $1,400,000 List Price | 4 | 3 | 2,041 | $686 | 1.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1916, this triplex has undergone a comprehensive and recent renovation, as explicitly stated in the description ('new electrical, AC, cabinetry') and visually confirmed by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, and subway tile backsplashes. Bathrooms are fully updated with contemporary vanities, large-format grey tiling, and glass shower enclosures. All units showcase consistent LVP/laminate flooring, recessed lighting, and modern mini-split AC units, indicating that all major interior components and systems are new or virtually new and meet current quality standards.
This renovated triplex is presented as a rare turnkey investment opportunity, ideal for immediate cash flow due to significant upgrades and all newer tenants paying market rents, eliminating relocation or holdover issues.
Situated in the established and desirable Highland Park rental market, the property offers excellent access to Figueroa St, the Metro Gold Line, bustling local amenities, and easy commutes to Pasadena, Eagle Rock, Echo Park, and DTLA.
The property boasts significant upgrades including new electrical, AC, and cabinetry, reducing immediate capital expenditure for a new owner and enhancing tenant appeal.
Despite significant renovations, the property was built in 1916, which may imply potential for unforeseen long-term structural or systemic maintenance issues not covered by recent upgrades, or higher insurance premiums.
The property description does not specify parking arrangements for tenants, which can be a significant drawback and point of contention in a dense urban area like Highland Park.
As an older multi-unit property in Los Angeles, it is highly likely to be subject to local rent control ordinances, which could limit future rent increases and impact long-term investment returns.
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.
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 | 2,162 | 1,800 | 67% |
| Lot Size | 4,503 | 5,025 | 22% |
| Price | $1.40M | $925.0K | 78% |
| Price per sq ft | $648 | $565 | 78% |
| Built year | 1916 | 1922 | 44% |
| HOA | $0 | $0 | 50% |
| Days on market | 170 | 170 | 56% |
Nov 3, 2025
$1,400,000
Initial Listing
Feb 7, 2018
$1,060,000
Public Record
Jun 1, 2017
$580,000
Public Record
Mar 26, 2012
$259,000
Public Record
Apr 6, 2006
$529,000
Public Record
Feb 3, 2004
$338,000
Public Record
Nov 1, 2002
$226,000
Public Record