309 N Avenue 50, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath
309 N Avenue 50
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 309 N Avenue 50, Los Angeles, California 90042 is currently available with a list price of $1,400,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
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.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment & Immediate Cash Flow
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.
- Prime Highland Park Location
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.
- Extensive Recent Upgrades
The property boasts significant upgrades including new electrical, AC, and cabinetry, reducing immediate capital expenditure for a new owner and enhancing tenant appeal.
CONSRISKS & DEFICIENCIES
- Age of Property Structure
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.
- Unspecified Parking Availability
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.
- Potential Rent Control Implications
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.
About 309 N Avenue 50
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.
Property Details
Public Facts
- Property Type
- Triplex
- Year Built
- 1916
- Lot Size
- 4,503 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,162 | 2,092.5 | 50% |
| Lot Size | 4,503 | 6,635.5 | 13% |
| Price | $1.40M | $942.5K | 63% |
| Price per sq ft | $648 | $529 | 75% |
| Built year | 1916 | 1919 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 123 | 198 | 25% |
Pricing History
Listed for Sale
Nov 3, 2025
$1,400,000
Initial Listing
Sold
Feb 7, 2018
$1,060,000
Public Record
Sold
Jun 1, 2017
$580,000
Public Record
Sold
Mar 26, 2012
$259,000
Public Record
Sold
Apr 6, 2006
$529,000
Public Record
Sold
Feb 3, 2004
$338,000
Public Record
Sold
Nov 1, 2002
$226,000
Public Record