$1,400,000
309 N Avenue 50, Los Angeles CA 90042
Multi-Family (Triplex)
Property type
225 days
On market
$648
Price per sqft
0 cars
Garage
1916
Year built
4,503 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Alan Lu DRE #01514595, ALTC Realty
Listing updated: Nov 4, 2025 at 02:15pm.
Last checked: Jun 13, 2026 at 04:00pm
Source: CRMLS #AR25252719
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,725 | $1,725 | $1,725 | Unfurnished |
| 1 | 2 | 1 | — | $2,675 | $2,675 | $2,675 | Unfurnished |
| 1 | 2 | 1 | — | $3,080 | $3,080 | $3,080 | Unfurnished |
# of Buildings: 1
# of Units Total: 3
Separate Electric Meters: 3
Separate Gas Meters: 3
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 3
Total Actual Rent: $7,487
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
15.6x
List Price / Annual Gross Rent
Cap Rate
5.13%
NOI / List Price
Gross Scheduled Income: $89,844
Operating Expense: $17,968
Net Operating Income: $71,875
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $2,000
Trash: $0
Water / Sewer: $2,000
Interior
Laundry: Washer Hookup, Gas Dryer Hookup
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 1
Levels: One
Common Walls: Two Common Walls Or More
Lot Features: Zero To One Unit Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Parking: Assigned
Garage Spaces: 0
Uncovered Spaces: 1
Parking Total: 1
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 5469012016
Additional Parcels: No
Tax Lot: 14
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Urban