427 N Avenue 52, Los Angeles, CA 90042
427 N Avenue 52, Los Angeles, CA 90042
427 N Avenue 52, Los Angeles, CA 90042
35
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$1,325,000
Est. payment /mo
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4 Beds
4 Baths
1,910 SqFt
New

427 N Avenue 52 Los Angeles, CA 90042

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Jasmin Conner

Jasmin Conner

+1(310) 628-4801

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,910 sqft

Price per Sqft $693

MLS Listing ID 26847581

Style Farm House

Bedrooms 4

Construction Status Updated/Remodeled

Year Built 1917

Lot Size 7,380 Sqft

Acres 0.1694

Property Sub-Type Multi-Family

Property Description

Turnkey income-producing triplex in one of Northeast Los Angeles' most desirable rental markets. Located in the heart of Highland Park, this updated property generates $7,585 per month in current gross income ($91,020 annually) with upside to approximately $98,400 in annual market rents. The property consists of a studio unit, a 2-bedroom/1-bath unit, and a spacious 2-bedroom/2-bath unit. All three units have been extensively remodeled and feature custom-colored cabinetry, quartz countertops, luxury vinyl plank flooring, recessed lighting, stainless steel appliances, and energy-efficient mini-split heating and air conditioning systems. Each unit also includes its own laundry facilities, providing added convenience and tenant appeal. Situated on a large lot with favorable zoning and future ADU development potential (buyer to verify), the property offers both strong in-place cash flow and long-term value-add opportunities. A former garage has been converted to a carport parking space. Ideally positioned near York Boulevard, Figueroa Street, Pasadena, Downtown Los Angeles, Occidental College, and major transportation corridors, residents enjoy convenient access to Highland Park's renowned dining, coffee shops, nightlife, and cultural attractions. At the asking price, the property offers an approximate 6.24% current cap rate and 14.56 GRM based on existing rents, making it an attractive opportunity for investors, 1031 exchange buyers, and owner-users seeking long-term appreciation in one of Los Angeles' strongest rental submarkets. Please do not disturb tenants. Drive-by only. Offers subject to interior inspection. Buyer to independently verify all information, including zoning, development potential, rents, expenses, and square footage.

Location

State CA

County Los Angeles

Area Highland Park

Zoning LAR1

Rooms

Other Rooms None

Kitchen Quartz Counters

Interior

Heating Wall

Cooling Wall Unit(s)

Flooring Vinyl Plank

Fireplaces Type None

Equipment Range/Oven, Refrigerator, Dishwasher

Laundry Inside, In Unit

Exterior

Parking Features On street, Carport

Garage Spaces 1.0

Waterfront Description None

View Y/N Yes

View Skyline

Roof Type Composition

Building

Architectural Style Farm House

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Ruben Davis

NEARBY SCHOOL & BUSINESS

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427 N Avenue 52