90048 Homes with Triplex Subtype

90048 Homes with Triplex Subtype

Welcome to the vibrant and eclectic neighborhood of 90048, nestled in the heart of Los Angeles, California. This zip code encompasses a dynamic blend of culture, style, and convenience, making it one of the most sought-after areas in the city. Known for its proximity to iconic attractions like the Sunset Strip and the bustling shops of Melrose Avenue, 90048 offers a lifestyle that is both lively and luxurious.

The area is characterized by stunning architecture, including a variety of homes with the triplex subtype. These unique properties provide an exceptional opportunity for both investors and homeowners alike. With three distinct living units, triplexes in 90048 can serve as a source of rental income or as a spacious family residence with the added benefit of guest accommodations. Imagine having the flexibility to live in one unit while renting out the others, all within a vibrant community that boasts a rich tapestry of dining, entertainment, and cultural experiences.

Residents of 90048 enjoy a diverse array of amenities, from trendy cafes and upscale boutiques to serene parks and art galleries. The neighborhood's walkability makes it easy to explore, while its central location ensures that you’re never far from the excitement of downtown Los Angeles or the scenic beauty of nearby attractions.

Whether you’re looking to invest in a triplex or find your dream home, 90048 offers a unique blend of opportunity and lifestyle that is hard to resist. Explore the possibilities and discover why this Los Angeles gem is the perfect place to call home!

Newest 90048 Homes with Triplex Subtype

110 S Kings Rd, Los Angeles
$2,475,000
SB26184097 MLS ⋅ Active Status
110 S. Kings Road — Rare Owner-User Townhome Investment with 6.34% Cap Rate, 12.59 GRM & Development Upside Offered at $2,475,000, the property is currently operating at an attractive 6.34% CAP Rate and 12.59 GRM—unusually strong metrics for a prime 90048 location. The property consists entirely of townhome-style units, with a unit mix of two 3-bedroom/2-bath residences and one 2-bedroom/2-bath residence. Most importantly for an owner-user, one of the 3-bedroom, 2-bath townhomes is currently vacant and available for immediate occupancy. A buyer can move directly into a substantial residence while collecting income from the other two townhome units. Strong Income Today — Significant Upside Tomorrow The property generates approximately $196,572 in annual scheduled gross income, producing approximately $156,849 of current NOI and the aforementioned 6.34% current CAP Rate. The Offering Memorandum projects approximately 49.56% rental upside, with pro forma income of approximately $294,000 annually. The property sits on an approximately 7,026-square-foot lot and is zoned LA R3, creating an additional layer of value beyond the existing income stream. The site also offers the potential to add three ADUs, creating an opportunity to significantly increase unit count, income and overall property value while retaining the existing townhome residences. Any ADU or redevelopment potential should be independently verified by the buyer with the City of Los Angeles and appropriate land-use professionals. A True Owner-User + Investment Opportunity 6.34% Current CAP Rate 12.59 Current GRM Three Townhome-Style Units Vacant 3-Bedroom / 2-Bath Townhome Massive 4,826 SF of Existing Building Area Approximately 7,026 SF Lot Potential for Three Additional ADUs Six On-Site Parking Spaces Located just moments from Beverly Hills, West Hollywood, The Grove, Original Farmers Market, Beverly Center, Cedars-Sinai, Melrose Avenue and some of Los Angeles’ premier dining and shopping, 110 S. Kings Road gives a buyer the ability to live in a spacious three-bedroom townhome, collect substantial rental income, and control a sizeable R3-zoned parcel with additional development upside. Live in one. Collect income from two. Potentially build three more. At a 6.34% CAP Rate and 12.59 GRM in the heart of 90048, this is a compelling combination of lifestyle, current cash flow and future upside.

110 S Kings Rd, Los Angeles
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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