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$ 749,000
Est. payment /mo
Active Under Contract
729 S Bernal Los Angeles, CA 90023
0.31 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID IG26112206
HOA Y/N No
Year Built 1942
Lot Size 0.306 Acres
Property Sub-Type Triplex
Property Description
This Boyle Heights triplex presents a rare and versatile investment opportunity with multiple paths for income growth and future development. The property is currently configured with a duplex at the front of the lot and a spacious detached unit at the rear, creating the perfect setup for an owner-occupant to live in the private back unit while generating rental income from the front units, both of which have been well maintained and upgraded over time. Investors also have the option to lease all three units and capitalize on strong rental upside with significant pro-forma potential and long-term ROI. Situated on an expansive 13,313 sq. ft. lot (approximately 0.3 acres) with desirable LARD1.5 zoning, the property offers exceptional redevelopment potential, allowing for up to 8 buildable units on the parcel (Buyer to verify all information). With larger multi-unit and multi-story developments already established along the same street, the groundwork for increased density and enhanced income potential has already been set. All three units feature 2 bedrooms and 1 bathroom, with separate gas and electric meters, as well as individual water heaters for each unit. The owner's unit includes a dedicated laundry room, while exterior laundry is available for the duplex units. Over the years, the property has seen various upgrades, including newer laminate flooring throughout, a newer roof on the rear owner's unit, and a remodeled bathroom in the detached unit. A long driveway running alongside and in front of the property provides ample parking for residents and guests alike. Conveniently located near major freeways and offering easy access to all parts of Los Angeles, this property combines immediate cash-flow opportunity with substantial long-term land value and redevelopment potential.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Interior
Fireplace No
Laundry Outside
Exterior
Pool None
Community Features Curbs
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Entry Level One
Sewer Public Sewer
Water Public
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5186016011
Acceptable Financing Submit
Listing Terms Submit
Special Listing Condition Standard
Listed by Jesus Laurean-Flores eXp Realty of Southern California 213-572-9867, DRE #02148204