309 N Avenue 50, Los Angeles, CA — listing photo 1
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FOR SALE

309 N Avenue 50

Los Angeles, CA 90042
4,503 Lot Sq Ft
Built 1916
$1,390,000
Price ReducedWas $1,400,000 — $1,390,000 (-$10,000)

Property 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 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.

Home Details

Property type
Residential Income - Triplex
Year built
1916
Lot size
4,503 sq ft
Parking
1 spaces
Stories
1
Days on market
302
MLS status
Active

Features & Amenities

Parking

  • Assigned

Pool

  • None

Lot

  • Zero To One Unit Acre

Community, Schools & Utilities

Utilities

Water
Public
Sewer
PublicSewer
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Location & Neighborhood

309 N Avenue 50

Los Angeles, CA 90042

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Frequently Asked Questions About 309 N Avenue 50

Property type: Residential Income

The current asking price is $1,390,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.
Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 309 N Avenue 50. Our team will confirm availability and timing.
This property offers the living space reported in the listing. It was built in 1916. Review the listing details and disclosures, then independently verify material features before making a decision.
The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.
Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.
The MLS currently reports the property as Active. It has been listed for 302 days. Status can change, so verify availability before relying on it.

What clients say

“Reza was the best agent we have ever worked with.”Russell & Susan McQueen

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Listing Agent

Name: Alan Lu
MLS ID: AR39599

Available property

$1,390,000

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Data provided by California Regional Multiple Listing Service, Inc. ("CRMLS"). Information is for viewer's personal, non-commercial use. All data should be independently verified for accuracy.