Beverly Center-Miracle Mile (C19) Homes with Triplex Subtype

Welcome to the vibrant Beverly Center-Miracle Mile area of Los Angeles, California! Nestled in the heart of one of the city’s most dynamic neighborhoods, this region is a perfect blend of culture, convenience, and community. Known for its eclectic mix of art galleries, trendy boutiques, and world-class dining options, Beverly Center-Miracle Mile offers a lifestyle that is both luxurious and lively. With attractions like the Los Angeles County Museum of Art (LACMA) and the iconic La Brea Tar Pits just a stone’s throw away, residents are never far from cultural enrichment and entertainment.

For those considering a home in this desirable area, triplex properties present an exciting opportunity. These multi-family homes not only provide the potential for rental income but also offer ample living space for families or groups. Imagine owning a triplex where you can enjoy the benefits of urban living while having the flexibility to accommodate guests or generate additional revenue. Each unit can be customized to reflect your personal style, creating a harmonious blend of comfort and sophistication.

The Beverly Center-Miracle Mile area is also known for its walkability, making it easy to explore the local shops and eateries. With nearby parks and green spaces, residents can enjoy outdoor leisure activities amidst the urban landscape. Whether you’re a first-time homebuyer or an experienced investor, the triplex homes in this region offer a unique chance to be part of a thriving community in one of Los Angeles’ most sought-after locales. Embrace the lifestyle that Beverly Center-Miracle Mile has to offer and make this vibrant neighborhood your new home!

Newest Beverly Center-Miracle Mile (C19) Homes with Triplex Subtype

$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

$1,595,000

SW26091311 MLS ⋅ Active Status

House-hack this Mid-City Spanish triplex: live in one, rent two Seller financing may be available, subject to seller approval, buyer qualification, and mutually acceptable terms. Cash and conventional financing are also welcome. Three legal units on a quiet corner near Miracle Mile, including a 2023 ADU, with recently remodeled kitchens, bathrooms, and finishes throughout. The two larger units offer the privacy of individual homes, each with yard access on three sides. The approximately 1,800-square-foot main unit features three bedrooms and two bathrooms. The two tenant-occupied units currently produce approximately 13,000 per month. Buyer to independently verify rents, expenses, permits, square footage, and unit information. Conveniently located near Beverly Hills, Culver City, Downtown Los Angeles, and West Hollywood.

5351 Packard Street, 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.