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309 N Avenue 50, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

309 N Avenue 50, Los Angeles, California 90042 home-pic-0
ACTIVE$1,400,000
309 N Avenue 50, Los Angeles, California 90042
0Bed
0Bath
2,162Sqft
4,503Lot
Year Built
1916
Close
-
List price
$1.4M
Original List price
$1.4M
Price/Sqft
$648
HOA
-
Days on market
-
Sold On
-
MLS number
AR25252719
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.40M(62th), sqft - 2162(62th), beds - undefined(50th), baths - undefined(50th).

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.

Price History

Date
Event
Price
11/03/25
Listing
$1,400,000
02/07/18
Sold
$1,060,000
06/01/17
Sold
$580,000
03/26/12
Sold
$259,000
04/06/06
Sold
$529,000
02/03/04
Sold
$338,000
11/01/02
Sold
$226,000
Condition Rating
Excellent
Despite being built in 1916, this triplex has undergone a comprehensive and recent renovation, as explicitly stated in the description ('new electrical, AC, cabinetry') and visually confirmed by the images. The kitchens feature modern white shaker cabinets, stainless steel appliances, and subway tile backsplashes. Bathrooms are fully updated with contemporary vanities, large-format grey tiling, and glass shower enclosures. All units showcase consistent LVP/laminate flooring, recessed lighting, and modern mini-split AC units, indicating that all major interior components and systems are new or virtually new and meet current quality standards.
Pros & Cons

Pros

Turnkey Investment & Immediate Cash Flow: This renovated triplex is presented as a rare turnkey investment opportunity, ideal for immediate cash flow due to significant upgrades and all newer tenants paying market rents, eliminating relocation or holdover issues.
Prime Highland Park Location: Situated in the established and desirable Highland Park rental market, the property offers excellent access to Figueroa St, the Metro Gold Line, bustling local amenities, and easy commutes to Pasadena, Eagle Rock, Echo Park, and DTLA.
Extensive Recent Upgrades: The property boasts significant upgrades including new electrical, AC, and cabinetry, reducing immediate capital expenditure for a new owner and enhancing tenant appeal.
Desirable Tenant Amenities: The property features a great mix of one and two-bedroom units, with each unit benefiting from its own private outdoor courtyard area, a highly sought-after amenity for urban tenants.
Strong Market & Appreciation Potential: Highland Park's continued development and consistently high rental demand position this property well to capitalize on future appreciation and provide stable passive income.

Cons

Age of Property Structure: Despite significant renovations, the property was built in 1916, which may imply potential for unforeseen long-term structural or systemic maintenance issues not covered by recent upgrades, or higher insurance premiums.
Unspecified Parking Availability: The property description does not specify parking arrangements for tenants, which can be a significant drawback and point of contention in a dense urban area like Highland Park.
Potential Rent Control Implications: As an older multi-unit property in Los Angeles, it is highly likely to be subject to local rent control ordinances, which could limit future rent increases and impact long-term investment returns.

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