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2,162 sqft

$1,390,000

309 N Avenue 50, Los Angeles CA, 90042

Price per sqft$642.92
Built in1916
Property size2,162 sqft
Property typeMulti-family

Overview

Active

Listed Sep 7, 2026

Updated Sep 9

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.

$9,248/mo

Est. mortgage payment based on a $1,390,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
AR25252719

Interior Features

Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

55+/Senior Community
No

Listed by Alan Lu, ALTC Realty, CA DRE 01514595

Listing Contact: 626-378-8007 

Based on information from the CRISNet MLS as of 9/9/2026, 4:50 PM UTC. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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