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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
Listed by Alan Lu CA DRE# 01514595 with ALTC Realty 626-378-8007

Overview

Active

Listed Nov 3, 2025

Updated 3 weeks ago

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
MLS provider logo

Listed by Alan Lu CA DRE# 01514595 with ALTC Realty 626-378-8007

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 9/9/2026. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

©2026 California Regional Multiple Listing Service (CRMLS) all rights reserved.

Data last updated on 9/9/2026 at 11:45 PM UTC Last Checked: 11:45 PM UTC

 

 

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