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Key Details
Sold Price $870,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 3,348 sqft
Price per Sqft $259
MLS Listing ID OC-25222143
Year Built 1983
Lot Size 8,052 Sqft
Property Sub-Type Triplex
Property Description
Exceptional triplex opportunity featuring three distinct 2-bedroom, 1.5-bathroom townhome-style units, each with two-story layouts, private detached garages, and in-unit laundry. This well-maintained property offers versatile living arrangements with separate entrances and individual utility meters, currently configured as a single residence with flexible conversion potential for investors or owner-occupants.
Each unit provides approximately 1116sqft of living space with modern amenities and private outdoor areas. The property's thoughtful design allows for multiple use scenarios, from owner-occupied with rental income to full investment conversion. Located on Randolph Street along the planned Rail to River Corridor active transportation route, the property benefits from proximity to public transportation, schools, shopping, and parks, with the Metro A Line corridor connection anticipated for 2027 completion.
The triplex configuration presents strong income potential with market rental rates for comparable 2-bedroom, 1.5-bathroom units ranging from $2,300 to $2,500 per month. With three separate living spaces under one roof, the property offers an excellent opportunity for investors seeking multi-unit assets or buyers desiring flexible living arrangements in a growing Southeast LA location. Easy access to Downtown Los Angeles and major freeways enhances both livability and long-term value appreciation potential.
Property features include private garages for each unit, in-unit washer/dryer hookups, two-story floor plans, and separate utility metering. 8052sqft lot. Prime location in an evolving community with expanding transportation infrastructure and amenities. This property qualifies for a $20,000 Grant program with no PMI.
Location
State CA
County Los Angeles
Interior
Flooring Carpet, Laminate, Vinyl
Laundry Gas & Electric Dryer Hookup, Inside, Washer Hookup
Exterior
Parking Features Garage Faces Rear, Private, Other
Garage Spaces 5.0
Pool None
Community Features Biking, Dog Park, Park, Sidewalks, Storm Drains, Street Lights
Utilities Available Sewer Connected, Water Connected, Cable Connected, Electricity Connected, Natural Gas Connected
View Y/N No
View None
Building
Lot Description Level, Near Public Transit, Park Nearby
Sewer Public Sewer
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