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

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

Welcome to the vibrant Beverly Center-Miracle Mile neighborhood, an enchanting gem nestled in the heart of Los Angeles, California. Known for its eclectic mix of culture, art, and modern living, this area is a true testament to the city’s dynamic lifestyle. With its proximity to world-renowned museums, upscale shopping, and gourmet dining, residents enjoy a rich tapestry of experiences right at their doorstep.

One of the standout features of this region is the unique housing options available, particularly homes with a triplex subtype. These multi-family residences offer a fantastic opportunity for both investors and families seeking versatility in their living arrangements. Imagine the potential of owning a triplex in this bustling neighborhood, where you can live in one unit while generating rental income from the others. This not only provides financial benefits but also fosters a sense of community, as you share your space with neighbors who can become lifelong friends.

Beverly Center-Miracle Mile is not just about convenience; it’s about lifestyle. Enjoy leisurely strolls through tree-lined streets, explore the latest exhibitions at the Los Angeles County Museum of Art (LACMA), or indulge in retail therapy at the iconic Beverly Center. With a vibrant arts scene, diverse culinary offerings, and a strong sense of community spirit, this area is perfect for those looking to embrace the Los Angeles lifestyle.

Whether you’re a first-time homebuyer, seasoned investor, or someone looking to downsize, the triplex homes in Beverly Center-Miracle Mile offer a unique blend of opportunity and charm. Discover your next home in this captivating neighborhood, where every day feels like an adventure waiting to unfold.

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

110 S Kings Rd, Los Angeles
$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
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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.

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