Mid-Wilshire (C17) Homes with Triplex Subtype

Mid-Wilshire (C17) Homes with Triplex Subtype

Welcome to Mid-Wilshire (C17), a vibrant and diverse neighborhood nestled in the heart of Los Angeles, California. Known for its rich cultural tapestry and bustling urban lifestyle, Mid-Wilshire is a prime location for those seeking a dynamic community that seamlessly blends residential charm with metropolitan excitement. This area is home to an array of cultural landmarks, including the iconic Los Angeles County Museum of Art (LACMA) and the historic Wilshire Boulevard, making it a hub for art enthusiasts and history buffs alike.

One of the standout features of Mid-Wilshire is its unique housing options, particularly the charming triplex homes that offer a blend of comfort and investment potential. Triplex properties are a fantastic choice for those looking to maximize their living space while enjoying the benefits of rental income. Each unit typically boasts its own entrance, providing privacy and independence for residents, while the shared property allows for a sense of community.

These triplex homes often feature modern amenities and spacious layouts, catering to families, young professionals, and investors alike. With the area's proximity to major employment centers, public transportation, and an eclectic mix of dining and shopping options, living in a triplex in Mid-Wilshire means you’re not just purchasing a home; you’re investing in a lifestyle.

Whether you’re looking to reside in one unit and rent out the others or seeking a multi-family investment opportunity, Mid-Wilshire's triplex homes present a unique chance to immerse yourself in one of Los Angeles' most sought-after neighborhoods. Come explore the possibilities that await in this thriving community!

Newest Mid-Wilshire (C17) Homes with Triplex Subtype

211 N Serrano, Los Angeles
$1,200,000
GD26236164 MLS ⋅ Active Status
We are pleased to present 209–211 N. Serrano Avenue, an attractive, 100% occupied triplex investment opportunity situated in a desirable residential pocket of Central Los Angeles. The property offers an appealing combination of immediate cash flow, newer construction, and rental upside in a well-established neighborhood. Situated on a 6,564-square-foot lot, the property consists of a charming original 1919 front residence and a newly constructed two-story rear building, which received its Certificate of Occupancy in July 2024. The three residential units comprise approximately 2,749 square feet of living area, featuring a total of five bedrooms and five bathrooms. The property blends the architectural character of a traditional Los Angeles residence with the advantages of modern residential construction. Currently generating $95,160 in annual scheduled rental income, the property offers an estimated 5.68% current capitalization rate, with projected market rents supporting a 6.34% pro forma capitalization rate and approximately 8.4% potential rental income growth, based on the stated operating assumptions. The property is conveniently located near Larchmont Village, Hancock Park, Koreatown, and Hollywood, offering residents easy access to popular restaurants, cafés, shopping, entertainment, and major employment centers. The surrounding neighborhood features a blend of charming historic homes, established multifamily properties, and newer residential developments, providing an attractive residential setting with excellent urban accessibility. With its 2024 rear construction, established tenancy, strong in-place income, and potential for future rental growth, 209–211 N. Serrano Avenue presents a compelling opportunity for investors seeking a well-located residential income property with both immediate returns and long-term investment potential.

211 N Serrano, 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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