List Price: $1.09M

Listing Status: Active

Days on Market: 0

4 Bedrooms · 3 Bathrooms · 2,004 sq ft

Property Type: ResidentialIncome

Year Built: 1922

Lot Size: 7,255 sq ft

Garage Spaces: 3

Private Pool: Yes

MLS Number: 26849181

About This Property

RARE ADAMS DISTRICT/JEFFERSON PARK PRIDE OF OWNERSHIP TRIPLEX! FIRST TIME ON THE MARKET IN OVER 75 YEARS! EXCELLENT INCOME POTENTIAL WITH FUTURE UPSIDE! Rare opportunity to own a charming and well-maintained triplex in the highly sought-after Adams District. Originally built as a single-family residence, this unique property offers a desirable front house address 2531featuring 2 bedrooms and 1 bath, complemented by two additional 1-bedroom 1-bath units that were later added on top of the home, creating an ideal owner-user and investment opportunity. The spacious front home residence showcases original character and timeless charm, featuring hardwood floors, crown moldings, substantial baseboards. The welcoming living room with built-in shelves, offers a decorative fireplace, and flows seamlessly into the large formal dining room with large storage closet. A generous kitchen featuring granite countertops, double stainless steel sinks, and ample wood cabinet space. A full bathroom, with tub and separate shower stall. A separate laundry room provides added convenience and leads to a rear entrance that opens directly to the backyard and parking area with 3 garages and patio area. All three units are extremely lovely with its own character and offer attractive granite countertops and have been lovingly maintained throughout the years, reflecting true pride of ownership. Up stairs are both 1 bedrooms 1 bath units. 2531 1/4 bright upper front unit, overlooks the front of the building, walk into the large bedroom, with mirrored sliding closet doors, living room with window A/C unit, bathroom and kitchen. Unit 2531 1/2, upstairs unit is also charming with living room, bedroom, kitchen and bathroom. The property features a concrete backyard, a long driveway leading to a three-car garage, and abundant on site space for multiple vehicles parking, and also off-street parking. Situated in a high-demand rental area with strong tenant demand and steady growth, this income-producing property offers excellent upside potential for investors seeking a value-add opportunity. The location is centrally positioned near the Metro Expo Line, major freeways, shopping, dining, Downtown Los Angeles entertainment, and making it attractive to both tenants and owner-occupants alike. All three units are currently occupied, providing immediate rental income. Whether you're looking to live in one unit while generating income from the others, expand your investment portfolio, or explore future development possibilities, this property presents a rare opportunity in one of Los Angeles' most desirable and steadily appreciating neighborhoods. Properties of this caliber and ownership history seldom become available. A must-see property with character, income, parking, and tremendous future potential! Buyer is advised to independently verify the accuracy of all information, including but not limited to square footage, lot size, permits, zoning, room count, unit count, property condition, occupancy status, and development potential. Information provided is deemed reliable but is not guaranteed. Buyer shall rely solely on their own investigations of appropriate licensed professionals. Seller and Brokers make no representations or warranties, express or implied, as to the accuracy of any information regarding the property.