Downtown L.A. (C42) Homes with Triplex Subtype

Downtown L.A. (C42) Homes with Triplex Subtype

Welcome to Downtown Los Angeles (C42), a vibrant and dynamic urban hub that perfectly blends the pulse of city life with the charm of historic architecture. Nestled in the heart of Los Angeles County, this area is a melting pot of culture, art, and innovation, making it one of the most sought-after neighborhoods in Southern California.

Downtown L.A. is renowned for its iconic skyline, bustling streets, and a diverse array of dining, shopping, and entertainment options. From the trendy boutiques of the Arts District to the lively atmosphere of the Historic Core, there’s always something new to explore. The area is also home to cultural landmarks such as the Walt Disney Concert Hall, The Broad Museum, and the historic Olvera Street, offering residents a rich tapestry of experiences right at their doorstep.

For those looking for unique investment opportunities, the triplex homes in Downtown L.A. present an excellent option. These multifamily residences not only provide the perfect blend of comfort and convenience but also offer the potential for rental income, making them ideal for both homeowners and investors alike. With spacious layouts and modern amenities, triplex homes cater to a variety of lifestyles, whether you’re looking to occupy one unit and rent out the others or maximize your investment portfolio.

Living in Downtown L.A. means embracing a lifestyle filled with excitement and opportunity. With easy access to public transportation, major freeways, and the ever-evolving landscape of the city, your dream home awaits amidst the energy of this remarkable neighborhood. Discover the charm of triplex living in Downtown L.A. and be part of a community that’s as vibrant as it is welcoming!

Newest Downtown L.A. (C42) Homes with Triplex Subtype

$1,650,000
CV26097517 MLS Active Status
Multi-family property comprised of 11 units ideally located in in the heart of Los Angeles’ thriving Westlake neighborhood, just minutes from Downtown LA. Situated on a prominent corner at Linwood Avenue and Witmer Street, this property benefits from strong visibility and dual street frontage. As rental rates in surrounding areas continue to climb, Westlake has emerged as a natural overflow market, attracting tenants seeking proximity to employment centers, transit, and lifestyle amenities at a more attainable price point. This market trend supports consistent occupancy, minimal vacancy downtime, and the ability to capture rent increases upon tenant turnover, resulting in reliable collections and income stability. The property features a two-building configuration totaling 11 units, offering both stable in-place income and operational flexibility. The main structure is a two-story, 3,520 square foot apartment building comprised of 10 units (8 studios and 2 one-bedroom/one-bath units). Complementing the apartment building is a separate 1,342 square foot single-family residence (addressed as 741 Witmer St), configured for two tenants and featuring 4 bedrooms and 2.5 bathrooms, creating an additional income stream and unique value-add potential. Ideally situated, the property offers close proximity to major employment centers, public transportation, shopping, dining, entertainment venues, parks, and cultural institutions. The surrounding area continues to attract young professionals, students, and creatives, driving consistent rental demand and long-term growth. With an in-place cap rate of 6.36%, the asset delivers day-one cash flow, while presenting a clear path to increased returns through rental repositioning, light renovations, and optimized management. The property has been well-maintained over the years. The property’s layout and location also make it well-suited for both traditional and alternative rental strategies, including co-living or furnished rentals.

1317 Linwood Avenue, 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.