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

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

Welcome to the vibrant heart of Downtown Los Angeles (C42), a dynamic region that perfectly blends urban sophistication with eclectic charm. Nestled in the bustling city of Los Angeles, this area is a hub of culture, entertainment, and innovation, making it one of the most sought-after locations in California.

Downtown L.A. is a melting pot of diverse neighborhoods, each offering its own unique flair—from the historic architecture of the Arts District to the modern high-rises of the Financial District. Residents enjoy easy access to a plethora of dining options, trendy cafes, and world-class entertainment venues, including the iconic Walt Disney Concert Hall and the bustling Grand Central Market. With an ever-growing arts scene and numerous parks, including the scenic Pershing Square, Downtown L.A. is a vibrant community that caters to all lifestyles.

For those looking to invest in real estate, the triplex homes in this area present an incredible opportunity. These multi-family residences not only offer the potential for rental income but also provide a unique living experience. Imagine owning a charming triplex where you can live in one unit while renting out the others, all within a neighborhood that boasts convenience and culture at your doorstep.

With the Los Angeles skyline as your backdrop and a community that thrives on creativity and connection, Downtown L.A. is more than just a place to live—it's a lifestyle. Explore the triplex homes available in this exciting region and discover the perfect blend of comfort, opportunity, and urban living. Your dream home awaits in the heart of L.A.!

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.