729 S Bernal Ave, Los Angeles, CA 90023

$869,000

6 bd | 3 ba | 2,250 sqft

This 3-unit Boyle Heights triplex provides an exciting investment opportunity, with multiple avenues for growth and development. Currently configured as a duplex at the front of the lot with a larger, stand-alone unit towards the rear, the current utility allows for an owner-occupant to rent out the front units (which have been upgraded & maintained), while residing in the spacious and private detached unit behind. Or, an investor can rent out all 3 units with plenty of pro-forma room for market rent increases and ROI. Alternatively, with the property's massive 13,313sqft. / .3 acre lot size, combined with LARD1.5 zoning, allows for up to 8 buildable units to be developed on this parcel of land. With larger multi-unit and multi-story properties present on this same street, the precedent for re-development of the land to provide for greater density and income potential has been established (Buyer to verify all information). All 3 units are 2 bed / 1 bath. Separate gas and electric meters, and separate water heaters, are present for each unit. The owner's unit has a large laundry room, and outside laundry is provided for the duplex. Various upgrades have been completed at varying points in history, including newer laminate flooring in all units, a newer roof on the owner's unit, a remodeled bathroom in the owner's unit, etc. A deep driveway running alongside and in front of the duplex provides plenty of parking for all residents. Centrally located, freeway close, and accessible to all of Los Angeles, many will recognize the amazing opportunity this triplex provides for not only a great ROI, but for its future potential and value in the land itself.