Active

427 N Avenue 52

Los Angeles, CA 90042

$1,325,000 $5,586/Mo

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Overview

Bed

Bath

1,910

Sqft

7,380

Sqft(Lot)

Description

Turnkey income-producing triplex in one of Northeast Los Angeles' most desirable rental markets. Located in the heart of Highland Park, this updated property generates $7,585 per month in current gross income ($91,020 annually) with upside to approximately $98,400 in annual market rents. The property consists of a studio unit, a 2-bedroom/1-bath unit, and a spacious 2-bedroom/2-bath unit. All three units have been extensively remodeled and feature custom-colored cabinetry, quartz countertops, luxury vinyl plank flooring, recessed lighting, stainless steel appliances, and energy-efficient mini-split heating and air conditioning systems. Each unit also includes its own laundry facilities, providing added convenience and tenant appeal. Situated on a large lot with favorable zoning and future ADU development potential (buyer to verify), the property offers both strong in-place cash flow and long-term value-add opportunities. A former garage has been converted to a carport parking space. Ideally positioned near York Boulevard, Figueroa Street, Pasadena, Downtown Los Angeles, Occidental College, and major transportation corridors, residents enjoy convenient access to Highland Park's renowned dining, coffee shops, nightlife, and cultural attractions. At the asking price, the property offers an approximate 6.24% current cap rate and 14.56 GRM based on existing rents, making it an attractive opportunity for investors, 1031 exchange buyers, and owner-users seeking long-term appreciation in one of Los Angeles' strongest rental submarkets. Please do not disturb tenants. Drive-by only. Offers subject to interior inspection. Buyer to independently verify all information, including zoning, development potential, rents, expenses, and square footage.

Property Details

Property Type : Residential Income

Price : $1,325,000

AD Id : 84978474

MLS Id : 26847581

Beds : 4

Lot Size : 7,380 Sqft

Living Area Size : 1,910

Year Built : 1917

County : Los Angeles

Map

What's Nearby

Nearby Areas

Features

Bedroom Information

Total Bedrooms: 4

Bathroom Information

Total Baths: 4 Full Baths: 0 Half Baths: 0
Interior Features

Roof: Composition Property Appliances: Dishwasher,Refrigerator Fireplace: None
Heating Source

Wall Furnace Has Heating

Fireplace

Fireplace Features: None Has Fireplace: 0

Building Information

Year Built: 1917 Building Area Total: 1,910 Roof: Composition
Security Features

Gated Community
Laundry Features

Inside

Patio And Porch

Front Porch

Lot Details

Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1694
Lot Size Source: Vendor Enhanced Lot Size Square Feet: 7380

Listing Price Information

Original List Price: 1,325,000 Listing Contract Date: 2026-06-15
Lease Information

Listing Agreement: Exclusive Right To Sell

Tax Information

Parcel Number: 5469017025

Garage and Parking

Garage Description: Carport,On Street

Homeowners Association

Other Property Info

Source Listing Status: Active Source Neighborhood: 632 - Highland Park Directions: FROM 110 EXIT AVENUE 43, RIGHT ON N FIGUEROA ST, LEFT ON AVENUE 52. FROM 2 FREEWAY EXIT VERDUGO RD, GO SOUTH, LEFT ON EAGLE ROCK, RIGHT ON EL PASO DRIVE, LEFT ON ALDAMA ST, RIGHT ON AVENUE 52. Zoning: LAR1 Source Property Type: Residential Income Area: 632 - Highland Park
Building and Construction

Property Age: 109 Property Condition: Updated/Remodeled Year Built Source: Vendor Enhanced Total Square Feet Living: 1910 Levels or Stories: Multi/Split

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
Stoll Drive, Los Angeles, CA, 90042	$1,199,999	4	3	1,586	1,586 SqFt
923 Larker Avenue, Los Angeles, CA, 90042	$1,529,000	3	2	1,722	1,722 SqFt
912 Adelante, Los Angeles, CA, 90042	$1,428,000	3	2	1,530	1,530 SqFt
1029 N Staley Lane, Los Angeles, CA, 90042	$2,179,000	4	3	2,977	2,977 SqFt
712 1/2 N Chestnut Ave, Los Angeles, CA, 90042	$1,299,000	4	4	1,957	1,957 SqFt
943 N Avenue 66, Los Angeles, CA, 90042	$1,929,000	4	3	2,899	2,899 SqFt
969 N Staley, Los Angeles, CA, 90042	$2,220,000	4	3	3,150	3,150 SqFt
829 Cooper Ave, Los Angeles, CA, 90042	$1,590,000	6	3	2,457	2,457 SqFt
932 N Avenue 65, Los Angeles, CA, 90042	$1,795,000	5	2	2,906	2,906 SqFt
6720 Ferrara Street, Los Angeles, CA, 90042	$1,148,000	6	--	2,454	2,454 SqFt

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ByOwner last updated this listing 06/18/2026 @ 02:24

MLS: 26847581 LISTED BY: Ruben Davis, Ruben Davis 818-960-3600 SOURCE: CRMLS