FOR SALE: Charming 3-Unit Investment Property Near Koreatown, Los Angeles! An incredible opportunity to own a versatile triplex in the heart of Los Angeles! Located just minutes from vibrant Koreatown, this property is perfect for investors or owner-occupants looking for additional rental income. Property Highlights: - Unit 1: 1 Bed, 1 Bath – Cozy and bright with well-appointed finishes and a great layout. Expansive upstairs loft, offering versatile functionality as an additional bedroom or customizable living space to suit your needs. - Unit 2: 1 Bed, 1 Bath – Equally inviting, with plenty of natural light and modern touches. Expansive upstairs loft, offering versatile functionality as an additional bedroom or customizable living space to suit your needs. - Unit 3: 2 Bed, 1 Bath – Spacious unit, perfect for families or roommates, featuring an open living area and generous bedroom sizes. Added third room, thoughtfully designed to serve as an entertainment space or a comfortable guest retreat, offering flexibility to enhance your lifestyle. Each unit is thoughtfully designed with unique charm, providing both comfort and functionality. There’s potential to maximize rents while benefiting from an area that continues to thrive. Additional Features: - Prime location near restaurants, shopping, and public transportation. - On-site parking for tenants. - Well-maintained property with low-maintenance landscaping. Don’t miss out on this rare opportunity to own a multi-family property in one of LA’s most sought-after neighborhoods! Whether you're an investor looking for steady rental income or a buyer seeking a place to call home with supplemental income, this property checks all the boxes. Schedule a showing today!
Property Details
Property Features
Property Information:
Year Built: 1920
Stories: 2
Listing Office:
Office Name: Luxury Collective
Office Phone: (818) 335-3995
Listing Agent: Jack Kassabian
Interior Features
Interior Information:
Flooring Type: Laminate, Tile
Exterior Features
Exterior Information:
Private Pool: No
View: None
Lot Features
Lot Information:
Lot Size: 0.09 Acres
Utilities
Utilities Information:
Heating: Natural Gas
Cooling: None
Other
Directions Information:
Directions: 3rd and Hoover
Price Information
Listing Price Info
Price Summary:
List Price: $1,385,000
Tax Information:
Annual Amount: $8,935
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $363.4K more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #GD24236200
Listing Office:
Office Name: Luxury Collective
Office Phone: (818) 335-3995
Listing Agent: Jack Kassabian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/22/2024, 11:21:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 20, 2020
Oct 20, 2020Home Sold
$541,500
Jan 17, 2001
Jan 17, 2001Home Sold
$218,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$8,935
$730,000
2020
$3,811
$300,346
2019
$3,730
$294,458
2018
$3,654
$288,686
2017
$3,654
$283,027
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,980
Per Month
Principal & Interest
$6,913
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$4,219
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Charles White Elementary
2401 Wilshire Blvd
Distance between this listing and this school0.34 miles
Public District Grades 1-5
6
/10
Commonwealth Avenue Elementary School
215 S Commonwealth Ave
Distance between this listing and this school0.49 miles
Public District Grades 1-5
4
/10
MacArthur Park Elementary School
2300 W 7th St
Distance between this listing and this school0.55 miles
Public District Grades KG-5
Nearby Schools
5
/10
Citizens of the World Charter School Silver Lake
110 N Coronado St
Distance between this listing and this school0.39 miles
Public Charter Grades KG-8
6
/10
Equitas Academy 4
631 S Commonwealth Ave
Distance between this listing and this school0.45 miles
Public Charter Grades 5-8
6
/10
Rise Kohyang Middle School
3020 Wilshire Blvd Fl 2
Distance between this listing and this school0.49 miles
Public Charter Grades 6-8
Nearby Schools
9
/10
Rise Kohyang High School
600 S La Fayette Park Pl Fl 3
Distance between this listing and this school0.23 miles
Public Charter Grades 9-12
2
/10
Harold Mcalister High (Opportunity)
611 S Carondelet St
Distance between this listing and this school0.28 miles
Public District Grades 6-12
4
/10
New Village Girls Academy
147 N Occidental Blvd
Distance between this listing and this school0.42 miles
The neighbors living near this home have an average income of $22,128. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are single, no kids. The majority of residents in this area have high school diploma education.
This home is located at 352 S Benton Way in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This home, which was built in 1920, sits on a 0.09 acre lot. It has been listed on Rocket Homes since November 18, 2024 and is currently priced at $1,385,000.
Over 512 listings were sold over their listed price in November 2024 in Los Angeles, CA. In the same period over 657 listings were sold below the listed price and 177 listings were sold for the listed price. In November 2024 in Los Angeles, CA there were 0.6% less homes for sale than in October 2024. While the average time on the market in November 2024 was 38 days, the median list price was $1,021,532.
From Rocket Homes Real Estate and based on county public records data.