Beverly Center-Miracle Mile (C19) Homes with Triplex Subtype

Welcome to the vibrant and eclectic neighborhood of Beverly Center-Miracle Mile, nestled in the heart of Los Angeles, California. This dynamic area is a perfect blend of urban sophistication and cultural richness, making it one of the most sought-after locations in the city. Known for its iconic landmarks, including the renowned Los Angeles County Museum of Art (LACMA) and the bustling Beverly Center shopping mall, residents enjoy a lifestyle filled with art, fashion, and culinary delights.

Beverly Center-Miracle Mile boasts a diverse array of architectural styles, and among the unique offerings are homes with a triplex subtype. These multi-family residences provide an exceptional opportunity for both investors and homeowners alike. Imagine living in a beautifully designed triplex where you can occupy one unit while renting out the others, creating a steady stream of income. The flexibility of a triplex allows for multi-generational living, making it ideal for families seeking proximity while maintaining their own space.

The neighborhood is well-connected, with easy access to public transportation and major thoroughfares, ensuring that the vibrant energy of downtown Los Angeles is just a short drive away. Residents can enjoy leisurely strolls through tree-lined streets, discovering local boutiques, trendy cafes, and art galleries that contribute to the area's charm.

Whether you are looking to invest in a triplex or find your dream home in this lively community, Beverly Center-Miracle Mile offers an unparalleled lifestyle filled with opportunities and experiences. Embrace the essence of Los Angeles living in this delightful neighborhood!

Newest Beverly Center-Miracle Mile (C19) Homes with Triplex Subtype

$2,475,000

SB26184097 MLS ⋅ Active Status

110 S. Kings Road — Rare Owner-User Townhome Investment with 6.34% Cap Rate, 12.59 GRM & Development Upside Offered at $2,475,000, the property is currently operating at an attractive 6.34% CAP Rate and 12.59 GRM—unusually strong metrics for a prime 90048 location. The property consists entirely of townhome-style units, with a unit mix of two 3-bedroom/2-bath residences and one 2-bedroom/2-bath residence. Most importantly for an owner-user, one of the 3-bedroom, 2-bath townhomes is currently vacant and available for immediate occupancy. A buyer can move directly into a substantial residence while collecting income from the other two townhome units. Strong Income Today — Significant Upside Tomorrow The property generates approximately $196,572 in annual scheduled gross income, producing approximately $156,849 of current NOI and the aforementioned 6.34% current CAP Rate. The Offering Memorandum projects approximately 49.56% rental upside, with pro forma income of approximately $294,000 annually. The property sits on an approximately 7,026-square-foot lot and is zoned LA R3, creating an additional layer of value beyond the existing income stream. The site also offers the potential to add three ADUs, creating an opportunity to significantly increase unit count, income and overall property value while retaining the existing townhome residences. Any ADU or redevelopment potential should be independently verified by the buyer with the City of Los Angeles and appropriate land-use professionals. A True Owner-User + Investment Opportunity 6.34% Current CAP Rate 12.59 Current GRM Three Townhome-Style Units Vacant 3-Bedroom / 2-Bath Townhome Massive 4,826 SF of Existing Building Area Approximately 7,026 SF Lot Potential for Three Additional ADUs Six On-Site Parking Spaces Located just moments from Beverly Hills, West Hollywood, The Grove, Original Farmers Market, Beverly Center, Cedars-Sinai, Melrose Avenue and some of Los Angeles’ premier dining and shopping, 110 S. Kings Road gives a buyer the ability to live in a spacious three-bedroom townhome, collect substantial rental income, and control a sizeable R3-zoned parcel with additional development upside. Live in one. Collect income from two. Potentially build three more. At a 6.34% CAP Rate and 12.59 GRM in the heart of 90048, this is a compelling combination of lifestyle, current cash flow and future upside.

110 S Kings Rd, Los Angeles

$1,595,000

SW26091311 MLS ⋅ Active Status

House-hack this Mid-City Spanish triplex: live in one, rent two Seller financing may be available, subject to seller approval, buyer qualification, and mutually acceptable terms. Cash and conventional financing are also welcome. Three legal units on a quiet corner near Miracle Mile, including a 2023 ADU, with recently remodeled kitchens, bathrooms, and finishes throughout. The two larger units offer the privacy of individual homes, each with yard access on three sides. The approximately 1,800-square-foot main unit features three bedrooms and two bathrooms. The two tenant-occupied units currently produce approximately 13,000 per month. Buyer to independently verify rents, expenses, permits, square footage, and unit information. Conveniently located near Beverly Hills, Culver City, Downtown Los Angeles, and West Hollywood.

5351 Packard Street, 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.