3803 SENECA AVE LOS ANGELES CA 90039-1636
100% Leased
Marketing description
Exceptional opportunity to acquire a beautifully remodeled legal triplex in the highly desirable Atwater Village area, adjacent to Glendale. This well-maintained pride-of-ownership property offers an ideal combination of stable income, future rental upside, and owner-user potential.
The property consists of a spacious front 2-bedroom, 2-bathroom home and two rear 1-bedroom, 1-bathroom units, totaling approximately 2,322 square feet on a 5,249 square foot lot. Each unit has been extensively updated and features its own private washer and dryer, providing a highly desirable amenity for tenants.
Major capital improvements have already been completed, including a newer roof, HVAC systems, electrical, sewer lines, and water heaters, minimizing future maintenance costs. The property also offers three on-site parking spaces.
All three tenants are currently on month-to-month rental agreements, providing flexibility for future ownership plans while offering the opportunity to increase rental income over time, subject to applicable laws.
Located in one of Northeast Los Angeles' most sought-after neighborhoods, the property is just minutes from Atwater Village's vibrant dining and shopping district, Griffith Park, Glendale, Los Feliz, Silver Lake, Downtown Los Angeles, and major transportation corridors.
Whether you're seeking a quality long-term investment or an opportunity to own a turnkey multifamily property in a premier location, this offering presents exceptional value and long-term appreciation potential.
Seller has already identified a replacement property for its 1031 Exchange. Buyer to cooperate with Seller's 1031 Exchange at no additional cost, liability, or delay to Buye
Investment highlights
Offered at $1,695,000
Legal Triplex in the highly desirable Atwater Village area, adjacent to Glendale.
Unit Mix: Front 2 Bed / 2 Bath home plus two rear 1 Bed / 1 Bath units.
2,322 SF of improvements situated on a 5,249 SF lot.
Pride of Ownership Property with extensive recent renovations throughout.
Private Washer & Dryer in Every Unit, a highly desirable tenant amenity.
Major Capital Improvements Completed, including newer roof, HVAC systems, electrical, sewer lines, and water heaters.
Three On-Site Parking Spaces.
All Tenants Are Month-to-Month, providing flexibility for future rent adjustments or owner occupancy, subject to applicable laws.
Strong Rental Upside Potential as existing rents are below current market levels.
Low Deferred Maintenance, reducing near-term capital expenditure requirements.
Excellent Owner-User Opportunity with the potential to occupy the front home while maintaining rental income from the rear units.
Located minutes from Atwater Village, Glendale, Los Feliz, Silver Lake, Griffith Park, Downtown Los Angeles, and major freeways.
Seller Has Already Identified a Replacement Property for the 1031 Exchange, helping facilitate a smoother closing process.
Buyer to Cooperate with Seller's 1031 Exchange at no additional cost, liability, or delay to Buyer.
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