Category Archives: Triplex

3-Unit Income Property in Franklin Hills

3938 Cumberland AvenueLos Feliz Income Property
3 Units – 4 Bedrooms – 3.5 Baths – $965,000


Franklin Hills Homes for Sale

3938 Cumberland Ave., Los Angeles, CA 90027

Los Feliz Home in HillsJust listed and new to the market, this hillside triplex in the Franklin Hills area of Los Feliz is perfect for an investor. It’s also perfect for the first-time home buyer who hates paying rent. Why is this the perfect property for people who hate paying rent? Because the day you stop paying rent you not only get to stop paying rent, which is awesome, you also get to start collecting rent. You win. And you keep winning if you are like most people I know who own income property today. It is a great time to be a landlord in Los Angeles.
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Income Property is the Best Buy

Average Sales Price Income Property

Income Property Sales Trends

I still can’t find that one person. That one person who ever bought a duplex in Silver Lake and regrets it. Income property prices continue to rise in Silver Lake, Atwater Village, Highland Park and, especially, Echo Park, where the average multi-unit property sells for 29% more than it did last year, on average.

It’s a great time to be a landlord in Los Angeles.

People who own multi-unit properties in L.A. right now are sitting pretty. Demand for rental property far exceeds the number of rental units available today. Few new dwelling units have been added to the area’s housing supply this century and those being built today will barely put a dent in current demand, let alone future demand. The economy is on fire, everyone is working again, more people than ever want to live in the Los Angeles area. It is smart to be a landlord and it is the right time to buy income property in Los Angeles. Continue reading

Highland Park Triplex!

Highland Park Triplex

I had a chance to see this newly-listed triplex in Highland Park this week. Located in the Highland Park Historic Preservation Overlay Zone (HPOZ) this super Spanish-style 3-unit property has great potential for an owner-user or an investor.

90042 Income Property Continue reading