154 Colden Avenue, Los Angeles

$850,000

Click the arrows next to the image to browse our photo gallery for this property.

4 Beds
2 Baths
2,524 Sqft
.12 Acre
2 Garages

We are pleased to present the opportunity to acquire a triplex in the Broadway-Manchester neighborhood of South Los Angeles. Built originally in 1939 as a duplex, this property is poised to receive a new certificate of occupancy in 2024 for the conversion of the original single-family home into two separate units. This property will feature two vacant 925 square foot units, each with 3-bedrooms and 1-bathroom, and a tenant-occupied 674 square foot 1-bedroom and 1-bathroom unit with a private patio. Together, they offer a total of 2,524 square feet of rentable space on a 5,410 square foot lot. The newer units are equipped with copper plumbing, updated electrical systems, and a newer roof, which is backed by a 10-year warranty thanks to a recent layer of protective silicone. The one-bedroom unit includes a two-car garage, providing valuable parking and storage space. Outdoor living is enhanced with a spacious shared patio for the three-bedroom units, ideal for relaxation and entertainment. For owner-occupiers, this triplex presents an exceptional opportunity for you to occupy one of the units while immediately generating rental income from the others. Additionally, favorable financing terms are available for owner-occupiers, including options with as low as 5% down, making it an accessible and attractive option for those looking to enter the multifamily ownership market. Essential public transportation options are readily available, with several stops near Main and Colden. Notable nearby attractions include The Forum, SoFi Stadium, Gramercy Park, and the renowned Earvin Magic Johnson Park. Additionally, for those who commute, the property's proximity to the 105 and 110 Freeways ensures easy access to various parts of Greater Los Angeles.

Essential Information

MLS® #
23338153
Price
$850,000
Bedrooms
4
Bathrooms
2.00
Square Footage
2,524
Acres
0.12
Year Built
1939
Type
Residential Income
Status
Active

Community Information

Address
154 Colden Avenue
Area
C37 - Metropolitan South
City
Los Angeles
County
Los Angeles
Zip Code
90003
Senior Community
N

Amenities

Parking Spaces
2
Parking
Door-Multi, Garage
# of Garages
2
Garages
Door-Multi, Garage

Interior

Heating
Wall Furnace
Cooling
None
# of Stories
1
Stories
One

Additional Information

Date Listed
December 8th, 2023
Days on Market
148
Zoning
LAR2

Listing Details

Agent
Sevak Keshishian
Office
Marcus & Millichap

LISTING MAP

Get directions to this property:

Based on information from California Regional Multiple Listing Service, Inc. as of May 4th, 2024 at 8:50pm PDT. 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.