Est. cap rate

3.1%

Assumed rent, all units

$8,640/mo

Units

3

Price per unit

$549,667

Est. annual NOI

$51,840

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Triplex

Bedrooms

7

Bathrooms

6

Building size

3,484 sqft

Lot size

6,001 sqft

Year built

1912

Stories

2

Garage spaces

2

Heating

Central

Cooling

Central Air

Pool

None

View

None

Status

Active

Days on market

27

MLS #

246747121

About this property

A rare opportunity to own a standalone residence with built-in income, this thoughtfully renovated two-building triplex offers privacy, flexibility, and long-term potential in a central Los Angeles location. The front home—separate from the rear units—lives like a single-family residence, complete with its own driveway and carport accommodating 4–5 cars in tandem, a true luxury in the city. Inside, the front residence features two ensuite bedrooms, bonus upstairs living space, and an open-concept floorplan that flows seamlessly from the front door through the main living areas and out to the patio—ideal for everyday living or hosting. Recent upgrades include a new foundation (allowing for future vertical expansion, buyer to verify), new sewer lines serving both buildings, upgraded drainage with a sump pump system, a new side fence, and interior improvements such as updated medicine cabinets, tub, and additional electrical outlets. The rear building provides TWO ADDITIONAL REMODELED UNITS: 137 Vendome is a one-bedroom residence on the lower level and 137 1/2 Vendome is a three-bedroom residence above—along with an attached two-car garage. All units include in-unit laundry hookups, offering convenience for occupants and ease of ownership. The front detached home is currently furnished, vacant, and set up for 30+ day rentals, with the last registered rental rate at $8,950 per month. The two rear units are tenant-occupied and generate a combined monthly rental income of $5,857.34. Ongoing landlord expenses are minimal and primarily limited to water/refuse, yard maintenance, and pest service. Centrally located with quick access to Downtown Los Angeles and nearby cultural landmarks such as Dodger Stadium, the Walt Disney Concert Hall, and the Hollywood Bowl—each within approximately a 10-minute drive—this property is ideal for an owner-user seeking a private home with supplemental income and future upside. **For front house: there are plans to keep the current downstairs floor plan and proposed upstairs conversion with an additional 3/3 ADU with roof deck and separate access from a balcony in the back

Location

135 N Vendome Street

Los Angeles, Los Angeles, CA, 90026