Est. cap rate

3.6%

Assumed rent, all units

$5,160/mo

Units

3

Price per unit

$283,333

Est. annual NOI

$30,960

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

3

Building size

2,250 sqft

Lot size

8,253 sqft

Year built

1912

Stories

2

Garage spaces

0

Heating

None

Cooling

Wall/Window Unit(s)

Pool

None

Status

Active

Days on market

16

MLS #

247598701

About this property

Price Reduced! Motivated Seller — all offers encouraged. This triplex sits on an 8,200+ sq. ft. LAR3-zoned lot, offering multiple exit strategies for investors, developers, and value-add buyers. Located minutes from Downtown Los Angeles, East LA, USC Medical Center, I-10, I-5, Harbor 110, Glendale Hwy 2 and Pomona Hwy 60 freeways. Property includes three addresses: 2215, 2217, and 2217½. The front residence is a 3-bedroom unit with gated parking. The rear features two additional 2-bedroom, 1-bath units, each with separate parking and individual electrical meters. All units are in need of repair, presenting a strong upside for renovation, repositioning, or redevelopment. LAR3 zoning may allow for future expansion or a larger multi-unit build—ideal for investors seeking density and long-term appreciation. Property is sold AS IS, with no warranties or representations. Buyer to independently verify all aspects of the property, including zoning, permits, use, square footage, occupancy, and development potential. Seller currently in default. Excellent short-sale opportunity for the serious investor. No reasonable offer will be turned away.

Location

2215 Parkside

Los Angeles, Los Angeles, CA, 90031