Est. cap rate

2.2%

Assumed rent, all units

$5,160/mo

Units

3

Price per unit

$466,333

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

Lot size

6,875 sqft

Year built

1910

Stories

2

Garage spaces

2

Pool

None

View

City Lights,See Remarks,Hills,Panoramic

Status

Active

Days on market

1

MLS #

249247755

About this property

RARE HILLSIDE INVESTMENT OPPORTUNITY IN NORTHEAST LOS ANGELES! Discover a unique property featuring three residential units situated on one expansive parcel with two street access points: 4109 Berenice Place, 4202 Latona Avenue and 4202 1/2 Latona Avenue.Perched above the city, the main residence at 4109 Berenice Place, built in 2019, offers approximately 1,275 square feet of living space with 3 bedrooms, 2 bathrooms, and a 2-car garage. Enjoy sweeping views of Northeast Los Angeles, Elysian Valley, Downtown and beyond. Below the main residence is an additional bonus area featuring 2 bedrooms, 1 bathroom, and a private balcony with scenic views--ideal for a home office, recreation room, or flexible living space. A private terrace below offers possibilities for outdoor dining, entertaining, or a future jacuzzi retreat.Continuing down the hillside, the property connects to a charming duplex at 4202 and 4202 1/2 Latona Avenue, originally built in 1910, with convenient access from Latona Avenue.4202 Latona Avenue features approximately 750 square feet of living space including 2 bedrooms, 1 bathroom, and a private balcony showcasing beautiful views.4202 1/2 Latona Avenue offers approximately 850 square feet, 3 bedrooms, 3 bathrooms, a private entrance, and scenic neighborhood views from the bedrooms.Surrounded by mature trees and hillside greenery, the property offers a distinctive combination of privacy, outdoor living, and elevated city views. Conveniently located near Downtown Los Angeles, Pasadena, Dodger Stadium, and surrounding Northeast Los Angeles neighborhoods.ONE PARCEL. MULTIPLE LIVING SPACES. EXCEPTIONAL POSSIBILITIES. Whether you're looking for an investment property, a multigenerational living arrangement, or an opportunity to occupy one residence while generating income from the others, this hillside property offers a rare combination of flexibility, location, and potential.

Location

4109 Berenice Place

Los Angeles, Los Angeles, CA, 90031