This renovated triplex is a rare turnkey investment opportunity in the established and desirable rental market of Highland Park. With significant upgrades, including new electrical, AC, cabinetry and all newer tenants, this property is ideal for cash flow on day one. Enjoy market rents without having to deal with relocation or holdover tenants, a rarity for the area. The property also features a great mix of one and two bedroom units, with each unit having access to their own private outdoor courtyard area. Located close by to Figueroa St and the Metro Gold Line, tenants have access to all that Highland Park has to offer with its bustling restaurants, shops, and nightlife. Easy access to Pasadena, Eagle Rock, Echo Park and DTLA is also a key reason rental demand has remained very high. As Highland Park continues to thrive, this property is well positioned to capitalize on the continued development of the overall area. This is truly a special property for investors who are interested in a stable passive income opportunity.
For sale
Listed by: ALTC Realty • Alan Lu • Contact: 626-378-8007
$1,400,000
309 N Avenue 50, Los Angeles, CA 90042
5beds
3baths
2,162sqft
:
Get pre-qualified$9,307/mo
Triplex
Built in 1916
-- sqft lot
$1,332,600 Zestimate®
$648/sqft
$-- HOA
What's special
Private outdoor courtyard area
- 279 days |
- 206 |
- 8 |
Zillow last checked:
Listing updated:
Listed by:
Alan Lu DRE #01514595 626-378-8007,
ALTC Realty
Source: CRMLS,MLS#: AR25252719
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
Appliances
- Laundry: Washer Hookup, Gas Dryer Hookup
Features
- Common walls with other units/homes: 2+ Common Walls
Interior area
- Total structure area: 2,162
- Total interior livable area: 2,162 sqft
Property
Parking
- Total spaces: 1
- Parking features: Assigned
- Uncovered spaces: 1
Features
- Levels: One
- Stories: 1
- Entry location: 1
- Pool features: None
Lot
- Size: 4,503 Square Feet
- Features: 0-1 Unit/Acre
Details
- Parcel number: 5469012016
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Condition
- New construction: No
- Year built: 1916
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Urban
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $648/sqft
- Tax assessed value: $1,206,093
- Annual tax amount: $14,706
- Date on market: 11/3/2025
- Cumulative days on market: 280 days
- Listing terms: Cash,Cash to New Loan
- Total actual rent: 7487
- Tenant pays: Electricity, Gas
Estimated market value
$1,332,600
$1.27M - $1.40M
$3,786/mo
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Listed for sale | $1,400,000+32.1%$648/sqft |
Source:  CRMLS #AR25252719 Report a problem | ||
| 2/23/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 2/2/2022 | Listed for rent | $2,650+47.2%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 3/22/2021 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 1/26/2021 | Listed for rent | $1,800+0.3%$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 8/13/2019 | Listing removed | $1,795$1/sqft |
Source: ALTC Realty #AR19178726 Report a problem | ||
| 7/27/2019 | Listed for rent | $1,795$1/sqft |
Source: ALTC Realty #AR19178726 Report a problem | ||
| 2/7/2018 | Sold | $1,060,000-2.3%$490/sqft |
Source:  CLAW #18299010 Report a problem | ||
| 1/8/2018 | Pending sale | $1,085,000$502/sqft |
Source: Remax Commercial and Investment Realty #18299010 Report a problem | ||
| 1/2/2018 | Listed for sale | $1,085,000+87.1%$502/sqft |
Source: Remax Commercial and Investment Realty #18299010 Report a problem | ||
| 6/1/2017 | Sold | $580,000+123.9%$268/sqft |
Source: Public Record Report a problem | ||
| 3/26/2012 | Sold | $259,000$120/sqft |
Source: Public Record Report a problem | ||
| 1/26/2012 | Price change | $259,000-8.2%$120/sqft |
Source: Harmon Homes, Inc. #R1107636 Report a problem | ||
| 12/18/2011 | Listed for sale | $282,000+12.3%$130/sqft |
Source: Harmon Homes, Inc. #R1107636 Report a problem | ||
| 12/6/2011 | Sold | $251,052-25.9%$116/sqft |
Source: Public Record Report a problem | ||
| 9/20/2011 | Listed for sale | $339,000-35.9%$157/sqft |
Source: Century 21 Arroyo Seco Report a problem | ||
| 4/6/2006 | Sold | $529,000+56.5%$245/sqft |
Source: Public Record Report a problem | ||
| 2/3/2004 | Sold | $338,000+49.6%$156/sqft |
Source: Public Record Report a problem | ||
| 11/1/2002 | Sold | $226,000$105/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $14,706 +1.3% | $1,206,093 +2% |
| 2024 | $14,519 +2% | $1,182,445 +2% |
| 2023 | $14,237 +4.9% | $1,159,261 +2% |
| 2022 | $13,573 +1.3% | $1,136,531 +2% |
| 2021 | $13,405 -1% | $1,114,247 +1% |
| 2020 | $13,542 | $1,102,823 +2% |
| 2019 | $13,542 +85.1% | $1,081,200 +82.8% |
| 2018 | $7,316 | $591,600 +45.4% |
| 2017 | $7,316 +43.7% | $406,927 +2% |
| 2016 | $5,091 +2.7% | $398,949 +1.5% |
| 2015 | $4,959 +0.8% | $392,957 +2% |
| 2014 | $4,921 | $385,260 +13.3% |
| 2012 | -- | $340,000 -10.5% |
| 2011 | -- | $380,000 -32.1% |
| 2010 | -- | $560,046 -0.2% |
| 2009 | -- | $561,377 +2% |
| 2008 | -- | $550,371 +2% |
| 2007 | -- | $539,580 +49% |
| 2006 | -- | $362,059 |
| 2005 | -- | $362,059 +57.3% |
| 2004 | -- | $230,219 +1.9% |
| 2003 | -- | $226,000 +52.1% |
| 2002 | -- | $148,613 +4% |
| 2000 | -- | $142,844 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Highland Park
Nearby schools
GreatSchools rating
- 6/10Aldama Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Benjamin Franklin Senior High SchoolGrades: 6-12Distance: 0.6 mi
- 7/10Luther Burbank Middle SchoolGrades: 6-8Distance: 1.4 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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