Investors & Buyers Alert! Massive Income Potential at 654 Penrith Drive!
Don’t miss this rare multi-unit opportunity in the heart of Los Angeles! Perfect for investors and buyers looking for passive income and portfolio growth. This property is a Triplex with three fully functional units — instant cash flow, turnkey potential, and long-term growth.
Unit 1: 3 Bedrooms, 2 Bathrooms, washer/dryer, private yard
Unit 2 (New Construction!): 2 Bedrooms, 2 Bathrooms, 2 balconies, full kitchen, washer/dryer, private yard
Unit 3 (New Construction Studio!): Full bathroom, full kitchen, washer/dryer, private yard
Additional perks:
2-car garage + tandem parking for 3 cars
Walking distance to local amenities
Minutes from Downtown LA & the new 6th Street Bridge
Units 2 & 3 are brand new and just received Certificate of Occupancy, giving you fresh, rentable units ready to generate income immediately.
This is the ultimate property for investors and buyers looking to grow a real estate portfolio. Opportunities like this don’t wait — act fast!
?? Call now before this rare gem is gone!
All showings must be by appointment only
Sold for $1,550,000
Listed by: Golden Real Estate Investments • Christopher Aparicio • Contact: 818-462-5676
Bought with: Golden Real Estate Investments
$1,550,000
654 Penrith Dr, Los Angeles, CA 90023
6beds
2,339sqft
Triplex
Built in 2025
-- sqft lot
$1,550,100 Zestimate®
$663/sqft
$5,651 Estimated rent
Home value
$1,550,100
$1.41M - $1.71M
$5,651/mo
Zestimate® history
Owner options
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$5,651/mo
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$5,651/mo
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$9,948/mo
Est. payment
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$9,948/mo
Est. payment
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Private yardFull kitchen
Zillow last checked:
Listing updated:
Listed by:
Christopher Aparicio DRE #02188416 661-250-8295,
Golden Real Estate Investments
Bought with:
Christopher Aparicio, DRE #02188416
Golden Real Estate Investments
Source: CRMLS,MLS#: SR25242692
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 5
- Full bathrooms: 5
- Main level bathrooms: 3
- Main level bedrooms: 3
Rooms
- Room types: Bathroom, Basement, Family Room, Living Room, Primary Bathroom, Primary Bedroom
Primary bedroom
- Features: Main Level Primary
Bathroom
- Features: Jack and Jill Bath
Bathroom
- Features: Bathroom Exhaust Fan, Bathtub, Closet, Dual Sinks, Enclosed Toilet, Full Bath on Main Level, Hollywood Bath, Stone Counters, Remodeled, Separate Shower
Kitchen
- Features: Built-in Trash/Recycling, Kitchen Island, Kitchen/Family Room Combo, Remodeled, Self-closing Cabinet Doors, Self-closing Drawers, Updated Kitchen
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Disposal, Microwave, Refrigerator, Water Heater, Dryer, Sump Pump, Washer
Features
- Beamed Ceilings, Breakfast Bar, Brick Walls, Balcony, Block Walls, Ceiling Fan(s), Eat-in Kitchen, In-Law Floorplan, Open Floorplan, Partially Furnished, Recessed Lighting, Tandem, Bar, Jack and Jill Bath, Main Level Primary
- Basement: Finished,Sump Pump
- Has fireplace: No
- Fireplace features: None
- Common walls with other units/homes: 1 Common Wall
Interior area
- Total interior livable area: 2,339 sqft
Property
Parking
- Total spaces: 2
- Parking features: Concrete, Driveway Down Slope From Street, Door-Single, Driveway, Garage Faces Front, Garage, Garage Door Opener, Gated, Paved, Public, RV Potential, On Street, Tandem, Uncovered
- Garage spaces: 2
Accessibility
- Accessibility features: Safe Emergency Egress from Home, No Stairs, Parking
Features
- Levels: One,Two
- Stories: 1
- Entry location: front
- Patio & porch: Brick, Concrete, Front Porch
- Pool features: None
- Spa features: None
- Fencing: Block,Brick,Privacy,Wood
- Has view: Yes
- View description: City Lights, Neighborhood, Panoramic
Lot
- Size: 5,289 Square Feet
- Features: 0-1 Unit/Acre, Back Yard, Sloped Down, Front Yard, Gentle Sloping, Near Park, Rectangular Lot, Sloped Up, Walkstreet
Details
- Parcel number: 5185027015
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
- Attached to another structure: Yes
Materials
- Brick, Drywall, Glass, Concrete, Stucco
- Roof: Shingle
Condition
- Additions/Alterations,Updated/Remodeled,Turnkey
- New construction: Yes
- Year built: 2025
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Overhead Utilities
Green energy
- Energy efficient items: Appliances, HVAC
- Energy generation: Solar
Community & HOA
Community
- Features: Biking, Curbs, Gutter(s), Street Lights, Sidewalks, Park
- Security: Carbon Monoxide Detector(s), Fire Rated Drywall, Smoke Detector(s)
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $663/sqft
- Tax assessed value: $753,455
- Annual tax amount: $9,306
- Date on market: 10/18/2025
- Cumulative days on market: 180 days
- Listing terms: Cash,Cash to Existing Loan,Cash to New Loan,Conventional,Contract,Cal Vet Loan,1031 Exchange,FHA
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Sold | $1,550,000$663/sqft |
Source:  CRMLS #SR25242692 Report a problem | ||
| 3/22/2026 | Contingent | $1,550,000$663/sqft |
Source: CRMLS #SR25242692 Report a problem | ||
| 2/5/2026 | Pending sale | $1,550,000$663/sqft |
Source: CRMLS #SR25242692 Report a problem | ||
| 1/29/2026 | Price change | $1,550,000+14.9%$663/sqft |
Source: CRMLS #SR25242692 Report a problem | ||
| 11/22/2025 | Price change | $1,349,000-3.6%$577/sqft |
Source: CRMLS #SR25242692 Report a problem | ||
| 10/19/2025 | Listed for sale | $1,399,000+50.4%$598/sqft |
Source: CRMLS #SR25242692 Report a problem | ||
| 1/2/2023 | Listing removed | -- |
Source:  CLAW #22-196905 Report a problem | ||
| 10/5/2022 | Listed for sale | $930,000-11.4%$398/sqft |
Source: CLAW #22-196905 Report a problem | ||
| 9/28/2022 | Listing removed | -- |
Source: CLAW #22-196905 Report a problem | ||
| 9/7/2022 | Listed for sale | $1,050,000+47.9%$449/sqft |
Source: CLAW #22-196905 Report a problem | ||
| 7/1/2021 | Sold | $710,000$304/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,306 +1.5% | $753,455 +2% |
| 2024 | $9,172 +2% | $738,683 +2% |
| 2023 | $8,996 +4.9% | $724,200 +2% |
| 2022 | $8,580 +8.2% | $710,000 +1518.2% |
| 2021 | $7,930 +988.3% | $43,877 +1% |
| 2020 | $729 | $43,428 +2% |
| 2019 | $729 +17.4% | $42,578 +2% |
| 2018 | $621 | $41,744 +2% |
| 2017 | $621 +2.4% | $40,926 +2% |
| 2016 | $606 +5.2% | $40,125 +1.5% |
| 2015 | $576 -0.5% | $39,523 +2% |
| 2014 | $579 | $38,749 +2.5% |
| 2012 | -- | $37,820 +2% |
| 2011 | -- | $37,080 +0.7% |
| 2010 | -- | $36,804 -0.2% |
| 2009 | -- | $36,892 +2% |
| 2008 | -- | $36,170 +2% |
| 2007 | -- | $35,462 +2% |
| 2006 | -- | $34,767 |
| 2005 | -- | $34,767 +4% |
| 2004 | -- | $33,418 +1.9% |
| 2003 | -- | $32,806 +2% |
| 2002 | -- | $32,164 +4% |
| 2000 | -- | $30,918 |
Find assessor info on the county website
Neighborhood: Boyle Heights
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Nearby schools
GreatSchools rating
- 9/10Soto Street Elementary SchoolGrades: K-6Distance: 0.3 mi
- 6/10Hollenbeck Middle SchoolGrades: 6-8Distance: 0.1 mi
- 4/10Theodore Roosevelt Senior HighGrades: 9-12Distance: 0.3 mi
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Estimated market value
$1,550,100
Get a cash offer in 3 minutes
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Estimated market value
$1,550,100
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