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$ 979,000
Est. payment /mo
Price Dropped by $10K
547 N St Louis ST Los Angeles, CA 90033
6 Beds
4 Baths
2,194 SqFt
Open House
Sat Jun 27, 1:00pm - 3:00pm
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,194 sqft
Price per Sqft $446
MLS Listing ID 26715481
Bedrooms 6
HOA Y/N No
Year Built 1965
Lot Size 5,553 Sqft
Property Description
Exceptional investment and owner-user opportunity in the heart of Boyle Heights, just moments from Cesar Chavez Avenue. Currently generating $5,607 per month in rental income, this legally permitted triplex offers immediate cash flow, significant recent upgrades, and multiple avenues for future upside. The front residence, a 2-bedroom, 1-bathroom home, will be delivered vacant at close of escrow, creating a rare opportunity for an owner-occupant to live in one unit while generating rental income from the others, or for an investor to lease at current market rates and maximize returns from day one. The two rear units are tenant-occupied on month-to-month agreements and currently generate $2,007 and $1,750 per month in rental income, providing immediate cash flow with future flexibility. In addition, a bonus space attached to the front residence is currently leased for $1,850 per month, including utilities, creating additional income potential. Buyer to independently verify permits, approvals, use, and configuration of the bonus space. The property has benefited from substantial recent capital improvements, including new roofs on all structures (2025), mini-split heating and cooling systems throughout (2025), separately metered electrical service (2026), and a solar panel system (2026), helping reduce operating costs while enhancing tenant appeal. Additional features include covered driveway parking, exterior storage, and private outdoor space ideal for relaxing or entertaining. Owner currently pays water, sewer, and gas, while tenants pay electricity and trash. With the vacant front residence and additional income generated by the bonus space, investors have the potential to increase revenue and improve overall returns, while owner-occupants can take advantage of a unique opportunity to offset housing costs with rental income. Whether you're seeking a house-hack opportunity, a multi-generational living arrangement, or a well-maintained income-producing asset with upside in one of Los Angeles' most established rental markets, this property checks all the boxes. Opportunities to acquire a triplex with a vacant owner's unit, strong in-place income, recent system upgrades, and additional income potential are increasingly hard to find.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR2
Interior
Fireplace No
Exterior
Parking Features Concrete, On Street
Pool None
View Y/N No
View None
Total Parking Spaces 2
Private Pool No
Building
Faces East
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5175028002
Financing Cash,FHA
Special Listing Condition Standard
Listed by Gina Isaac Nourmand & Associates-HW #01437713
NEARBY SCHOOLS & PROPERTIES
Lisa Bethel
Advisor | Accredited Buyer's Representative | Seniors Real Estate Specialist® | License ID: 02046953