701 Walnut Street
Property Description
Prime opportunity for investors looking to acquire a well-positioned income property in the heart of one of Los Angeles' most active growth areas. This fully occupied triplex sits on a sizable lot in close proximity to SoFi Stadium and the new Clippers arena, offering both immediate rental income and exciting long-term possibilities. Each of the three units features a spacious 3-bedroom, 1-bathroom configuration with practical layouts and washer/dryer hookups. The property is currently occupied by established long-term tenants, and recent rental increases provide an attractive income profile for the next owner. Beyond the existing income stream, the generous lot may offer additional development potential, including the possibility of expanding to 6+ units, subject to buyer's investigation and verification with the City and all applicable agencies. With convenient access to major entertainment destinations, transportation, employment centers, and substantial new development throughout the surrounding area, this property is well suited for investors seeking a combination of dependable occupancy, rental upside, and future development potential.
Broker Details
Estate Properties (310) 647-1635
MLS ID: SRUANWIL State License Number: 00972400
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,199,000 |
| No. of Units: | 3 |
| Year Built: | 1937 |
| Opportunity Zone: | No |
| Price per unit: | $399,667 |
| Number of Bedrooms: | 9 |
| Number of Bathrooms: | 3 |
ID: 3yd-MRMLSCA-SB26201524
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