Beverly Center-Miracle Mile (C19) Homes with Triplex Subtype

Welcome to Beverly Center-Miracle Mile, a vibrant and culturally rich neighborhood nestled in the heart of Los Angeles, California. Known for its eclectic blend of art, fashion, and culinary delights, this area is a true gem that showcases the best of urban living. With its prime location, residents enjoy easy access to a plethora of attractions, including the iconic Beverly Center shopping mall, world-class museums, and a diverse array of dining options that cater to every palate.

Beverly Center-Miracle Mile is not just about entertainment; it’s also a community that values residential diversity. One of the standout options for homebuyers in this area is the triplex. Homes with a triplex subtype offer a unique blend of functionality and investment potential. These properties are perfect for those looking to live in one unit while renting out the others, providing an excellent opportunity for passive income.

The triplex homes in this neighborhood often feature modern amenities, spacious layouts, and outdoor spaces that are perfect for enjoying the California sunshine. With the added benefit of being located in a highly sought-after area, these homes are ideal for families, young professionals, and investors alike.

In Beverly Center-Miracle Mile, you’re not just buying a home; you’re investing in a lifestyle. Experience the charm of this dynamic neighborhood, where every street tells a story, and every corner invites you to explore. Whether you’re looking for a cozy abode or a savvy investment, the triplex homes here offer the perfect blend of comfort and opportunity. Come discover your new home in this enchanting Los Angeles enclave!

Newest Beverly Center-Miracle Mile (C19) Homes with Triplex Subtype

$2,475,000

SB26184097 MLS ⋅ Active Status

110 S. Kings Road — Rare Owner-User Townhome Investment with 6.34% Cap Rate, 12.59 GRM & Development Upside Offered at $2,475,000, the property is currently operating at an attractive 6.34% CAP Rate and 12.59 GRM—unusually strong metrics for a prime 90048 location. The property consists entirely of townhome-style units, with a unit mix of two 3-bedroom/2-bath residences and one 2-bedroom/2-bath residence. Most importantly for an owner-user, one of the 3-bedroom, 2-bath townhomes is currently vacant and available for immediate occupancy. A buyer can move directly into a substantial residence while collecting income from the other two townhome units. Strong Income Today — Significant Upside Tomorrow The property generates approximately $196,572 in annual scheduled gross income, producing approximately $156,849 of current NOI and the aforementioned 6.34% current CAP Rate. The Offering Memorandum projects approximately 49.56% rental upside, with pro forma income of approximately $294,000 annually. The property sits on an approximately 7,026-square-foot lot and is zoned LA R3, creating an additional layer of value beyond the existing income stream. The site also offers the potential to add three ADUs, creating an opportunity to significantly increase unit count, income and overall property value while retaining the existing townhome residences. Any ADU or redevelopment potential should be independently verified by the buyer with the City of Los Angeles and appropriate land-use professionals. A True Owner-User + Investment Opportunity 6.34% Current CAP Rate 12.59 Current GRM Three Townhome-Style Units Vacant 3-Bedroom / 2-Bath Townhome Massive 4,826 SF of Existing Building Area Approximately 7,026 SF Lot Potential for Three Additional ADUs Six On-Site Parking Spaces Located just moments from Beverly Hills, West Hollywood, The Grove, Original Farmers Market, Beverly Center, Cedars-Sinai, Melrose Avenue and some of Los Angeles’ premier dining and shopping, 110 S. Kings Road gives a buyer the ability to live in a spacious three-bedroom townhome, collect substantial rental income, and control a sizeable R3-zoned parcel with additional development upside. Live in one. Collect income from two. Potentially build three more. At a 6.34% CAP Rate and 12.59 GRM in the heart of 90048, this is a compelling combination of lifestyle, current cash flow and future upside.

110 S Kings Rd, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.