Atwater Village Triplex 3803 Seneca Ave 3 Unit Apartment Building $2,378,270 CAD ($792,757 CAD/Unit) 3.80% Cap Rate Los Angeles, CA 90039

Exceptional opportunity to acquire a beautifully remodeled legal triplex in the highly desirable Atwater Village area, adjacent to Glendale. This well-maintained pride-of-ownership property offers an ideal combination of stable income, future rental upside, and owner-user potential.
The property consists of a spacious front 2-bedroom, 2-bathroom home and two rear 1-bedroom, 1-bathroom units, totaling approximately 2,322 square feet on a 5,249 square foot lot. Each unit has been extensively updated and features its own private washer and dryer, providing a highly desirable amenity for tenants.
Major capital improvements have already been completed, including a newer roof, HVAC systems, electrical, sewer lines, and water heaters, minimizing future maintenance costs. The property also offers three on-site parking spaces.
All three tenants are currently on month-to-month rental agreements, providing flexibility for future ownership plans while offering the opportunity to increase rental income over time, subject to applicable laws.
Located in one of Northeast Los Angeles' most sought-after neighborhoods, the property is just minutes from Atwater Village's vibrant dining and shopping district, Griffith Park, Glendale, Los Feliz, Silver Lake, Downtown Los Angeles, and major transportation corridors.
Whether you're seeking a quality long-term investment or an opportunity to own a turnkey multifamily property in a premier location, this offering presents exceptional value and long-term appreciation potential.
Seller has already identified a replacement property for its 1031 Exchange. Buyer to cooperate with Seller's 1031 Exchange at no additional cost, liability, or delay to Buyer