Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90032 3741 Locke Avenue

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Presented By: Yonathan Canete Baltazar with The Agency;
  • MLS# P122556
  • 06/03/2025
  • Request Tour
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  • Beds • 6
  • Baths • 5
  • Year Built • 1924

Home Details

Prime investment opportunity in one of the most desirable pockets in El Sereno, north of Huntington Dr. This legal detached duplex offers private yard spaces per unit and parking. The property also includes paid plans for expanding both units and converting the detached garage into an Accessory Dwelling Unit (ADU). Currently vacant, house hackers, savvy investors, or contractors can maximize returns in LA's high-demand rental market. Sitting on a fully usable 7,500 sq ft lot, the property is already positioned for major upside: concrete foundation work for the planned additions is complete, new plumbing has been installed, and a gas line is in place for the ADU. Whether you plan to live in one unit and rent out the other two or create a fully income-generating triplex, the groundwork is done. Market Rents Support a monthly gross of $10,100. Opportunities like this are rare--a chance to build equity fast, generate passive income, and design a modern rental or multi-generational compound in a fast-growing community. Neighboring Highland Park, South Pasadena, and Alhambra the property offers easy access to the 110 freeway, Keck Medicine, and Cal State LA. Invest, build, earn, and thrive in Northeast LA.
Presented By: Yonathan Canete Baltazar with The Agency;

Interior Features for 3741 Locke Avenue

Bathrooms

Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesElectricDryerHookup, GasDryerHookup

General for 3741 Locke Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate7.0
Carport Y/NNo
CityLos Angeles
Community FeaturesPark, Urban
CoolingNone
CountyLos Angeles
Current FinancingPrivate
DirectionsNorthbound on Huntington Dr make a left on El Sereno Ave, Left on Edison St, Right on Locke Ave.
Electric Expense0.0
Electric On Property Y/NNo
Garage Spaces0.0
Garage Y/NNo
Gross Income121200.0
HOANo
HOA Fee$0.0
HeatingNone
Home Warranty Y/NNo
Insurance Expense4000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031, Submit
Lot Size Square Feet7500.0
Lot Size UnitsSquareFeet
MLS Area621 - El Sereno
MobileHomeRemainsYNNo
Net Operating Income90900.0
New ConstructionNo
Operating Expense25000.0
Pool FeaturesNone
Property Attached Y/NNo
Property ConditionFixer, UnderConstruction
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameNot Applicable
Tax Lot61
Trash Expense2100.0
ViewNone
Year Built1924
Year Built SourcePublicRecords

Exterior for 3741 Locke Avenue

Crops Included Y/NNo
FencingChainLink
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSprinklersNone
Lot Size Acres0.1722
Lot Size Area7500.0
Lot Size SourcePublicRecords
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesDriveway
Private PoolNo
SpaNo
Total Parking3.0
WaterfrontY/NNo

Additional Details

Price History

Keegan Cin

Team Lead
Price $849,000
MLS#P122556
List Date 06/03/2025
Property Type Multi-Family
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