Los Angeles, CA 90061 115 E 116th Place

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Presented By: Kalany Covarrubias with Keller Williams Los Angeles;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 25537655
  • 06/12/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 9
  • Baths • 6
  • SQFT • 3,326

Home Details

Brand New construction 3 Stunning Units (Legal Duplex with ADU - 3 units total but no legal Triplex)! Modern Living with 3 Bedrooms 2 Baths each! Welcome to your dream investment opportunity. This brand-new construction offers three thoughtfully designed units that combine luxury, functionality, and style. Whether you are looking to live in one unit while generating income from the others or seeking a lucrative addition to your portfolio. This property is completely vacant, allowing you to capitalize on top Market Rents consisting of 9 Bedrooms 6 bathrooms Key Features for Each Unit Spacious Layout: 3 large bedrooms and 2 full bathrooms with open-concept floor plans, perfect for modern living. The property features designer kitchens equipped with quartz countertops, soft-close cabinetry. It also features luxurious bathrooms with modern fixtures, and sleek tile work. It offers natural light: oversized windows and high ceilings create bright, airy interiors. Flooring & Finishes: durable luxury vinyl plank flooring or hardwood throughout, with designer finishes in every room. The additional highlights include energy efficient: LED lighting, and energy-efficient HVAC systems for lower utility costs. Laundry convenience: Each unit includes washer and dryer hook ups inside. Ample Parking: Attached or nearby parking spaces for residents and guests. Location benefits nestled in a prime location, these units are close to shopping and dining: A variety of retail stores, transportation: easy access to freeways, public transit, and major thoroughfares. Schools & parks: walking distance to top-rated schools and nearby parks for outdoor activities. This is a turnkey investment opportunity with strong rental potential, offering modern living spaces in a highly desirable area.
Presented By: Kalany Covarrubias with Keller Williams Los Angeles;

Interior Features for 115 E 116th Place

Bedrooms

Total Bedrooms9

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths6

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringVinyl
Heating Y/NYes
Interior AmenitiesCeilingFans
Laundry FeaturesInside
Total Stories2

Other Rooms

Entry Level1

General for 115 E 116th Place

Additional Parcels Y/NNo
AppliancesMicrowave
Architectural StyleModern
Attached Garage No
Buyer FinancingCash, Conventional
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
DirectionsSan Pedro and 116th Pl. Located at the end of the cul-de-sac!
Entry LocationGround Level w/steps
Full Baths
Garage Y/NNo
Gross Income111600.0
HOANo
HeatingCentral
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsCash, Conventional
Lot Size Square Feet6154.0
Lot Size UnitsSquareFeet
MLS AreaC37 - Metropolitan South
MobileHomeRemainsYNNo
Net Operating Income111600.0
New ConstructionYes
Number Of Units Total3
Occupancy TypeVacant
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
RoofShingle
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
ViewCourtyard
Year Built2025
Year Built SourceBuilder
ZoningLAR2

Exterior for 115 E 116th Place

Building Area Total3326.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1413
Lot Size Area6154.0
Number of Buildings3
Number of Separate Electric Meters3
Number of Separate Gas Meters3
Number of Separate Water Meters1
Parking FeaturesAssigned, Driveway
Private PoolNo
SpaNo
Total Parking6.0
Waterfront Y/NNo

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $1,299,999
MLS#25537655
List Date 06/12/2025
Property Type Multi-Family
Phone 714.742.6515
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Request Info
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