About 129 N Hagar Street
This exceptional triplex presents a rare investment opportunity, offering both immediate rental income and long-term upside in the thriving San Fernando Valley. Ideally located just steps from the vibrant Maclay corridor, the property features two 1-bedroom, 1-bathroom units and one 2-bedroom, 1-bathroom unit, providing a total of 1,743 sq ft of living space on a generous 7,104 sq ft lot with ample parking. Presented in its original condition, this diamond in the rough is a true value-add opportunity for investors ready to unlock its full potential. With no rent control, buyers have the flexibility to maximize rental income and implement future rent increases without restrictions, while the high-demand location ensures consistently strong tenant interest and low vacancy rates. Surrounded by neighborhood conveniences including bakeries, restaurants, banks, auto shops, medical clinics, and churches, the property appeals directly to renters seeking walkability and accessibility, with the added benefit of easy commuter access to major highways and public transit. Based on the lot size and existing detached 2-car garage, there is also the potential to add at least one additional unit, further increasing rental income and long-term property value. Whether you are a seasoned investor looking to expand your portfolio, considering a 1031 exchange, or a developer seeking your next project in an appreciating neighborhood, this triplex checks all the boxes for strong cash flow today and substantial appreciation tomorrow.
