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16233 Parthenia St
For Sale $1,395,000 ($432.42 per Sq Ft)
$1,395,000 ($432.42 per Sq Ft)
- 7 Bedrooms
- 8.00 Bathrooms
- 3,226 Sq Ft
- 7,322 Sq Ft
Description
Three homes on one lot! Thoughtfully designed and extensively remodeled, each unit features brand-new appliances and its own washer/dryer, offering a modern and elevated living experience. The property consists of: (1) an approx. 1,550 sq.ft. upgraded main house (tenant-occupied on a month-to-month lease) with 4B/4B; (2) an approx. 1,200 sq.ft. newly built ADU (vacant) with 2B/2.5B; and (3) an approx. 476 sq.ft. newly built Junior ADU (vacant) with 1B/1B - all with permits. In addition, there is an approx. 120 sq.ft. shed, ideal for use as a dedicated storage room. Each unit has its own separate address and separate utilities, maximizing convenience and rental flexibility. All three units are highly rentable and offer excellent cash-flow potential. The front yard has been upgraded with drought-tolerant landscaping, providing a clean aesthetic while maximizing water-saving efficiency. Eco-friendly enhancements include leased solar panels, double-pane windows, and new insulation for improved energy efficiency and year-round comfort. Whether you're looking to diversify your investment portfolio or seeking a flexible living arrangement with built-in rental income, this property offers exceptional versatility. Live in one unit and rent out the other two, or lease all three for strong, stable returns. Located in the desirable North Hills neighborhood, the property offers convenient access to shopping, dining, recreation, and major transportation routes. Don't miss this rare opportunity to own a high-yield, turn-key multi-unit property in one of the most convenient pockets of the San Fernando Valley.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,395,000 |
| Property Type | Triplex (3-units) |
| Usable Sqft | 3,226 |
| Number of Stories | 1 stories |
| Parking Spots | 0 spots |
| Year Built | 1957 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2688016013 |
| MLS # | 25607929 |
| Property ID | 322361026 |
| Lot Sqft | 7,322 |
| Zoning | LARS |
| Total Units | 3 |
| Days on Market | 98 |
| Original List Price | $1,399,999 |
| Date Updated | February 15, 2026 |
| Date Created | November 12, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 4 | 4.00 | $4,500 | $5,000 |
| Unit #2 | 2 | 2.50 | $3,200 | $3,200 |
| Unit #3 | 1 | 1.00 | $2,000 | $2,000 |
| Gross Income (Yr) | $ 109,440 |
| Operating Expenses | $ 25,000 |
| Net Income (Yr) | $ 85,000 |
Listing Provided By
Shengnan Li an agent of . Lic #02164777
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- America/Phoenix
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Robert Crawford
REAL ESTATE AGENT