The garden style asset, 1337 S. Highland Avenue, is comprised of two adjacent apartment buildings with a total of eight units situated in the diverse Mid City neighborhood of Los Angeles. The asset boasts eight tandem parking spaces located directly in front of the property. The unit mix consists of eight large, well-designed one-bedroom / one bathroom units that include outdoor space for added convenience and appeal.The low price per unit establishes a strong initial investment basis, making it attractive for buyers looking to maximize their return. Notably, the property has a significant potential upside in rents, indicating substantial room for income growth and increased profitability via bringing down operational expenditures. This property offers a compelling value add investment opportunity to new ownership. The neighborhood is located in the city’s central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue. SOLD AS-IS. SUBJECT TO COURT APPROVAL AND OVERBID
Property Details
Price:
$1,250,000
MLS #:
24453401
Status:
Active Under Contract
Baths:
0
Address:
1337 S Highland Avenue
Type:
Residential Income
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Aug 11, 2024
State:
CA
ZIP:
90019
Lot Size:
8,998 sqft / 0.21 acres (approx)
Year Built:
1928
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Interior
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Parking Features
Uncovered
Parking Spots
0.00
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Community
- Address1337 S Highland Avenue Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90019
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1337 S Highland Avenue
Los Angeles, CA
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