Rare Sale of a 100% Vacant, Value-Add Triplex in Prime Highland Park! Less than a block from Figueroa & all the hotspots that make Highland Park one of the most vibey neighborhoods in Northeast LA. Final unit mix after remodel and ADU construction could be: a 3Br+2Ba 1,086 SF unit, a 3Br+2Ba 1,152 SF unit, a 1Br+1Ba 612 SF unit, and a rear detached two story ADU 3Br+3Ba and 1,180 SF. Potential future income is appx $14,000 per month! WOW! The 1Br+1Ba has already been fully renovated. RTI permits to remodel 2 units in front, plus approved plans to build a rear 1,100 SF ADU will transfer with the sale (value of over $100,000!) RTI Permits means Ready To Issue – after escrow is closed the Buyer just pays the permit fees and begins construction immediately! A huge value! This property would make an ideal TIC conversion, owner-user property, or stabilized cash flowing investment once renovated. Full marketing package available upon request.
Property Details
Price:
$1,350,000
MLS #:
25499913
Status:
Active
Baths:
0
Address:
140 S Avenue 58
Type:
Residential Income
Neighborhood:
632highlandpark
City:
Los Angeles
Listed Date:
Feb 18, 2025
State:
CA
ZIP:
90042
Lot Size:
6,923 sqft / 0.16 acres (approx)
Year Built:
1909
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Schools
Interior
Accessibility Features
None
Appliances
Gas Oven
Fireplace Features
None
Flooring
Laminate, Tile
Interior Features
Ceiling Fan(s)
Exterior
Foundation Details
Raised
Lot Features
Rectangular Lot
Parking Features
Concrete
Parking Spots
5.00
Pool Features
None
Roof
Composition, Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s), Automatic Gate
Sewer
Sewer Paid
Spa Features
None
Stories Total
2
View
None
Financial
Tenant Pays
Gas, Electricity, Trash Collection
Map
Community
- Address140 S Avenue 58 Los Angeles CA
- Area632 – Highland Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90042
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140 S Avenue 58
Los Angeles, CA
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