327 S Avenue 57
Los Angeles, CA, 90042
$1,100,000
Beds
0 Baths
SqFt
0.12 Acres
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A unique opportunity to own a 4-unit income property in trendy Highland Park, close to Figueroa, and walkable to Highland Park Bowl, HomeState restaurant, Civil Coffee &#38' Mendocino Farms. This property sits on a spacious 5,048 Sqft. lot that is zoned LARD 1.5 with a 42’x120’ dimension. The property consists of: (3) two beds &#38' one bath' (1) one bed &#38' one bath. Two of the 2 bed/1 bath units are approx. 750 sf and another is approx. 700 sf, with the one bedroom being around 600 sf. However, the 1 bed unit’s adjoining large laundry room is perfectly sized for an easy bedroom conversion to a 2 bed 1 bath in order to increase the rent in the future. With unit #3 being vacant now – it’s a great opportunity for an owner occupant to move-in, a family member, or to improve the unit and bring aboard a new tenant. The shared driveway allows each unit to access its one-car private carport space in the rear of the building, which may have the space for a potential ADU add-on above the four parking spots. This is a great value add-on opportunity for an investor to fix and renovate for a buy and hold or to flip. Additionally, the location offers convenient freeway access and proximity to Downtown LA, Pasadena, and the Metro Gold Line, making it ideal for those seeking the best of urban living in Highland Park. Whether for investment or personal use, this property offers a fantastic opportunity in one of the city&#39's hottest neighborhoods. Seller may consider financing a carry-back loan with a qualified buyer and optimal terms.

Property Details

Price:
$1,100,000
MLS #:
GD24186749
Status:
Active
Baths:
0
Address:
327 S Avenue 57
Type:
Residential Income
Subtype:
Quadruplex
Neighborhood:
632highlandpark
City:
Los Angeles
Listed Date:
Sep 9, 2024
State:
CA
ZIP:
90042
Lot Size:
5,048 sqft / 0.12 acres (approx)
Year Built:
1955
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Interior

Appliances
Gas Range, Refrigerator
Cooling
Wall/ Window Unit(s)
Fireplace Features
None
Flooring
Laminate
Heating
Wall Furnace

Exterior

Community Features
Sidewalks
Electric
Standard
Fencing
Chain Link
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Carport
Parking Spots
4.00
Pool Features
None
Roof
Rolled/ Hot Mop, Shingle
Security Features
Window Bars
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public

Financial

Association Fee
0.00
Tenant Pays
Electricity, Gas, Other, Trash Collection

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327 S Avenue 57
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