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327 S Avenue 57

Los Angeles, CA 90042

$1,100,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1955

calendar_month Built

Property Description

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 & 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 & one bath; (1) one bed & 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's hottest neighborhoods. Seller may consider financing a carry-back loan with a qualified buyer and optimal terms.

Listing Information

List Price $1,100,000
Status Active
MLS GD24186749
HOA $0
Type Residential Income
Subtype Quadruplex
Year Built 1955
Lot Size 5,048
Structure Size N/A
DOM 25
Courtesy Of The Agency - Studio City
Listing Agent Levon Arzumanyan DRE#01836944
Co-Listing Agent Sevan Baroni DRE#01804043

Interior Features

Laundry Information
Location(s) Common Area
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Flooring Information
Material Laminate
Fireplace Information
Features None
Cooling Type
Cooling Type Wall/Window Unit(s)

Exterior Information

Maps

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Listing information courtesy of: Levon Arzumanyan, Sevan Baroni, The Agency - Studio City . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 8th, 2024 at 10:13 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.