Property Details
About this Property
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
MLS Listing Information
MLS #
CRGD24186749
MLS Source
California Regional MLS
Days on Site
80
Interior Features
Appliances
Oven Range - Gas, Refrigerator
Flooring
Laminate
Cooling
Window/Wall Unit
Heating
Wall Furnace
Exterior Features
Roof
Rolled/Hot Mop, Shingle
Pool
None
Parking, School, and Other Information
Garage/Parking
Carport, Garage: 0 Car(s)
HOA Fee
$0
Contact Information
Listing Agent
Levon Arzumanyan
The Agency - Studio City
License #: 01836944
Phone: (213) 414-8088
Co-Listing Agent
Sevan Baroni
NextHome Luxe Group
License #: 01804043
Phone: –
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 4 | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 600 | – | 0/0 | – |
| 2 | 733 | – | 0/0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
327 S Avenue 57 is a Residential Income in Los Angeles, CA 90042. This – square foot property sits on a 5,048 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,100,000 and was built in 1955. This address can also be written as 327 S Avenue 57, Los Angeles, CA 90042.
©2024 California Regional MLS. All rights reserved. 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. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
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This listing information is up-to-date as of October 08, 2024. For the most current information, please contact Levon Arzumanyan, (213) 414-8088
