327 S Avenue 57, Los Angeles, CA 90042

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Glen Henderson

[email protected] +1(619) 889-7646

$1,125,000

Est. payment - /mo

7 Beds

5,048 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID GD25225183

Bedrooms 7

Lot Size 5,048 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Conventional,Seller May Carry

Property Type Res Income 2-4 Units

Property Description

**RATE BUY DOWN INCENTIVES AVAILABLE 4.125%** 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 42x120 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 units adjoining a large non-operating laundry room that is perfectly sized for an easy bedroom conversion to a 2 bed 1 bath in order to increase the rent in the future. 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. Unit 3 has been completely renovated and just rented out for $2,345.

Location

State CA

County Los Angeles

Zoning Assessor

Direction N of Via Marisol

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Roof Type Rolled/Hot Mop

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5492005023

Acceptable Financing Conventional, Seller May Carry

Listing Terms Conventional, Seller May Carry

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Listed by Levon Arzumanyan The Agency - Studio City

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

327 S Avenue 57 Los Angeles, CA 90042

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Get More Information