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Listed by Levon Arzumanyan • The Agency - Studio City
$1,049,000
Est. payment /mo
5,048 Sqft Lot
Price Dropped by $51K
327 S Avenue 57 Los Angeles, CA 90042
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD24186749
Year Built 1955
Lot Size 5,048 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
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 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. With unit #3 being remodeled and vacant - it's a great opportunity for an owner occupant to move-in, or a family member. 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. Whet
Location
State CA
County Los Angeles
Area 632 - Highland Park
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Rolled Composition,Shingle
Building
Water District - Public
Others
Tax ID 5492005023
Special Listing Condition Not Applicable
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