327 S Avenue 57

Los Angeles, CA 90042
  • $1,175,000

    Price
  • 7

    Bed
  • 4

    Bath
  • 2,898

    SqFt

About the Listing G8521 - GD165115383,G165114216

**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 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. Whether for investment or personal use, this property offers a fantastic opportunity in one of the city's hottest neighborhoods. Seller financing also available

Listing Highlights for 327 S Avenue 57

Status Active
Days on Site 29
Property Type Multi-Family
MLS ® GD25225183
Year Built 1955
Total Square Footage 2,898
Lot/Acreage 0.12

Interior Details

  • Bedrooms: 7
  • Bathrooms: 4 Full
  • Appliances: Gas Range, Refrigerator
  • Air Cond: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Fireplaces:
  • Floor: Laminate
  • Above Ground Sq Ft:
  • Below Ground Sq Ft: n/a
  • Basement:
  • Other:
  • Water: Public

Exterior Details

  • Lot Description: 0-1 Unit/Acre,No Land Lease
  • Garage Capacity: N/A
  • Parking Spaces: 4
  • Zoning: LARD1.5
  • Roof: Rolled/Hot Mop,Shingle
  • Others: 2+ Total Units
  • Sewer: Public Sewer
  • Parking Features: Carport

Financial Details

  • Tax Amount: N/A
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 5492005023
  • Tax Year: N/A

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327 S Avenue 57 Los Angeles, CA 90042

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Originating MLS: CA_CRISNET

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