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140 S Avenue 58

Los Angeles, CA 90042

– beds
– baths
– sqft
6,923 sqft lot
1909 build
– on site

Rare Sale of a 100% Vacant, Value-Add Triplex in Prime Highland Park! Less than a block from Figueroa & all the hotspots that make Highland Park one of the most vibey neighborhoods in Northeast LA. Final unit mix after remodel and ADU construction could be: a 3Br+2Ba 1,086 SF unit, a 3Br+2Ba 1,152 SF unit, a 1Br+1Ba 612 SF unit, and a rear detached two story ADU 3Br+3Ba and 1,180 SF. Potential future income is appx $14,000 per month! WOW! The 1Br+1Ba has already been fully renovated. RTI permits to remodel 2 units in front, plus approved plans to build a rear 1,100 SF ADU will transfer with the sale (value of over $100,000!) RTI Permits means Ready To Issue - after escrow is closed the Buyer just pays the permit fees and begins construction immediately! A huge value! This property would make an ideal TIC conversion, owner-user property, or stabilized cash flowing investment once renovated. Full marketing package available upon request.

Listed By CRMLS_CA / Dana Coronado / Compass

Last checked: Checking… • Last updated Feb 20, 2025 •

MLS# 25499913 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1909
New Construction:

No
Construction Materials:

Frame, Wood Siding
Building Area Total:

3384.00
Total Number Of Units:

3
# of Buildings:

1
Architectural Style:

Craftsman
Roof:

Composition, Shingle
Foundation:

Raised
Stories Total:

2
Accessibility Features:

None
Faces:

East

Interior

Features:

Ceiling Fan(s)
Levels:

Multi/Split
Entry Location:

Ground Level w/steps
Flooring:

Laminate, Tile
Fireplace:

No
Fireplace:

None
Laundry:

Washer Included, Dryer Included
Laundry:

1

Financial & Terms

Disclosures:

Rent Control, Principal Is RE Licensed

Location

Directions:

South on Avenue 58 from Figueroa.
Latitude:

34.10868000
Longitude:

-118.19148900

The Property

Property Type:

Residential Income
Property Condition:

Fixer
Zoning:

LARD1.5
Lot Features:

Rectangular Lot
Lot Size Area:

6923.0000
Lot Size Acres:

0.1589
Lot Size SqFt:

6923.00
Lot Size Source:

Assessor
View:

None
Security Features:

Carbon Monoxide Detector(s), Smoke Detector(s), Automatic Gate
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5492002002

Utilities

Sewer:

Sewer Paid

Appliances

Appliances:

Gas Oven
Included:

Yes

The Community

Inclusions:

Sale includes RTI Permits for a remodel of 2 units, and non-RTI plans for a rear detached 3Br+3Ba ADU.
Association:

No
Pool:

None
Senior Community:

No
Private Pool:

No
Spa Features:

None
Assessments:

No

Parking

Parking:

Yes
Parking:

Concrete
Parking Spaces:

5.00
Uncovered Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/18/25 Feb 18, 2025	Listed / Active	CRMLS_CA	$1,350,000	76.5% (7.9% / YR)
6/26/15 Jun 26, 2015		CRMLS_CA	$765,000

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This multifamily located in Northeast LA, Los Angeles, CA 90042 is currently for sale for $1,350,000. 140 S Avenue 58 is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 140 S Avenue 58 is in the Northeast LA neighborhood of Los Angeles and has a WalkScore® of 95, making it a walker’s paradise. This multifamily is in the attendance area of Luther Burbank Middle School Arts/Technology/Community Magnet, Benjamin Franklin High School, Richard Riordan Primary Center, and Monte Vista Street Elementary School.

Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 00:08 on Feb 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.