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327 S Avenue 57

Los Angeles, CA 90042

– beds
– baths
– sqft
5,048 sqft lot
1955 build
– on site

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 Highland Park. Whether for investment or personal use, this property offers a fantastic opportunity in one of the city's hottest neighborhoods. Seller may consider financing a carry-back loan with a qualified buyer and optimal terms.

Listed By CRMLS_CA / Levon Arzumanyan / The Agency - Studio City / 213-414-8088

Last checked: Checking… • Last updated Oct 8, 2024 •

MLS# GD24186749 —

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

The Building

Year Built:

1955
Year Built Source:

Assessor
New Construction:

No
Construction Materials:

Stucco
Roof:

Rolled/Hot Mop, Shingle
Entry Level:

1
Common Walls:

2+ Common Walls
Building Area Total:

2898.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

4
Stories Total:

2
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Levels:

Two
Entry Location:

1
Flooring:

Laminate
Fireplace:

No
Fireplace:

None
Laundry:

Common Area
Laundry:

1

Location

Directions:

N of Via Marisol
Latitude:

34.10460800
Longitude:

-118.19199000

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Fixer
Zoning:

LARD1.5
Lot Features:

0-1 Unit/Acre
Lot Size Area:

5048.0000
Lot Size Acres:

0.1159
Lot Size SqFt:

5048.00
Lot Size Source:

Assessor
View:

None
Fencing:

Chain Link
Fence:

Yes
Security Features:

Window Bars
Road Surface Type:

Paved
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

10
Tax Census Tract:

1837.01
Tax Tract:

37
Tax Lot:

14

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5492005023

Heating & Cooling

Heating:

1
Heating:

Wall Furnace
Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Utilities

Sewer:

Public Sewer
Electric:

Standard
Water Source:

Public

Appliances

Appliances:

Gas Range, Refrigerator
Included:

Yes

The Community

Senior Community:

No
Features:

Sidewalks
Pool:

None
Private Pool:

No
Spa Features:

None
Association:

No
Assessments:

No
Assessments:

None

Parking

Parking:

Yes
Parking:

Carport
Parking Spaces:

4.00
Carport Spaces:

4.00

Extra Units

Average 1 Bed Area:

600
Average 2 Bed Area:

733

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
9/13/24 Sep 13, 2024	Listed / Active	CRMLS_CA	$1,100,000

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This multifamily located in Northeast LA, Los Angeles, CA 90042 is currently for sale for $1,100,000. 327 S Avenue 57 is a – square foot multifamily with – beds and – baths that has been on Estately for 71 days. 327 S Avenue 57 is in the Northeast LA neighborhood of Los Angeles and has a WalkScore® of 77, making it very walkable. This multifamily is in the attendance area of Luther Burbank Middle School Arts/Technology/Community Magnet, Bushnell Way Elementary School, and Benjamin Franklin High School.

Listing Courtesy of: CRMLS_CA and The Agency - Studio City. Based on information from California Regional Multiple Listing Service, Inc. as of 05:32 on Nov 23.

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.