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327 Avenue 57
Los Angeles, CA 90042
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.
PROPERTY INFORMATION
| MLS # | GD24186749 | Lot Size | 5,048 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | Quadruplex |
| Price | $ 1,100,000
Price Per SqFt: $ 380 |
DOM | 256 Days |
| Address | 327 Avenue 57 | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,898 Sq. Ft. |
| Postal Code | 90042 | Garage | N/A |
| County | Los Angeles | Year Built | 1955 |
| Bed / Bath | 7 / 0 | Parking | 4 |
| Built In | 1955 | Status | Active |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Common Area |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Gas Range, Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Laminate |
| EntryLocation | 1 |
| Entry Level | 1 |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Window Bars |
EXTERIOR FEATURES
| Roof | Rolled/Hot Mop, Shingle |
| Has Pool | No |
| Pool | None |
| Has Fence | Yes |
| Fencing | Chain Link |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,173
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 09/13/2024 | Listed | $1,100,000 |
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Listing provided courtesy of Levon Arzumanyan, The Agency - Studio City. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
