CA > Los Angeles
Los Angeles, CA 90019,1337 S Highland AVE
Los Angeles, CA 90019,1337 S Highland AVE
Los Angeles, CA 90019,1337 S Highland AVE
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$1,250,000
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6,256 SqFt
Active

1337 S Highland AVE Los Angeles, CA 90019

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Nathan King Real Estate Group

Nathan King Real Estate Group

+1(559) 396-0000

UPDATED:

09/30/2024 06:30 PM

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 6,256 sqft

Price per Sqft $199

MLS Listing ID 24431375

HOA Y/N No

Year Built 1928

Lot Size 8,999 Sqft

Property Description

The garden style asset, 1337 S. Highland Avenue, is comprised of two adjacent apartment buildings with a total of eight units situated in the diverse Mid City neighborhood of Los Angeles. The asset boasts eight tandem parking spaces located directly in front of the property. The unit mix consists of eight large, well-designed one-bedroom / one bathroom units that include outdoor space for added convenience and appeal.The low price per unit establishes a strong initial investment basis, making it attractive for buyers looking to maximize their return. Notably, the property has a significant potential upside in rents, indicating substantial room for income growth and increased profitability via bringing down operational expenditures. This property offers a compelling value add investment opportunity to new ownership. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue. SOLD AS-IS. SUBJECT TO COURT APPROVAL AND OVERBID

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Fireplace No

Building

Lot Description Garden, Irregular Lot

Story 2

Others

Tax ID 5070001008

Acceptable Financing Subject To Other

Listing Terms Subject To Other

Special Listing Condition Probate Listing

California Regional MLS (CRMLS)
Listed by Douglas Steinriede • Dover Management Corp.

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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