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$1,100,000

Est. payment - /mo

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2,898 SqFt

Active

327 S Avenue 57 Los Angeles, CA 90042

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Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/08/2024 10:13 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,898 sqft

Price per Sqft $379

MLS Listing ID GD24186749

Construction Status Fixer

HOA Y/N No

Year Built 1955

Lot Size 5,048 Sqft

Property Description

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.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Gas Range, Refrigerator

Laundry Common Area

Exterior

Garage Carport

Carport Spaces 4

Fence Chain Link

Pool None

Community Features Sidewalks

View Y/N No

View None

Roof Type Rolled/Hot Mop,Shingle

Parking Type Carport

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Construction Status Fixer

Others

Senior Community No

Tax ID 5492005023

Security Features Window Bars

Energy Description 1498.0

Acceptable Financing Conventional, Owner Will Carry, Owner May Carry

Listing Terms Conventional, Owner Will Carry, Owner May Carry

Special Listing Condition Standard

Listed by Levon Arzumanyan • The Agency - Studio City • 213-414-8088

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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