Multi-Family $ 1,125,000

327 S Avenue 57

Los Angeles, CA 90042

  • 5,048 Lot Size
  • 1955 Year Built
**RATE BUY DOWN INCENTIVES AVAILABLE 4.125%** 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 a large non-operating laundry room that is perfectly sized for an easy bedroom conversion to a 2 bed 1 bath in order to increase the rent in the future. 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 financing also available. Unit 3 has been completely renovated and just rented out for $2,345.
Listed by The Agency - Studio City

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Quadruplex

    Listing Status Active

    Purchase Type For Sale

    MLS Listing ID GD25225183

    Construction Status Fixer

    HOA Y/N No

    Year Built 1955

    Lot Size 5,048 Sqft

    Property Sub-Type Quadruplex

  • Location

    State CA

    County Los Angeles

    Area 632 - Highland Park

    Zoning LARD1.5

  • 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

  • Interior

    Heating Wall Furnace

    Cooling Wall/Window Unit(s)

    Flooring Laminate

    Fireplaces Type None

    Fireplace No

    Appliance Gas Range, Refrigerator

    Laundry Common Area

  • Exterior

    Parking Features Carport

    Carport Spaces 4

    Fence Chain Link

    Pool None

    Community Features Sidewalks

    View Y/N No

    View None

    Roof Type Rolled/Hot Mop,Shingle

    Total Parking Spaces 4

    Private Pool No

  • 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

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CONTACT

Levon Arzumanyan
Levon Arzumanyan

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