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Listed by Levon Arzumanyan • The Agency - Studio City
$ 1,150,000
Est. payment /mo
Price Dropped by $25K
327 S Avenue 57 Los Angeles, CA 90042
5,048 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRGD25225183
Year Built 1955
Lot Size 5,048 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property Description
**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. With unit #3 being remodeled and vacant - it's a great opportunity for an owner occupant to move-in, or a family member. 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 t
Location
State CA
County Los Angeles
Area 632 - Highland Park
Rooms
Kitchen Oven Range - Gas, Refrigerator
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Laundry Area
Exterior
Parking Features Carport
Garage Spaces 4.0
Pool 31, None
View None
Roof Type Rolled Composition,Shingle
Building
Water District - Public
Others
Tax ID 5492005023
Special Listing Condition Not Applicable
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