1337 South Highland Avenue
$1,250,000
8
8
6,256
6,256
$200
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...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
- Listed by Douglas Steinriede • DRE #00284936 • Brokerage DRE #00284936 • Dover Management Corp.
Property Details for 1337 South Highland Avenue
Zoning
LAR3
Cross StreetsS Highland Avenue and W Pico Boulevard
Parcel Number5070001008
Total Units8.0
Living Area6256
Source Living AreaVendor Enhanced
AreaHancock Park-Wilshire
Vacancy Rate3%
LISTING UPDATED: 11/22/2024 01:45 PM
Property Details for 1337 South Highland Avenue
Status | Active |
---|---|
MLS # | 24-453401 |
Days on Market | 103 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1928 |
Lot Size | 0.21 AC / 8,998 SF |
County | Los Angeles County |
Building Information for 1337 South Highland Avenue
Stories-Residences-Year Built1928Building Size-Lot Size0.21 AC / 8,998 SF
Property Information for 1337 South Highland Avenue
Property History for 1337 South Highland Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1337 South Highland Avenue
Taxable ValueLand$36,741Additions$54,049Total$90,790
Tax Record2024$2,338 ($195 / month)
Home Facts
Total Finished SqFt6,256 SqFtAbove Grade Finished SqFt6,256 SqFtLot Size8,995 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLAR3CountyLOS ANGELESAPN5070-001-008
Schools near 1337 South Highland Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 6 to 12 |
Rating | School | Distance |
---|---|---|
Saturn Street Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
Los Angeles Senior High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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