311 South Ave 59

Los Angeles, CA 90042

$1,095,000
Price
4
Beds
4
Baths
3,260 Sq. Ft.
$336 / Sq. Ft.
3,260
Sq. Ft.
$336
per Sq. Ft.

Description

4-Plex in Highland Park Prime Opportunity for Owner Occupancy or Investment! Welcome to a rare gem in the heart of trendy Highland Park! This 4-unit property sits on a spacious corner lot, offering an excellent opportunity for savvy investors or owner-occupants looking to house hack. With one unit currently vacant, you can move in, accommodate a family member, or handpick your ideal tenant. Each apartment features 2 bedrooms and 1 bathroom, averaging a generous 806 SF per unit (per title). The layouts...4-Plex in Highland Park Prime Opportunity for Owner Occupancy or Investment! Welcome to a rare gem in the heart of trendy Highland Park! This 4-unit property sits on a spacious corner lot, offering an excellent opportunity for savvy investors or owner-occupants looking to house hack. With one unit currently vacant, you can move in, accommodate a family member, or handpick your ideal tenant. Each apartment features 2 bedrooms and 1 bathroom, averaging a generous 806 SF per unit (per title). The layouts include one large bedroom and a versatile smaller bedroom without a closet, perfect for an office, guest room, or creative space. Two units boast charming bonus office nooks off the kitchen, adding extra flexibility for tenants who work from home. The property is designed with convenience in mind: Separate hot water heaters and meters for reduced operating costs. A closet at the end of each hallway, ideal for in-unit stackable washer/dryers.Professionally managed, ensuring low maintenance and hassle-free operations. An outdoor patio area adds to the property's appeal, offering tenants a shared recreational space perfect for barbecues, gatherings, or simply enjoying the beautiful Southern California weather. Located in a prime Highland Park neighborhood, just moments from Figueroa's vibrant shops, cafes, and nightlife, with easy access to the 110 Freeway, this property offers convenience and desirability in one of LA's most sought-after communities. Whether you're looking to live in one unit and rent out the others or add a solid income-generating property to your portfolio, this 4-plex is a rare find. Don't miss this chance to own a versatile and profitable property in one of LA's hottest markets! Schedule your showing today!

Listing Agents

  1. Charlie Coronado

    Charlie Coronado

    Listing Agent

    Compass

    DRE #01723306

  2. Paul Imbro

    Paul Imbro

    Alternative Listing Agent

    Compass

    DRE #02083261

    paul.imbro@compass.com

    P: (718)-683-4220

Property Details for 311 South Ave 59

Water Front
None
Zoning
LARD1.5
Style
Unknown
Cross Streets
Benner St and Ave 59
Accessibility Features
None
Parcel Number
5492019007
Total Units
4.0
Living Area
3260
LISTING UPDATED: 12/13/2024 04:30 PM

Property Details for 311 South Ave 59

StatusActive
MLS #24-460485
Days on Market55
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1948
Lot Size0.15 AC / 6,599 SF
CountyLos Angeles County

Building Information for 311 South Ave 59

Stories-Residences-Year Built1948Building Size-Lot Size0.15 AC / 6,599 SF

Property Information for 311 South Ave 59

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Quadruplex
  • View: No
  • View Description: None
  • View: None
  • Security Features: Gated, Carbon Monoxide Detector(s), Smoke Detector
  • Direction Faces: West
  • Property Condition: No Additions/Alter
  • Water: Public
  • Sewer: In Connected and Paid
  • ADA Compliance: No
  • Water Heater Features: Other
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $78,564
  • Net Operating Income: $54,241.00
  • Gross Income: $78,564
  • Gross Rent Multiplier: $.00
  • Owner Pays: Water, Electricity
  • Total Annual Expense: 24323
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Lot Acreage: 0.1515
  • Lot Size Square Feet: 6599
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: Gated
  • Total Parking: 4
  • Open Other Spaces Total: 4
  • Parking Features: Gated
Interior Features
Interior Features
  • Levels: Multi/Split
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Carpet
  • Equipment: Range/Oven
  • Room Bathroom Features: Low Flow Shower, Low Flow Toilet(s)
  • Bathroom Features: Low Flow Shower(s), Low Flow Toilet(s)
  • Cooking Appliances: Oven-Gas
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Sprinklers: None
  • Patio Features: None
  • New Construction: No
  • Construction Materials: Frame, Wood Siding
  • Exterior Construction: Frame, Wood Siding
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 11-05-2024
  • Listing Terms: Cash To New Loan
  • Rent Control: Yes
  • Tenant Pays: Gas, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,025.00
  • Unit Actual Rent: $1,025.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,158.00
  • Unit Actual Rent: $1,158.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,664.00
  • Unit Actual Rent: $1,664.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $69,566.00
  • Assessed Improvement Percent: 20.85
  • Assessed Land Value: $264,099.00
  • Assessed Land Percent: 79.15
  • Assessed Total Value: $333,665.00

Property History for 311 South Ave 59

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 311 South Ave 59

Taxable ValueLand$269,380Additions$70,957Total$340,337
Tax Record2024$4,599 ($383 / month)
Home Facts
Total Finished SqFt3,260 SqFtAbove Grade Finished SqFt3,260 SqFtLot Size6,597 SqFtStyleQuadraplexYear Built1948ZoningLARD1.5CountyLOS ANGELESAPN5492-019-007

Schools near 311 South Ave 59

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Charter - 9 to 12
Public - 6 to 8
Rating
School
Distance
Bushnell Way Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Los Angeles International School
Charter9 to 12

Luther Burbank Middle School
Public6 to 8

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.

Similar Homes

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Similar Sold Homes

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311 South Ave 59 is a multi-family home for sale in Los Angeles, CA 90042. This property was listed for sale on November 5, 2024 by Compass, it's currently listed at $1,095,000. It has been on the market for a total of 55 days and was last sold on November 12, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Bushnell Way Elementary School, Benjamin Franklin Senior High School and Los Angeles International School. 311 South Ave 59 is a 4-bed, 4-bath, 3,260 sqft multi-family home built in 1948.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Charlie Coronado, DRE #01723306; Compass, Paul Imbro, DRE #02083261

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.