327 South Ave 57
$1,100,000
7
4
2,898
2,898
$380
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...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.
- Listed by Levon Arzumanyan • DRE #01836944 • Brokerage DRE #01904054 • The Agency - Studio City • 213-414-8088
- Listed by Sevan Baroni • DRE #01804043 • Brokerage DRE #02030759 • NextHome Luxe Group
Property Details for 327 South Ave 57
View
None
Parking Spaces Total4
Private PoolNo
Cooling TypeWall/Window
Total Units4.0
Lot Size SourceAssessor
Property Attached YNtrue
Common Walls2+ Common Walls
LISTING UPDATED: 10/08/2024 08:11 AM
Property Details for 327 South Ave 57
Status | Active |
---|---|
MLS # | GD24186749 |
Days on Market | 52 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1955 |
Lot Size | 0.12 AC / 5,048 SF |
County | Los Angeles County |
Building Information for 327 South Ave 57
Stories2Residences-Year Built1955Building Size-Lot Size0.12 AC / 5,048 SF
Property Information for 327 South Ave 57
Property History for 327 South Ave 57
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 327 South Ave 57
Taxable ValueLand$728,280Additions$416,160Total$1,144,440
Tax Record2024$14,186 ($1,182 / month)
Home Facts
Total Finished SqFt2,898 SqFtAbove Grade Finished SqFt2,898 SqFtLot Size5,046 SqFtStyleQuadraplexYear Built1955ZoningLARD1.5CountyLOS ANGELESAPN5492-005-023
Schools near 327 South Ave 57
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 - | K 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 | ||
Arroyo Seco Museum Science PublicK 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.
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