327 S. Ave 57

Highland Park, CA 90042

$1,100,000 Listing #252981
7 Beds 4 Baths 2,898 sq ft Year Built: 1955 Multi-Unit

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.

Interior Features

Square Feet 2,898

Exterior Features

Lot Size 5048
Courtesy of Sevan Baroni, NextHome Luxe Group
This content last updated on 11/23/2024 8:25 AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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Sean Baroni

Sean Baroni Broker / Owner

NextHome Luxe Group Glendale

CalDRE #: 01804043 CalDRE #: 02030759 Office: 818.650.2530
Languages: English, Armenian
Expertise Types: Commercial, Mortgage, New Homes, Relocation, Land, TIC, Condominiums, Residential Investment, REO, Short Sale, Foreclosure, Probate, Estate Bankruptcy, Single Family Homes, Townhomes
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