327 S Avenue 57 Los Angeles, CA

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S Avenue,los Angeles, Home For Sale

Price: $1,100,000
Address: 327 S Avenue 57
City: Los Angeles
State: CA
Zip:
Amenities: Parking
Bathrooms: 4
Bedrooms: 7
Fee: No
Provided By: RealtyWW

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 and Mendocino Farms. This property sits on a spacious 5, 048 Sqft. lot that is zoned LARD 1.5 with a 42x120 dimension. The property consists of: (3) two beds and one bath; (1) one bed and 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 units 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 vacating by September 30, 2024 its 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.

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