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$1,250,000
1337 S Highland AVE Los Angeles, CA 90019
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$1,250,000
Est. payment /mo
8 BD
8 BA
6,256 SqFt
Active Under Contract
1337 S Highland AVE Los Angeles, CA 90019
UPDATED:
10/16/2024 06:54 PM
Key Details
Property Type Multi-Family
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 6,256 sqft
Price per Sqft $199
MLS Listing ID 24453401
Bedrooms 8
HOA Y/N No
Year Built 1928
Lot Size 8,999 Sqft
Property 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 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
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Fireplace No
Exterior
Garage Uncovered
Parking Type Uncovered
Building
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5070001008
Special Listing Condition Standard
Listed by Douglas Steinriede • Dover Management Corp.