1337 S Highland Avenue , Los Angeles, CA 90019
Los Angeles, CA 90019
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
Details
| MLS# | 24431375 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1928 |
| Days On Site | 21 |
| Listing Provided By | Dover Management Corp. 818-843-5200 | Douglas Steinriede |
Features
| SQ Feet | 6,256 |
|---|---|
| Story(s) | 2 |
| Units | 8 |
| Building(s) | 2 |
| Zoning | LAR3 |
| Acreage | 0.21 |
Market Activity 90019
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90019 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90019) | |
Price: $1,250,000 low | high Med: $1,295,000 SqFt: 6,256 low | high Med: 1,582 $ / SqFt: $200 low | high Med: $819 On Site: 21 low | high Med: 32 | |
