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    141 S Avenue 57

    Los Angeles (City), CA 90042
    • $1,997,000
    • STATUS: Active
    • ON SITE: 186 days
    • ID#: SR21057922
    UPDATED: 50 min ago
    $1,997,000
    • 0
      BEDS
    • 0.4
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,790
      SQFT
    • $417
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1933
    County:

    School Ratings & Info

    Description

    Amazing opportunity in Highland Park! Great land with a total of five units, zoning for LARD2 in a HPOZ zoned for endless possibilities. Currently, configured as Three (3) separate structures with Five (5) units that are currently tenants occupied a total of 14 bedrooms and 7.5 bathrooms. Potential to build 4 more units, new subdivision with existing structures on this one parcel and many opportunities to renovate this LARD2 HPOZ zoned property. A great source of income potential to build 4 more units as the lot size is 17,424. Los Angeles Historic Cultural Monument off Figueroa street in the heart of Highland Park, close proximity to Highland Park Bowl, Highland Park Theater, Pop Physique, and The Greyhound Bar & Grill. Offer subject to interior inspection once offer is accepted. Buyers/Investors to do their own investigation on the information submitted plus more, Long term tenants.Front House has 4br 2bath downstairs plus laundry hook ups, and 4br 1.5bath upstairs the other 3 units have 2br 2bath, 2br 1.5bath, and 2br 1.5 bath

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-25T07:34:17.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
    www.marknazzalrealty.com/homes/115358126
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    141 S Avenue 57 Los Angeles (City), CA 90042

    • Price: $1,997,000
    • Status: Active
    • Updated: 50 min ago
    • ID#: SR21057922
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.4
    Acres
    4,790
    SQFT
    $417
    $/SQFT
    1933
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    Amazing opportunity in Highland Park! Great land with a total of five units, zoning for LARD2 in a HPOZ zoned for endless possibilities. Currently, configured as Three (3) separate structures with Five (5) units that are currently tenants occupied a total of 14 bedrooms and 7.5 bathrooms. Potential to build 4 more units, new subdivision with existing structures on this one parcel and many opportunities to renovate this LARD2 HPOZ zoned property. A great source of income potential to build 4 more units as the lot size is 17,424. Los Angeles Historic Cultural Monument off Figueroa street in the heart of Highland Park, close proximity to Highland Park Bowl, Highland Park Theater, Pop Physique, and The Greyhound Bar & Grill. Offer subject to interior inspection once offer is accepted. Buyers/Investors to do their own investigation on the information submitted plus more, Long term tenants.Front House has 4br 2bath downstairs plus laundry hook ups, and 4br 1.5bath upstairs the other 3 units have 2br 2bath, 2br 1.5bath, and 2br 1.5 bath
    Exterior Features

    Lot Features Near Park Number Of Separate Electric Meters 5 Parking Features OtherOn Street Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Common Interest None Community Features CurbsSidewalksPark Contingency 1031 Exchange Electric Expense 0 Fuel Expense 0 Garage YN No Gross Income 108482 Gross Scheduled Income 108482 Insurance Expense 1915 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New LoanConventional1031 Exchange Net Operating Income 86067 New Construction YN No New Taxes Expense 8500 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 5 Operating Expense 22415 Rent Control YN Yes Senior Community YN No Sewer Unknown Special Listing Conditions Standard Trash Expense 0 Water Sewer Expense 0 Water Source Public Zoning Lard2

    Listing provided courtesy of Giovany Kirakossian of Johnhart Real Estate and Patricia Mendoza of Johnhart Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-25T07:34:17.027. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center. Licensed in the State of California, USA.
     
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    Mark Nazzal Real Estate Group | Keller Williams Realty - Redlands Market Center
    1473 Ford St., Suite 200
    Redlands CA, 92373