1337 S Highland Avenue
Los Angeles, CA 90019
6256 sqft | 8 beds | 0.21 acres | #24453401
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
Interior Details
- Bedrooms8
Property Details
- Acres0.2066
- Square Feet6256
Construction Details
- Property TypeMulti-Family
Condition
- Year Built1928
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,250,000
Other
- MLS #24453401
Location
Legal
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Last Updated:Â . Source: CRMLS
Listing Courtesy
Listing Agent: Douglas Steinriede (#CLW-X44193)
Listing Office: Dover Management Corp. (#CLW-X72165)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
