327 S Avenue 57, Los Angeles, CA 90042
Local realty services provided by:Better Homes and Gardens Real Estate Champions
327 S Avenue 57,Los Angeles, CA 90042
$1,125,000
- - Beds
- - Baths
- 2,898 sq. ft.
- Multi-family
- Active
Listed by: levon arzumanyan, tatiana batmanian
Office: the agency - studio city
MLS#:GD25225183
Source:CRMLS
Price summary
- Price:$1,125,000
- Price per sq. ft.:$388.2
About this home
**RATE BUY DOWN INCENTIVES AVAILABLE 4.125%** 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 & Mendocino Farms. This property sits on a spacious 5,048 Sqft. lot that is zoned LARD 1.5 with a 42’x120’ dimension. The property consists of: (3) two beds & one bath; (1) one bed & 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 unit’s adjoining a large non-operating laundry room that is perfectly sized for an easy bedroom conversion to a 2 bed 1 bath in order to increase the rent in the future. 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. This is a great value add-on opportunity for an investor to fix and renovate for a buy and hold or to flip. Additionally, the location offers convenient freeway access and proximity to Downtown LA, Pasadena, and the Metro Gold Line, making it ideal for those seeking the best of urban living in Highland Park. Whether for investment or personal use, this property offers a fantastic opportunity in one of the city's hottest neighborhoods. Unit 3 has been completely renovated and just rented out for $2,345.
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Home facts
- Year built:1955
- Listing ID #:GD25225183
- Added:83 day(s) ago
- Updated:December 19, 2025 at 12:14 PM
Rooms and interior
- Living area:2,898 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
- Heating:Wall Furnance
Structure and exterior
- Roof:Rolled Hot Mop, Shingle
- Year built:1955
- Building area:2,898 sq. ft.
- Lot area:0.12 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,125,000
- Price per sq. ft.:$388.2
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