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Listed by Douglas Steinriede - DRE #00284936 - Dover Management Corp. 818-843-5200

$1,250,000

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1337 Highland Avenue Los Angeles, CA 90019

Cluster Residence

8 Beds

8 Baths

6,256 Sq. Ft.

0.21 Acre Lot

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Last updated on 11/14/2024 10:54 PM

Listing Details

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 Continue reading

MLS#

24453401

Property Type

Cluster

Status

Active Under Contract

Bedrooms

Bathrooms

Year Built

1928

Square Feet

6,256 sq. ft