140 S Avenue 58 Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90042
OPEN HOUSE
Sat Feb 22, 11:00am - 2:00pm
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,384 sqft
Price per Sqft $398
MLS Listing ID 25499913
Style Craftsman
Bedrooms 10
Construction Status Fixer
Year Built 1909
Lot Size 6,923 Sqft
Acres 0.1589
Property Sub-Type Multi-Family
Property Description
Rare Sale of a 100% Vacant, Value-Add Triplex in Prime Highland Park! Less than a block from Figueroa & all the hotspots that make Highland Park one of the most vibey neighborhoods in Northeast LA. Final unit mix after remodel and ADU construction could be: a 3Br+2Ba 1,086 SF unit, a 3Br+2Ba 1,152 SF unit, a 1Br+1Ba 612 SF unit, and a rear detached two story ADU 3Br+3Ba and 1,180 SF. Potential future income is appx $14,000 per month! WOW! The 1Br+1Ba has already been fully renovated. RTI permits to remodel 2 units in front, plus approved plans to build a rear 1,100 SF ADU will transfer with the sale (value of over $100,000!) RTI Permits means Ready To Issue - after escrow is closed the Buyer just pays the permit fees and begins construction immediately! A huge value! This property would make an ideal TIC conversion, owner-user property, or stabilized cash flowing investment once renovated. Full marketing package available upon request.
Location
State CA
County Los Angeles
Area Highland Park
Zoning LARD1.5
Rooms
Other Rooms None
Interior
Interior Features None
Heating Wall Gas
Cooling Ceiling Fan
Flooring Laminate, Tile
Fireplaces Type None
Inclusions Sale includes RTI Permits for a remodel of 2 units, and non-RTI plans for a rear detached 3Br+3Ba ADU.
Equipment Ceiling Fan, Range/Oven, Gas Dryer Hookup, Washer, Dryer
Laundry In Unit
Exterior
Parking Features Driveway - Concrete, Driveway Gate
Garage Spaces 5.0
Pool None
Waterfront Description None
View Y/N No
View None
Roof Type Composition, Shingle
Handicap Access None
Building
Lot Description Lot Shape-Rectangular, Fenced Yard
Story 2
Foundation Raised
Sewer In Connected and Paid
Water Public
Architectural Style Craftsman
Level or Stories Multi/Split
Structure Type Frame, Wood Siding
Construction Status Fixer
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard