Los Angeles, CA 90042,140 S Avenue 58
Los Angeles, CA 90042,140 S Avenue 58
Los Angeles, CA 90042,140 S Avenue 58
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$1,350,000
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10 BD
5 BA
3,384 SqFt
Open Sun 1PM-4PM

140 S Avenue 58 Los Angeles, CA 90042

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Sun Feb 23, 1:00pm - 4:00pm

UPDATED:

02/19/2025 08:56 PM

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


TheMLS (CLAW)
Listed by Compass

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agent

Joshua Shorter

RE.S.0191694

+1(702) 728-0089

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140 S Avenue 58