1337 S Highland Avenue, Los Angeles, CA 90019
- $1,250,000
- List Price
- $1,250,000
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 24431375
- Year Built
- 1928
- Lot Size
- 8,998
- Acres
- 0.21
- Lot Location
- Garden, Irregular Lot
- Days on Market
- 713
- Property Type
- Commercial
Property 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
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Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 8
- Probate
- Yes
Listing courtesy of Listing Agent: Douglas Steinriede (doug@doverla.com) from Listing Office: Dover Management Corp..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.