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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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327 S Avenue 57 Los Angeles, CA 90042
$1,049,000 0 beds, 0 baths
0 sqft
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Agent Remarks

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. With unit #3 being remodeled and vacant – it’s a great opportunity for an owner occupant to move-in, or a family member. 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. Seller may consider financing a carry-back loan with a qualified buyer and optimal terms.

Listing Details

Property type: Quadruplex (Multi-Family)
Status: Active Under Contract
MLS# GD24186749
List price is $1,049,000 Reduced by $51,000 on 5/29/2025
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1955
2 stories
0.12 acres
Lot size: 0.1159
County: Los Angeles
Zoning: LARD1.5
Construction: Stucco
Appliances: Gas Range,Refrigerator
Parking description: Carport
Lot description: ZeroToOneUnitAcre
Heating/cooling: Wall/Window Unit(s)
Heating description: Wall Furnace
MLS area: 632 - Highland Park

Last Updated: 6/11/2025

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This listing belongs to the 632 - Highland Park MLS area

Lat/Long: 34.104608, -118.191990.
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Listing Agent: Levon Arzumanyan
Co Listing Agent: Sevan Baroni
Lic#: 01276603
Office Name: Tustin

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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