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 Sun Feb 23, 1:00pm - 4:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,384 sqft
Price per Sqft $398
MLS Listing ID 25499913
Bedrooms 10
Construction Status Fixer
HOA Y/N No
Year Built 1909
Lot Size 6,921 Sqft
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 632 - Highland Park
Zoning LARD1.5
Interior
Interior Features Ceiling Fan(s)
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.
Fireplace No
Appliance Gas Oven,Dryer,Washer
Exterior
Parking Features Concrete
Pool None
View Y/N No
View None
Roof Type Composition,Shingle
Accessibility None
Porch None
Total Parking Spaces 5
Private Pool No
Building
Lot Description Rectangular Lot
Faces East
Story 2
Entry Level Multi/Split
Foundation Raised
Sewer Sewer Tap Paid
Architectural Style Craftsman
Level or Stories Multi/Split
New Construction No
Construction Status Fixer
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5492002002
Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard