Properties

Los Angeles, CA 90042 327 S Avenue 57

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Presented By: Levon Arzumanyan with The Agency - Studio City; 213-414-8088
  • MLS# GD25225183
  • 09/24/2025
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  • Baths • 1
  • SQFT • 2,898

Home Details

**RATE BUY DOWN INCENTIVES AVAILABLE 4.125%** 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 42โ€™x120โ€™ 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 unitโ€™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. 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. Unit 3 has been completely renovated and just rented out for $2,345.
Presented By: Levon Arzumanyan with The Agency - Studio City; 213-414-8088

Interior Features for 327 S Avenue 57

Other Interior Features

Air Conditioning Y/NYes
Common Walls2+ Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesCommon Area
Total Stories2

Other Rooms

Entry Level1

General for 327 S Avenue 57

Additional Parcels Y/NNo
AppliancesGas Range, Refrigerator
Building Area UnitsSquare Feet
Cap Rate3.62
Carport Spaces4
Carport Y/NYes
CityLos Angeles
Community FeaturesSidewalks
Construction MaterialsStucco
Contingency**RATE BUY DOWN INCENTIVES AVAILABLE 4.125%**
CoolingWall/Window Unit(s)
CountyLos Angeles
DirectionsN of Via Marisol
ElectricStandard
Electric Expense
Entry Location1
Fuel Expense1498
Garage Spaces
Garage Y/NNo
Gross Income
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense1823
Land Lease Y/NNo
LevelsTwo
Listing TermsConventional, Owner Will Carry, Owner May Carry
Lot Size Square Feet5048
Lot Size UnitsSquare Feet
MLS Area632 - Highland Park
Net Operating Income40685
New ConstructionNo
Number Of Units Total4
Number of Units Leased4
Operating Expense32617
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityLOS ANGELES
Property Attached Y/NYes
Property ConditionFixer
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent Control Y/NYes
RoofRolled/Hot Mop, Shingle
Security FeaturesWindow Bars
Senior Community Y/NNo
SewerPublic Sewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Tax Lot14
Taxes$13,914
Tenant PaysElectricity, Gas, Other, Trash Collection
Total Actual Rent73302
Trash Expense1910
ViewNone
Water Sewer Expense3856
Year Built1955
Year Built SourceAssessor
ZoningLARD1.5

Exterior for 327 S Avenue 57

Building Area Total2898
FencingChain Link
Lot Features0-1 Unit/Acre
Lot Size Acres0.1159
Lot Size Area5048
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Parking FeaturesCarport
Pool Charge0
Private PoolNo
Road Surface TypePaved
SpaNo
Total Parking4
Water SourcePublic

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $1,125,000
MLS#GD25225183
List Date 09/24/2025
Property Type Multi-Family
Phone 888.795.6274
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