1337 S Highland Avenue, Los Angeles, CA 90019 - Berkshire Hathaway HomeServices California Properties

1337 S Highland Avenue, Los Angeles, CA 90019

$1,250,000 Approx. USD 0 beds, 0 baths

Listing Agent


Douglas Steinriede | doug@doverla.com
Lic#: 00284936
Broker: Courtesy of Dover Management Corp.

Agent Remarks

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

Listing Details

Trust & Probate
Property type: (Commercial)
Status: Active Under Contract
MLS# 24431375
Price: $1,250,000
HOA Fee is $0.00
Built in 1928
0.21 acres
Lot size: 0.2066
County: Los Angeles
Zoning: LAR3
Lot description: Garden,Irregular Lot
MLS area: C18 - Hancock Park-Wilshire

Last Updated: 12/19/2024

 Days On Market (DOM): 118

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This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.048579, -118.343561.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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