Property listed by Dover Management Corp., Douglas Steinriede 818-843-5200
$1,250,000
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… Read More 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 Read Less
Listing Snapshot
Days Online
196
Last Updated
Property Type
Other
Beds
8
Square Ft.
6,256
Lot Size
0.21 Acres
Year Built
1928
MLS Number
24453401
30 Days Snapshot Of 90019
$1,155k
-29%
(avg) sold price
10
-23%
homes sold
165
+55%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1928, Building area total: 6,256, Levels: One, Living area: 6256, 1 story, 2 buildings
Income
Gross income: $93,408, Net operating income: $39,152
Lot
0.2066 acres, 8,998 square feet, Size: 8,998
Parking
Uncovered
Property
Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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