140 S Avenue 58
Los Angeles, CA 90042
3384 sqft | 10 beds | 0.16 acres | #25499913
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.
Property Details
- School DistrictLos Angeles Unified
- Property SubtypeResidentialIncome
- Lot DescriptionRectangularLot
- Property TypeMulti-Family
- Sewer InformationSewerTapPaid
- InteriorCeilingFans
- CountyLos Angeles
- Original List Price$1,350,000
- MLS #25499913
- MLS #25499913
- Cost1350000
- Acres0.1589
- FoundationRaised
- Square Feet3384
- Year Built1909
- Bedrooms10
- Stories2
Location
Legal
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Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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
Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Dana Coronado (#CLW-X89926)
Listing Office: Compass (#CLW-X8146116)
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