223 S Avenue 57, Los Angeles, CA, 90042

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$1,399,000
17 Days On Site

223 S Avenue 57
Los Angeles, CA 90042

For Sale|Residential Income|Active Under Contract
6
Beds
4
Total Baths
2,633
SqFt
$531
/SqFt
1918
Built
County:
Los Angeles
Listed by Ken Shapiro of Silverwood Properties kenhshapiro@gmail.com
Call Now: 951-203-4426
Is this the listing for you? We can help make it yours.
951-203-4426
223 S Avenue 57223 S Avenue 57223 S Avenue 57223 S Avenue 57
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Monthly Payment (Est.)

$6,383
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Rare opportunity to acquire a high-performing multi-family property that perfectly combines prime location, exceptional condition, and strong cash flow. Situated on a sprawling 10,300 sq ft lot, two of the units in this unique four-unit compound are detached (no common walls) two bedroom dwellings, complete with their own private yard, offering an unparalleled level of privacy. The larger of these two has a massive fenced back yard, with mature fruit trees, and a latticed covered patio. The other one has just been beautifully and thoroughly renovated, sitting vacant and ready for immediate occupancy or market-rate leasing. The property is a dream for both pure investors and owner-occupiers alike. Every unit is meticulously maintained and features mini-split heating and A/C systems in all bedrooms and common areas for optimal, efficient climate control. Recent upgrades include plumbing fully replaced inside and out with pex pipes in all four units; new roof on three of the four units; upgraded electrical in three of the four units; sewer line for the 1 bed units on the east side of the property recently re-lined. Additional amenities include dedicated two-car tandem parking for each unit (including individual garage spaces), a secure coin-operated laundry room servicing the property, and dishwasher in the largest unit. Set back from a tree-lined street, this property sits directly across the street from the iconic "La Tierra de la Culebra Art Park." The park, while City owned, is lovingly cared for and contributed to (art-wise) by the local neighbors, giving a 'neighborhood' vibe that is rare to find in L.A. Another big plus - the property is a 5 minute walk to the nearest Gold Line metro stop that goes right through Highland Park, and stretches from Pasadena to Downtown L.A.P.S. Incredible value-add potential! The garage spaces will be delivered completely vacant at the close of escrow. Given the expansive lot size and California's highly favorable multifamily ADU laws, this offers a premier opportunity for a future garage-to-ADU conversion to maximize your rental income buyer to verify capacity with the city!

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Listing Snapshot
Price 
$1,399,000
Days On Site 
17 Days
Bedrooms 
6
Inside Area (SqFt) 
2,633 sqft
Total Baths 
4
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.238 Acres
Year Built 
1918
MLS® Number 
26952553
Status 
Active Under Contract
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
a week agoListing updated with changes from the MLS®
a week agoStatus changed to Active Under Contract
2 weeks agoListing first seen on site
General Features
Acres 
0.238
Garage 
Yes
Garage Spaces 
4
Levels 
One
Number Of Stories 
1
Parking 
Detached Carport
Parking Spaces 
8
Special Circumstances 
Standard
SqFt Total 
2633
Zoning 
LARD1.5
Interior Features
Appliances 
DishwasherRefrigeratorDryerWasher
Cooling 
Central Air
Heating 
Central
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Community Features
MLS Area 
632 - Highland Park


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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