140 S Avenue 58 Open House Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90042
OPEN HOUSE
Sun Feb 23, 1:00pm - 4:00pm
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,384 sqft
Price per Sqft $398
MLS Listing ID 25499913
Bedrooms 10
Year Built 1909
Lot Size 6,921 Sqft
Property 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.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD1.5
Interior
Flooring Laminate,Tile
Fireplaces Type None
Inclusions Sale includes RTI Permits for a remodel of 2 units, and non-RTI plans for a rear detached 3Br+3Ba ADU.
Exterior
Parking Features Concrete
Pool None
View Y/N No
View None
Roof Type Composition,Shingle
Building
Lot Description Rectangular Lot
Story 2
Foundation Raised
Sewer Sewer Tap Paid
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard