1337 S Highland Avenue

Los Angeles , CA 90019

MLS#: 24431375

$1,250,000

Status: Active Under Contract
Listing number: 24431375
Listing provided by: Dover Management Corp.
Listing agent phone: None
Last update: N/A
On site: 1 year, 6 days ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1928

Sq.Footage

N/A

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

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Other Exterior Features

    Garden

  • Pool

    No

Area & Lot

  • Lot Features

    Garden, Irregular Lot

  • Lot Size(acres)

    0.2066

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,250,000

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

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Location

County

Los Angeles

Elementary School

Middle School

High School

Listing Courtesy of Douglas Steinriede , Dover Management Corp.

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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

1337 S Highland Avenue

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