311 S Avenue 59

Los Angeles, CA 90042

PRICE REDUCED

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-$93,000 (-7.83%)

$1,095,000

List Price

4

bed Beds

4

shower Baths

3,260 sqft

straighten / sqft

1948

calendar_month Built

Property Description

4-Plex in Highland Park Prime Opportunity for Owner Occupancy or Investment! Welcome to a rare gem in the heart of trendy Highland Park! This 4-unit property sits on a spacious corner lot, offering an excellent opportunity for savvy investors or owner-occupants looking to house hack. With one unit currently vacant, you can move in, accommodate a family member, or handpick your ideal tenant. Each apartment features 2 bedrooms and 1 bathroom, averaging a generous 806 SF per unit (per title). The layouts include one large bedroom and a versatile smaller bedroom without a closet, perfect for an office, guest room, or creative space. Two units boast charming bonus office nooks off the kitchen, adding extra flexibility for tenants who work from home. The property is designed with convenience in mind: Separate hot water heaters and meters for reduced operating costs. A closet at the end of each hallway, ideal for in-unit stackable washer/dryers.Professionally managed, ensuring low maintenance and hassle-free operations. An outdoor patio area adds to the property's appeal, offering tenants a shared recreational space perfect for barbecues, gatherings, or simply enjoying the beautiful Southern California weather. Located in a prime Highland Park neighborhood, just moments from Figueroa's vibrant shops, cafes, and nightlife, with easy access to the 110 Freeway, this property offers convenience and desirability in one of LA's most sought-after communities. Whether you're looking to live in one unit and rent out the others or add a solid income-generating property to your portfolio, this 4-plex is a rare find. Don't miss this chance to own a versatile and profitable property in one of LA's hottest markets! Schedule your showing today!

Listing Information

List Price $1,095,000
Status Active
MLS 24460485
Type Residential Income
Year Built 1948
Lot Size 6,599
Structure Size 3,260
DOM 38
Courtesy Of Compass
Listing Agent Charlie Coronado DRE#01723306
Co-Listing Agent Paul Imbro DRE#02083261

Interior Features

Total Bedroom
Bedrooms 4
Bathroom Information
Features Low Flow Plumbing Fixtures
Total Bathroom
Bathrooms 4
Flooring Information
Material Carpet
Fireplace Information
Features None

Exterior Information

Other Structures
Features None

Maps

Listing information courtesy of: Charlie Coronado, Paul Imbro, Compass 323-841-2911. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 14th, 2024 at 12:50 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.