140 S Avenue 58,Los Angeles, CA 90042
Los Angeles, CA 90042
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.
Details
| MLS # | 25499913 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1909 |
| Days On Site | 146 |
| Listing Provided By | Compass | Dana Coronado |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 5 |
| SQ Feet | 3,384 |
| Story(s) | 2 |
| Units | 3 |
| Building(s) | 1 |
| Zoning | LARD1.5 |
| Acreage | 0.16 |
| Property View | None |
Interior
| Interior Features | Ceiling Fans |
|---|---|
| Appliances | Gas Oven, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Shingle |
|---|---|
| Security Features | Carbon Monoxide Detectors, Security Gate, Smoke Detectors |
| Construction Materials | Frame, Wood Siding |
| Foundation Details | Raised |
| Lot Features | Rectangular Lot |
Parking
| Parking Features | Concrete |
|---|
Utilities
| Sewer | Sewer Tap Paid |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90042 |
| Area | 632 Highland Park |
| School District | Los Angeles Unified |
