1337 S Highland Avenue

Los Angeles, CA 90019

$1,250,000

List Price

N/A

bed Beds

shower Baths

N/A sqft

straighten / sqft

1928

calendar_month Built

Property Description

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

Listing Information

List Price $1,250,000
Status Active
MLS 24431375
HOA $0
Type Commercial
Year Built 1928
Lot Size 8,998
Structure Size N/A
DOM 17
Courtesy Of Dover Management Corp.
Listing Agent Douglas Steinriede DRE#00284936

Interior Features

Total Bedroom
Bedrooms N/A

Exterior Information

Maps

Listing information courtesy of: Douglas Steinriede, Dover Management Corp. . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:30 PM 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.