$1,125,000

327 S Avenue 57, Los Angeles, CA 90042

7 beds
2,898 sqft

Multi-Family Home
Built in 1955
5,227sqft lot
—— car garage
$388/sqft
Listed 1 month ago

Property Description

**RATE BUY DOWN INCENTIVES AVAILABLE 4.125%** A unique opportunity to own a 4-unit income property in trendy Highland Park, close to Figueroa, and walkable to Highland Park Bowl, HomeState restaurant, Civil Coffee & Mendocino Farms. This property sits on a spacious 5,048 Sqft. lot that is zoned LARD 1.5 with a 42'x120' dimension. The property consists of: (3) two beds & one bath; (1) one bed & one bath. Two of the 2 bed/1 bath units are approx. 750 sf and another is approx. 700 sf, with the one bedroom being around 600 sf. However, the 1 bed unit's adjoining a large non-operating laundry room that is perfectly sized for an easy bedroom conversion to a 2 bed 1 bath in order to increase the rent in the future. The shared driveway allows each unit to access its one-car private carport space in the rear of the building, which may have the space for a potential ADU add-on above the four parking spots. This is a great value add-on opportunity for an investor to fix and renovate for a buy and hold or to flip. Additionally, the location offers convenient freeway access and proximity to Downtown LA, Pasadena, and the Metro Gold Line, making it ideal for those seeking the best of urban living in Highland Park. Whether for investment or personal use, this property offers a fantastic opportu

Listing Status:: Active
Date Added:: September 26, 2025 at 05:00AM
Listing Office:: The Agency - Studio City : 424-230-3700
Listing Agent:: Levon Arzumanyan : 213-414-8088
MLS ID:: CRGD25225183

Laundry: Common Area
Flooring: Laminate
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

General: Other
Parking: Other

General: Stucco

HOA Amenities: 0.0
County: Los Angeles

Zoning: LARD5492005023
View: None
Fencing: Chain Link

This listing courtesy of Levon Arzumanyan, The Agency - Studio City

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

Ready to Start a VA Loan?

Get Started

NMLS #1907 ^†

Get Prequalified »

Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

Bushnell Way Elementary

5507 Bushnell Way, Los Angeles, CA, 90042

Grades PK-5

0.23 miles away

Arroyo Seco Museum Science

4805 Sycamore Ter, Los Angeles, CA, 90042

Grades KG-8

0.72 miles away

Benjamin Franklin High School

820 N Avenue 54, Los Angeles, CA, 90042

Grades 9-12

0.88 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.