Los Angeles, CA 90042 140 S Avenue 58
$1,100,000
12 more
Presented By: Dana Coronado with Compass;
Beds • 10
Baths • 5
SQFT • 3,384
Year Built • 1909
Home Details
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.
Presented By: Dana Coronado with Compass;
Interior Features for 140 S Avenue 58
Bedrooms
Total Bedrooms10
Bathrooms
Half Baths0
Total Baths5
1/4 Baths
3/4 Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NNo
Interior AmenitiesCeilingFans
LivingAreaSourceAssessor
Total Stories2
General for 140 S Avenue 58
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGasOven, Dryer, Washer
Architectural StyleCraftsman
Attached Garage No
Carport Y/NNo
CityLos Angeles
Construction MaterialsFrame, WoodSiding
CountyLos Angeles
DirectionsSouth on Avenue 58 from Figueroa.
DisclosuresPrincipalIsRealEstateLicensed, RentControl
Electric On Property Y/NNo
Entry LocationGround Level w/steps
Facing DirectionEast
Full Baths
Garage Y/NNo
Gross Income144000.0
HOANo
High School DistrictLos Angeles Unified
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsMultiSplit
Listing TermsCash
Lot Size Square Feet6923.0
Lot Size UnitsSquareFeet
MLS Area632 - Highland Park
MobileHomeRemainsYNNo
Net Operating Income111873.0
New ConstructionNo
Number Of Units Total3
Occupancy TypeVacant
Open Parking Spaces5.0
Patio/Porch FeaturesNone
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NNo
Property ConditionFixer
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Shingle
Security FeaturesCarbonMonoxideDetectors, SecurityGate, SmokeDetectors
Senior Community Y/NNo
SewerSewerTapPaid
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tenant PaysElectricity, Gas, TrashCollection
ViewNone
Year Built1909
ZoningLARD1.5
Exterior for 140 S Avenue 58
Building Area Total3384.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
InclusionsSale includes RTI Permits for a remodel of 2 units, and non-RTI plans for a rear detached 3Br+3Ba ADU.
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1589
Lot Size Area6923.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesConcrete
Private PoolNo
SpaNo
Total Parking5.0
Waterfront Y/NNo
Additional Details
Price History
Keegan Cin
Team Lead
