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David Burchell

david@burchellhometeam.com +1(559) 234-2579

$1,350,000

Est. payment - /mo

10 Beds

5 Baths

3,384 SqFt

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Sat Feb 22, 11:00am - 2:00pm

Sun Feb 23, 1:00pm - 4:00pm

UPDATED:

02/20/2025 09:22 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,384 sqft

Price per Sqft $398

MLS Listing ID 25499913

Bedrooms 10

Construction Status Fixer

HOA Y/N No

Year Built 1909

Lot Size 6,921 Sqft

Property 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.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Flooring Laminate, Tile

Fireplaces Type None

Inclusions Sale includes RTI Permits for a remodel of 2 units, and non-RTI plans for a rear detached 3Br+3Ba ADU.

Fireplace No

Appliance Gas Oven, Dryer, Washer

Exterior

Parking Features Concrete

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility None

Porch None

Total Parking Spaces 5

Private Pool No

Building

Lot Description Rectangular Lot

Faces East

Story 2

Entry Level Multi/Split

Foundation Raised

Sewer Sewer Tap Paid

Architectural Style Craftsman

Level or Stories Multi/Split

New Construction No

Construction Status Fixer

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5492002002

Security Features Carbon Monoxide Detector(s),Security Gate,Smoke Detector(s)

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Standard

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Listed by Dana Coronado • Compass

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David Burchell

+1(559) 234-2579

Team Leader & Realtor | License ID: #02033130

Team Leader & Realtor License ID: #02033130

140 S Avenue 58 Los Angeles, CA 90042

David Burchell

OPEN HOUSE

Key Details

Location

Interior

Exterior

Building

Schools

Others

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