327 S Avenue 57 Los Angeles, CA 90042

Listing Agency The Agency - Studio City

Listed by Levon Arzumanyan · License #01836944

Source Crexi

Added: Sep 25, 2025 Checked: Jul 15 at 11:04 pm

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Investment Insights

Based on property information with market context.

This four-unit income property is located in Highland Park, near Figueroa. The property is within walking distance of Highland Park Bowl, HomeState restaurant, Civil Coffee, and Mendocino Farms. Situated on a 5,048 square foot lot zoned LARD 1.5 with dimensions of 42x120, the property features three two-bedroom, one-bath units and one one-bedroom, one-bath unit. Two of the two-bedroom units are approximately 750 square feet, while the third is approximately 700 square feet. The one-bedroom unit is around 600 square feet and adjoins a large, non-operating laundry room that could be converted into a bedroom to increase rental income. A shared driveway provides access to individual one-car carport spaces for each unit at the rear of the building, with potential for an ADU above the parking spots. This property presents a value-add opportunity for investors looking to renovate and hold or flip. The location offers convenient freeway access and proximity to Downtown LA, Pasadena, and the Metro Gold Line. Unit 3 has been completely renovated and recently rented for $2,345.

Key Highlights

• Rate buy down incentives available (4.125%).
• Four‑unit income property in trendy Highland Park location near Figueroa.
• Value‑add opportunity: potential to convert laundry room into a bedroom to increase rent.

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FAQs

What type of property is this?

Quadplex - Four-unit property in Highland Park with value-add potential.

Where is this quadplex located?

The property is located at 327 S Avenue 57 Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,125,000.

What are key features of this property?

This property features: Rate buy down incentives available (4.125%).; Four‑unit income property in trendy Highland Park location near Figueroa.; Value‑add opportunity: potential to convert laundry room into a bedroom to increase rent.