327 S Avenue 57, Los Angeles, CA 90042

• 7 beds
• 2,898 sqft

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. With unit #3 being remodeled and vacant – it's a great opportunity for an owner occupant to move-in, or a family member. 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

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

Interior

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

Exterior

• General: Other
• Parking: Other

Construction

• General: Stucco

Location

• HOA Amenities: 0.0
• County: Los Angeles

Lot

• Zoning: LARD5492005023
• View: None
• Fencing: Chain Link

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