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100% Vacant 3 Units in Highland Park

$1,350,000

144 S Ave 58

# of Units: 3

GRM: 9.38

CAP Rate: 8.06%

Price/SF: $399

Building SF: 3,384

Lot SF: 7,000

Zoning: LARD1.5

Year Built: 1909

Description

Welcome to 144 S Ave 58! Rare Sell of 3 Value Add Units in Prime Highland Park! 100% Vacant! Comes with RTI permits to remodel front two units and plans to build a rear 1100 SF ADU. Unit 1 has been newly renovated, boosting the property’s value. Walking distance from Figueroa Street which has tons of new restaurants, shops, cafes, plus more.

 

Location

Highland Park has something for everyone and this location gives you access to it all! Nestled in the heart of Highland Park only a few blocks from Figueroa, this property is surrounded by a wide array of local amenities! Home values have risen 7.8% in the last year, and the average home value in Highland Park is $1,138,000. There are several new up & coming restaurants, shops, cafes, and more. Bars: La Cuevita, Gold Line, Lodge Room, The Greyhound, Good Housekeeping HLP. Restaurants: Hippo, Jeff’s Table, Living Color Juice, Folliero’s Italian, Highly Likely, Checker Hall, Mendocino Farms, HomeState, Triple Beam Pizza. Cafes: Go Get Em Tiger, Kitchen Mouse Cafe, Civil Coffee, Kindness & Mischief, La Monarca Bakery & Cafe. Dessert: The Kind Dessert, Jeni’s Ice Cream, After’s Ice Cream, Baskin Robbins. Stores: Wasteland, Avalon Vintage, Sunbeam Vintage, Gimmie Gimmie Records, Kindred. Entertainment: Chicken Boy, Highland Park Bowl.

Property Highlights

  • Rare Sell of 3 Value Add Units in Prime Highland Park

  • 100% Vacant!

  • Triplex in Highland Park near Figueroa's hottest shops, cafes, bars, & restaurants.

  • Unit 1 has been newly Renovated.

  • Comes with RTI permits to remodel front two units and plans to build a rear 1100 SF ADU.

  • Spacious Units Average Appx 800 SF Each.

  • Well Managed, Turnkey Property

  • Large Parking Lot w/ADU Potential

  • Separately Metered For Gas & Electricity

  • Low Expenses & Low Maintenance Property

  • 95 Walk Score *Walker’s Paradise*

  • Purchase With Residential Financing - Call For Loan Programs & Options!

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