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Sold for $1,100,000 on 02/06/25
  • $1,100,000

    311 S Avenue 59, Los Angeles, CA 90042

    4beds
    4baths
    3,260sqft
    Multi Family
    Built in 1948
    -- sqft lot
    $1,077,400 Zestimate®
    $337/sqft
    $3,875 Estimated rent

    What's special

    4-Plex in Highland Park Prime Opportunity for Owner Occupancy or Investment! Welcome to a rare gem in the heart of trendy Highland Park! This 4-unit property sits on a spacious corner lot, offering an excellent opportunity for savvy investors or owner-occupants looking to house hack. With one unit currently vacant, you can move in, accommodate a family member, or handpick your ideal tenant. Each apartment features 2 bedrooms and 1 bathroom, averaging a generous 806 SF per unit (per title). The layouts include one large bedroom and a versatile smaller bedroom without a closet, perfect for an office, guest room, or creative space. Two units boast charming bonus office nooks off the kitchen, adding extra flexibility for tenants who work from home. The property is designed with convenience in mind: Separate hot water heaters and meters for reduced operating costs. A closet at the end of each hallway, ideal for in-unit stackable washer/dryers.Professionally managed, ensuring low maintenance and hassle-free operations. An outdoor patio area adds to the property's appeal, offering tenants a shared recreational space perfect for barbecues, gatherings, or simply enjoying the beautiful Southern California weather. Located in a prime Highland Park neighborhood, just moments from Figueroa's vibrant shops, cafes, and nightlife, with easy access to the 110 Freeway, this property offers convenience and desirability in one of LA's most sought-after communities. Whether you're looking to live in one unit and rent out the others or add a solid income-generating property to your portfolio, this 4-plex is a rare find. Don't miss this chance to own a versatile and profitable property in one of LA's hottest markets! Schedule your showing today!

    Zillow last checked: 7 hours ago

    Listing updated: February 06, 2025 at 04:32am

    Listed by:

    Charlie Coronado DRE # 01723306 323-841-2911,

    Compass 818-783-7721,

    Paul Imbro DRE # 02083261,

    Compass

    Bought with:

    Amirah Safieddine, DRE # 01913886

    Berkshire Hathaway H.S.C.P.

    Source: CLAW,MLS#: 24-460485MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    Bathroom
    • Features: Low Flow Shower(s), Low Flow Toilet(s)
    Heating
    • Wall
    Cooling
    • Wall Unit(s)
    Appliances
    • Included: Gas Oven, Range/Oven, Other Water Heater Type
    Features
    • Flooring: Carpet
    • Has fireplace: No
    • Fireplace features: None
    Interior area
    • Total structure area: 3,260
    • Total interior livable area: 3,260 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Gated
    • Uncovered spaces: 4
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Multi/Split
    • Patio & porch: None
    • Pool features: None
    • Spa features: None
    • Has view: Yes
    • View description: None
    • Waterfront features: None
    Lot
    • Size: 6,599 sqft
    • Features: Corner Lot
    Details
    • Additional structures: None
    • Parcel number: 5492019007
    • Zoning: LARD1.5
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Materials
    • Frame, Wood Siding
    Condition
    • No Additions/Alter
    • Year built: 1948

    Utilities & green energy

    • Sewer: In Connected and Paid
    • Water: Public

    Community & neighborhood

    Security
    • Security features: Gated, Carbon Monoxide Detector(s), Smoke Detector(s)
    Location
    • Region: Los Angeles
    Services availability
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    Estimated market value

    $1,077,400