tomo logo

$1,350,000

Beds
10
sq ft
3,384

140 S Avenue 58, Los Angeles, CA 90042

140 S Avenue 58

Los Angeles, CA 90042

  • 5 days on market
    • Open house Feb 23
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.

Details

Property type

Property condition

Fixer

Lot size

6,923 sq ft

Price per sq ft

$399

Year built

1909

HOA

No

Price History

02/18/2025
CLAW

CLAW #25499913

Listed
$1,350,000
+76.47%
06/26/2015
CRMLS

CRMLS #WS15071632

Sold
$765,000

Schools & Community

Neighborhood: 

Highland Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

High school district: 

Los Angeles Unified

Status: Active

Tomo last checked: 02/23/2025 at 6:40 AM

Listing updated: 02/20/2025 at 1:25 PM

Listed by: Dana Coronado, Compass Phone #: (818) 783-7721

MLS: CLAW #25499913

CLAW logo

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