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    1837 S Highland Ave

    Los Angeles, CA 90019
    • $1,497,000
    • STATUS: Active Under Contract
    • ON SITE: 37 days
    • ID#: 21-702378
    Under Contract
    UPDATED: 39 min ago
    $1,497,000
    • 7
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,773
      SQFT
    • $540
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:

    School Ratings & Info

    School District:

    Description

    Solid price reduction for this immaculate fully renovated Triplex listing in a prime Mid-City location at 1837 S. Highland Avenue, LA 90019. Featuring a fantastic unit mix with two large 3 bedroom 2 bath units & a detached rear 1 bedroom 1 bath unit with 2,773 total rentable SF. Seller will be delivering one unit vacant at closing. This Mid-City property is very well-located in an Opportunity Zone, adjacent to the highly desirable Lafayette Square & Picfair Village neighborhoods in a nice residential pocket. It is close to La Brea & only minutes from the 10 Freeway for ease of access/commuting. The property underwent a complete renovation in 2018 including: new plumbing; electrical; central heat/AC; new roof for front duplex; new soft stucco/paint; washer/dryers & full upgrading of all units interiors. The rear building's roof was also replaced in 2020. This totally turnkey Highland triplex presents a great opportunity both for an owner-user buyer looking to take occupancy themselves + have great rental income to assist with the bulk of their mortgage payments, or for an investor/1031 buyer looking to enjoy strong, stable income with total ease of management and no capital improvements required. Contact us today for more details!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T12:42:44.36. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.lydiagable.com/homes/114882074
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    1837 S Highland Ave Los Angeles, CA 90019

    • Price: $1,497,000
    • Status: Active Under Contract
    • Updated: 39 min ago
    • ID#: 21-702378
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    2,773
    SQFT
    $540
    $/SQFT
    1940
    Built
    Neighborhood:
    Tract # 5870 Lot 9 Blk 7
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    School District:
    Los Angeles Unified
    Property Description
    Solid price reduction for this immaculate fully renovated Triplex listing in a prime Mid-City location at 1837 S. Highland Avenue, LA 90019. Featuring a fantastic unit mix with two large 3 bedroom 2 bath units & a detached rear 1 bedroom 1 bath unit with 2,773 total rentable SF. Seller will be delivering one unit vacant at closing. This Mid-City property is very well-located in an Opportunity Zone, adjacent to the highly desirable Lafayette Square & Picfair Village neighborhoods in a nice residential pocket. It is close to La Brea & only minutes from the 10 Freeway for ease of access/commuting. The property underwent a complete renovation in 2018 including: new plumbing; electrical; central heat/AC; new roof for front duplex; new soft stucco/paint; washer/dryers & full upgrading of all units interiors. The rear building's roof was also replaced in 2020. This totally turnkey Highland triplex presents a great opportunity both for an owner-user buyer looking to take occupancy themselves + have great rental income to assist with the bulk of their mortgage payments, or for an investor/1031 buyer looking to enjoy strong, stable income with total ease of management and no capital improvements required. Contact us today for more details!
    Exterior Features

    Cross Streets Highland & Washington Blvd Direction Faces East Entry Location Ground Level W/Steps Exterior Construction Stucco Lot Description Front Yard Lot Size Area 5617 Other Structures None Parking Garage Assigned Patio Features Porch - Front Paved YN Yes Pool Description None Pool YN No Roof AsphaltFlat Spa None Spa YN No Sprinklers None Style Spanish Tennis Court None Tennis YN No Total Parking 3 View Description City View YN Yes

    Interior Features

    Baths Total 5.00 Bedroom Features All Bedrooms Down Common Walls Attached Cooking Appliances Gas/Electric RangeOven Cooling Air ConditioningCeiling FanCentral Equipment Built-InsCableCeiling FanDishwasherDryerFreezerGarbage DisposalGas Dryer HookupRange/OvenRefrigeratorStackable W/D HookupWasher Fireplace Rooms None Flooring Wood Heating Central Kitchen Features Granite Counters Laundry In Unit Laundry Equipment Own Water Heater Features Gas

    Property Features

    Alley YN No Assessed Total Value 242337 Gross Income 90792 Gross Operating Income 90792 Like Units1 1 Like Units2 1 Like Units3 1 Monthly Gross Income 7800.00 Net Operating Income 65530.00 Number Of Buildings 2 Number Of Units 3 Owner Pays WaterOther Property Condition Updated/Remodeled Rent Control YN Yes Sale Type Standard Sewer In Street Source Living Area Assessor Source Lot Size Area Assessor Tenant Pays GasElectricity Total Annual Expense 25262 TVServices Cable Tv Type Of Units Rental Water Public Water Heaters YN Yes Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Matthew Dunfrund DRE# of Keller Williams Realty Los Feliz.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-15T12:42:44.36. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    Lydia Gable Realty Group | Compass
    2945 Townsgate Road Suite 300
    Westlake Villiage CA, 91377