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1311 S Highland Ave, Los Angeles, CA 90019
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1311 S Highland Ave Los Angeles, CA 90019

$1,275,000 Sold Price as of 01/30/2023
  • 8 Beds
  • 4 Baths
  • 3,392 Sq.Ft.
Sold
$1,275,000 Sold Price as of 01/30/2023 Refinance Your Mortgage
Map preview of 1311 S Highland Ave, Los Angeles, CA 90019

Property Overview: 1311 S Highland Ave Los Angeles, CA has 8 bedrooms, 4 bathrooms, 3,392 living square feet and 6,001 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Rare opportunity in prime Mid-City neighborhood! First time on the market in over 55+ years, this LAR3 zoned building features four 2 bedroom, 1 bath units, each with an assigned enclosed garage space that can be used for parking or storage. One unit will be delivered vacant. The vacant unit was lived in by the owner and offers an opportunity for an owner-occupant, developer or investor. Very convenient to public transportation, DTLA, the Grove, Beverly Center, LACMA, and a short distance to many restaurants and shopping on Pico/La Brea/San Vicente, including Ralph's, Lowes, Starbucks, and one block from the new Target and Spouts grocery. Occupied units will be shown with an accepted offer. Please do not disturb the existing tenants or walk the property without an appointment. Hurry, don't miss this great opportunity!

Listed by Makeba Stallings | BRE #01332672 | Coldwell Banker Realty
Last checked: 3 minutes ago | Last updated: January 31st, 2023 | Source CRMLS | DOM: 11

Home details

Lot Sq. Ft
6,001
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22221889
City
Los Angeles
County
Los Angeles
Time on Site
563 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: --
  • Net Operating Income: $36,900
  • Gross Operating Income: $45,000
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1311 S Highland Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Property Information
  • Total # of Units: 4
  • Parcel Number: 5070001003
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: LaBrea and San Vicente
View more facts & features

Local Los Angeles Agent

Sale History for 1311 S Highland Ave

Last sold for $1,275,000 on January 30th, 2023

  • January, 2023

  • Jan 30, 2023

    Date

    Sold

    CRMLS: 22221889

    $1,275,000

    Price

  • Dec 1, 2022

    Date

    Active

    CRMLS: 22221889

    $1,399,000

    Price

Tax History for 1311 S Highland Ave

Assessed Value (2020): $79,740
Year Land Value Improved Value Assessed Value
2020 $24,848 $54,892 $79,740

Home Value Compared to the Market

This property vs the competition

1311 S Highland Ave sold on January 30, 2023 for 12.83% higher than the current median sold price for the city of Los Angeles which is $1,130,000. The median sold price per/sqft for Los Angeles is $754 and this home is sold at $375.88 per/sqft which puts the price per square foot 50.15% lower than the current median sale per square foot for the city of Los Angeles.

About 1311 S Highland Ave

Detailed summary of property

1311 S Highland Ave is a multi family that recently sold in Los Angeles, CA 90019. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 3,392 living square feet, and sits on an approximately 6,001 square foot lot. 1311 S Highland Ave was first listed on ArdentRealEstateGroup.com on December 2, 2022. The homeowner sold the property for $1,275,000. Home in Los Angeles are selling for a median price of $1,130,000 and a median price per square foot of $754. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 12.83% higher than the current median priced home. Local homes that are currently for sale include 1946 S Harcourt Ave, 1460 S Burnside Ave and 1363 Hauser Blvd. While the average home in Los Angeles, CA is selling in 97 days, 1311 S Highland Ave has a days on market of 11 days. There are currently 3891 homes for sale in the Los Angeles real estate market and 2627 of them are single family homes while 1154 of them are condos and 103 are townhomes. For more information on this home for sale at 1311 S Highland Ave Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1311 S Highland Ave

Public county record property details
Beds
8
Baths
4
Year built
--
Sq. Ft.
3,392
Lot Size
6,000
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
59
APN
5070-001-003

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,495,000
Median List Price/Sq.Ft.
$683
Median Sold Price
$1,500,000
Median Sold Price/Sq.Ft.
$678
Total Inventory
74
Median Sale to List Price %
100.07%
Avg Days on Market
38
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (11.11%), Other (11.11%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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