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1337 S Highland Ave, Los Angeles, CA 90019
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1337 S Highland Ave Los Angeles, CA 90019

$1,250,000
  • -- Beds
  • -- Baths
  • 6,256 Sq.Ft.
For Sale
$1,250,000 Get Pre-Qualified
Map preview of 1337 S Highland Ave, Los Angeles, CA 90019

Property Overview: 1337 S Highland Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 6,256 living square feet and 8,998 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: The garden style asset, 1337 S. Highland Avenue, is comprised of two adjacent apartment buildings with a total of eight units situated in the diverse Mid City neighborhood of Los Angeles. The asset boasts eight tandem parking spaces located directly in front of the property. The unit mix consists of eight large, well-designed one-bedroom / one bathroom units that include outdoor space for added convenience and appeal.The low price per unit establishes a strong initial investment basis, making it attractive for buyers looking to maximize their return. Notably, the property has a significant potential upside in rents, indicating substantial room for income growth and increased profitability via bringing down operational expenditures. This property offers a compelling value add investment opportunity to new ownership. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue. SOLD AS-IS. SUBJECT TO COURT APPROVAL AND OVERBID

Listed by Douglas Steinriede | BRE #00284936 | Dover Management Corp.
Last checked: 12 minutes ago | Last updated: August 28th, 2024 | Source CRMLS | DOM: 38

Home details

Lot Sq. Ft
8,998
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Other
Status
Active
MLS#
24431375
City
Los Angeles
County
Los Angeles
Time on Site
23 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1337 S Highland Ave

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Garden, Irregular Lot
Property Information
  • Total # of Units: 8
  • Parcel Number: 5070001008
Location / Neighborhood
Location Information
  • Directions: Located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue.
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Sale History for 1337 S Highland Ave

View property's historical transactions

  • August, 2024

  • Aug 11, 2024

    Date

    Active

    CRMLS: 24431375

    $1,250,000

    Price

Tax History for 1337 S Highland Ave

Assessed Value (2020): $84,679
Year Land Value Improved Value Assessed Value
2020 $34,268 $50,411 $84,679

Home Value Compared to the Market

This property vs the competition

1337 S Highland Ave is listed 4.17% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $199.81 per/sqft which puts the price per square foot 73.98% lower than the median price per square foot for the city of Los Angeles.

About 1337 S Highland Ave

Detailed summary of property

1337 S Highland Ave is a other located in Los Angeles, CA 90019 and is currently for sale. This property offers -- bedrooms, -- bathrooms, roughly 6,256 living square feet, and sits on an approximately 8,998 square foot lot. 1337 S Highland Ave was first listed on ArdentRealEstateGroup.com on August 27, 2024. The homeowner is currently asking $1,250,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 4.17% higher than the median priced home. Local competing homes currently for sale include 3956 W Slauson Ave, 5022 S Western Ave and 6836 Crenshaw Blvd. While the average home in Los Angeles, CA is selling in 106 days, 1337 S Highland Ave has a days on market of 38 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 1337 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 1337 S Highland Ave

Public county record property details
Beds
8
Baths
8
Year built
1928
Sq. Ft.
6,256
Lot Size
8,995
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
64
APN
5070-001-008

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
$1,450,000
Median List Price/Sq.Ft.
$703
Median Sold Price
$1,277,500
Median Sold Price/Sq.Ft.
$715
Total Inventory
95
Median Sale to List Price %
98.65%
Avg Days on Market
29
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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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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