1637 S Highland Ave, Los Angeles, CA 90019
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1637 S Highland Ave Los Angeles, CA 90019

$1,395,000
  • 4 Beds
  • 3 Baths
  • 2,676 Sq.Ft.
For Sale
$1,395,000 Get Pre-Qualified

Map preview of 1637 S Highland Ave, Los Angeles, CA 90019

Property Overview: 1637 S Highland Ave Los Angeles, CA has 4 bedrooms, 3 bathrooms, 2,676 living square feet and 6,253 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: Looking for a property that can help cover your mortgage and owner occupant can get a 20k grant?!, well then welcome to these well-maintained Spanish-style units, featuring ONE VACANT UNIT- a fantastic opportunity for both owner-users and savvy investors. The front duplex comprises identical 2-bed 1-bath units PLUS an office, boasting hardwood floors and ample natural light. Each unit offers an open floor plan with a spacious living room, dining area, updated kitchen, and laundry room. The back STUDIO unit is currently tenant-occupied. For those keen on maximizing value, there's ample space to build one or more ADUs and the potential to convert existing units into an ADU and Jr. ADU, thereby increasing rental income. Remodeled in 2016, upgrades include new plumbing, electrical, roof, flooring, and updated kitchens and baths. Each unit includes a dishwasher, and washer/dryer (front units), and all bedrooms include ceiling fans (in addition to AC/Heat). Located in the heart of Mid-City, adjacent to sought-after residential neighborhoods like Lafayette Square and Country Club Park, this property offers easy access to the I-10 and I-110 freeways, and is conveniently close to public transportation, making commuting effortless. Just minutes from vibrant Koreatown, residents will enjoy many amenities, including fine dining, entertainment, and shopping centers.

Listed by Elizabeth C. Layne | BRE #01415795 | RE/MAX ESTATE PROPERTIES
Last checked: 12 minutes ago | Last updated: May 5th, 2024 | Source CRMLS | DOM: 17
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Home details

Lot Sq. Ft
6,253
HOA Dues
$0/mo
Year built
1931
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24381655
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,345
  • Total Rent: $1,345
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,600
  • Total Rent: $2,600
  • Pro Forma/Market Rent: $3,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.7
  • Gross Scheduled Income: --
  • Net Operating Income: $0
  • Gross Operating Income: $83,340
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 1637 S Highland Ave

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, Stackable, Individual Room
Room Information
  • Flooring: Wood
  • Den, Recreation
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator, Microwave, Gas Oven
Interior Features
  • Ceiling Fan(s), Cathedral Ceiling(s), Recessed Lighting, Open Floorplan
  • Levels: Two
  • Security Features: Window Bars, Gated Community
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
  • Has Parking
  • Parking Features: Unassigned, Garage - Single Door
Property Information
  • No View
  • View: None
  • Total # of Units: 3
  • Parcel Number: 5067005007
  • Architectural Style: Spanish
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: South of Venice and East of La Brea.
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Sale History for 1637 S Highland Ave

Last sold for $725,000 on May 6th, 2016
  • April, 2024

  • Apr 18, 2024

    Date

    Active

    CRMLS: 24381655

    $1,395,000

    Price

  • May, 2016

  • May 6, 2016

    Date

    Sold (Public Records)

    Public Records

    $725,000

    Price

  • December, 1999

  • Dec 17, 1999

    Date

    Sold (Public Records)

    Public Records

    $195,000

    Price

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Tax History for 1637 S Highland Ave

Assessed Value (2020): $784,762
Year Land Value Improved Value Assessed Value
2020 $541,216 $243,546 $784,762

Home Value Compared to the Market

This property vs the competition

1637 S Highland Ave is listed 11.69% higher than the median list price for the city of Los Angeles which has a median list price of $1,249,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $521.3 per/sqft which puts the price per square foot 32.65% lower than the median price per square foot for the city of Los Angeles.

About 1637 S Highland Ave

Detailed summary of property

1637 S Highland Ave is a multi family located in Los Angeles, CA 90019 and is currently for sale. This multi family property offers 4 bedrooms, 3 bathrooms, roughly 2,676 living square feet, and sits on an approximately 6,253 square foot lot. 1637 S Highland Ave was first listed on ArdentRealEstateGroup.com on April 18, 2024. The homeowner is currently asking $1,395,000. The median priced home in Los Angeles is $1,249,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 11.69% higher than the median priced home. Local competing homes currently for sale include 1432 S Cloverdale Ave, 4809-4811 Dockweiler St and 4516 St Charles Pl. While the average home in Los Angeles, CA is selling in 93 days, 1637 S Highland Ave has a days on market of 17 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 1637 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 1637 S Highland Ave

Public county record property details
Beds
4
Baths
2
Year built
1931
Sq. Ft.
2,396
Lot Size
6,251
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
14
APN
5067-005-007

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
$1,675,000
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
67
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Related Resources to 1637 S Highland Ave

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.