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311 N Avenue 59, Los Angeles, CA 90042
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311 N Avenue 59 Los Angeles, CA 90042

$1,250,000
  • 4 Beds
  • 4 Baths
  • 3,380 Sq.Ft.
For Sale
$1,250,000 Get Pre-Qualified
Map preview of 311 N Avenue 59, Los Angeles, CA 90042

Property Overview: 311 N Avenue 59 Los Angeles, CA has 4 bedrooms, 4 bathrooms, 3,380 living square feet and 5,815 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: Embrace the opportunity to secure a distinctive investment in the sought-after Highland Park neighborhood! This multi-family residence, boasting four one-bedroom, one-bath units, is strategically located in a rapidly expanding neighborhood. Revel in subtle yet delightful views, complementing the property's appeal. Positioned near the dynamic York Retail Corridor, Highland Park Station, Downtown Los Angeles, South Pasadena, and the San Gabriel Valley, it ensures convenient access to urban amenities. Enjoy proximity to green spaces like the Highland Park Recreation Center and the Historic Southwest Museum, creating a perfect balance of urban and natural attractions. With easy access to the 110 freeway, this property promises not only a valuable real estate investment but also a gateway to a thriving and dynamic community. Seize this exceptional opportunity, make a prudent investment in your future, and become a part of the vibrant Garvanza neighborhood. Located in the Garvanza HPOZ.

Listed by Eddy Chavarria | BRE #01040221 | Las Casas Realty, Inc.
Last checked: 10 minutes ago | Last updated: March 10th, 2024 | Source CRMLS | DOM: 42
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Home details

Lot Sq. Ft
5,815
HOA Dues
$0/mo
Year built
1922
Garage
2 Car
Property Type:
Fourplex
Status
Active
MLS#
GD24044873
City
Los Angeles
County
Los Angeles
Time on Site
56 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Electric Meters: 4
  • # of Gas Meters: 4
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $894
  • Total Rent: $894
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $873
  • Total Rent: $873
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,008
  • Total Rent: $1,008
  • Pro Forma/Market Rent: $2,100
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,700
  • Total Rent: $1,700
  • Pro Forma/Market Rent: $2,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $53,700
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $1,800
  • Insurance: $2,700
  • Water/Sewer: $3,000

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Property Details for 311 N Avenue 59

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 2
  • # of Parking Spaces: 2
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 4
  • Parcel Number: 5484024008
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: West of Monte vista Street North of Avenue 59
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 311 N Avenue 59

Last sold on May 23rd, 1994

  • March, 2024

  • Mar 9, 2024

    Date

    Active

    CRMLS: GD24044873

    $1,250,000

    Price

  • May, 1994

  • May 23, 1994

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 311 N Avenue 59

Assessed Value (2020): $141,824
Year Land Value Improved Value Assessed Value
2020 $57,138 $84,686 $141,824

Home Value Compared to the Market

This property vs the competition

311 N Avenue 59 is listed 1.13% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $369.82 per/sqft which puts the price per square foot 52.16% lower than the median price per square foot for the city of Los Angeles.

About 311 N Avenue 59

Detailed summary of property

311 N Avenue 59 is a fourplex located in Los Angeles, CA 90042 and is currently for sale. This fourplex offers 4 bedrooms, 4 bathrooms, roughly 3,380 living square feet, and sits on an approximately 5,815 square foot lot. 311 N Avenue 59 was first listed on ArdentRealEstateGroup.com on March 5, 2024. The homeowner is currently asking $1,250,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 1.13% higher than the median priced home. Local competing homes currently for sale include 1461 Hepner Ave, 4312 Division St and 3900 Berenice Pl. While the average home in Los Angeles, CA is selling in 96 days, 311 N Avenue 59 has a days on market of 42 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 311 N Avenue 59 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 311 N Avenue 59

Public county record property details
Beds
4
Baths
4
Year built
1922
Sq. Ft.
3,380
Lot Size
5,813
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
5484-024-008

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$999,000
Median List Price/Sq.Ft.
$721
Median Sold Price
$1,000,000
Median Sold Price/Sq.Ft.
$858
Total Inventory
90
Median Sale to List Price %
125.16%
Avg Days on Market
32
Loan Type
Conventional (31.25%), FHA (6.25%), VA (0%), Cash (12.5%), Other (12.5%)

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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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