Search
311 S Avenue 59, Los Angeles, CA 90042
Image 2 for 311 S Avenue 59, Los Angeles, CA 90042
Image 3 for 311 S Avenue 59, Los Angeles, CA 90042
View Photos

311 S Avenue 59 Los Angeles, CA 90042

$1,275,000
  • 20 Beds
  • 10 Baths
  • 3,260 Sq.Ft.
For Sale
$1,275,000 Get Pre-Qualified
Map preview of 311 S Avenue 59, Los Angeles, CA 90042

Property Overview: 311 S Avenue 59 Los Angeles, CA has 20 bedrooms, 10 bathrooms, 3,260 living square feet and 6,599 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: 1 UNIT CURRENTLY VACANT! Perfect for owner occupancy, family member, or choose your own tenant! Rare opportunity to buy a turnkey 4plex in hip Highland Park on a large corner lot with parking! All apartments are 2 bedroom and 1 bathroom, and the spacious units average 806 SF each per title. Each apartment has one large bedroom and one smaller bedroom with no closet. Two apartments have small office areas off the kitchen, and all units have a closet at the end of the hallway that would be prefect for in unit stackable washer/dryers. There are separate hot water heaters and meters, and the property is professionally managed. Expenses are naturally low on a building like this. This property is in a prime area of Highland Park near Figueroa and with easy access to the 110 Freeway. All in all, this is an excellent investment in a stellar location.

Listed by Dana Coronado | BRE #01746702 | Compass
Last checked: 3 minutes ago | Last updated: September 10th, 2024 | Source CRMLS | DOM: 51

Home details

Lot Sq. Ft
6,599
HOA Dues
$0/mo
Year built
1948
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24421267
City
Los Angeles
County
Los Angeles
Time on Site
50 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,158
  • Total Rent: $1,158
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,664
  • Total Rent: $1,664
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 4
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,025
  • Total Rent: $1,025
  • Pro Forma/Market Rent: $2,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.23
  • Gross Scheduled Income: --
  • Net Operating Income: $53,153
  • Gross Operating Income: $78,564
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 311 S Avenue 59

No upcoming open houses

Schedule Tour

Property Details for 311 S Avenue 59

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Tile
Kitchen Information
  • Has Appliances
  • Disposal, Gas Oven
Interior Features
  • Levels: Two
  • Security Features: Gated Community, Smoke Detector(s), Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • 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: Gated
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5492019007
  • Architectural Style: Mid Century Modern
  • Foundation Details: Raised
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Sewer Paid
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Between Figueroa and the 110
View more facts & features

Local Los Angeles Agent

Sale History for 311 S Avenue 59

Last sold for $235,000 on February 14th, 2002

  • July, 2024

  • Jul 30, 2024

    Date

    Active

    CRMLS: 24421267

    $1,275,000

    Price

  • April, 2023

  • Apr 12, 2023

    Date

    Canceled

    CRMLS: 22208001

    $1,195,000

    Price

  • Oct 12, 2022

    Date

    Active

    CRMLS: 22208001

    $1,395,000

    Price

  • Listing provided courtesy of CRMLS

    NEW PRICE!! Motivated seller will contribute to a Buyer rate buydown! Great Investment opportunity in prime Highland Park, this Four Unit property consist of 4 large 1b 1b, 815 sq. ft units that all include a bonus room. One unit is willing to vacate at COE. Gated parking, large lot, and walkable to bustling Figueroa St make this a renter's dream. There is tons of upside potential here, and the property is currently operating at a 4.5% CAP rate. A great addition to any portfolio, do not disturb occupants, shown with an accepted offer only.

  • February, 2002

  • Feb 14, 2002

    Date

    Sold (Public Records)

    Public Records

    $235,000

    Price

  • March, 1999

  • Mar 19, 1999

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 311 S Avenue 59

Assessed Value (2020): $317,423
Year Land Value Improved Value Assessed Value
2020 $251,243 $66,180 $317,423

Home Value Compared to the Market

This property vs the competition

311 S Avenue 59 is listed 6.25% 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 $391.1 per/sqft which puts the price per square foot 49.07% lower than the median price per square foot for the city of Los Angeles.

About 311 S Avenue 59

Detailed summary of property

311 S Avenue 59 is a multi family located in Los Angeles, CA 90042 and is currently for sale. This multi family property offers 20 bedrooms, 10 bathrooms, roughly 3,260 living square feet, and sits on an approximately 6,599 square foot lot. 311 S Avenue 59 was first listed on ArdentRealEstateGroup.com on July 30, 2024. The homeowner is currently asking $1,275,000. 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 6.25% higher than the median priced home. Local competing homes currently for sale include 6108 Strickland Ave, 3900 Berenice Pl and 3901 Carlota Blvd. While the average home in Los Angeles, CA is selling in 106 days, 311 S Avenue 59 has a days on market of 51 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 311 S 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 S Avenue 59

Public county record property details
Beds
4
Baths
4
Year built
1948
Sq. Ft.
3,260
Lot Size
6,597
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5492-019-007

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
$995,000
Median List Price/Sq.Ft.
$800
Median Sold Price
$1,210,001
Median Sold Price/Sq.Ft.
$863
Total Inventory
112
Median Sale to List Price %
121.12%
Avg Days on Market
29
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (16.67%), Other (16.67%)

Tour This Home

Image Description
Contact Jon
Los Angeles Agent
Call, Text or Message
(714) 706-1823

Homes for Sale Near 311 S Avenue 59

Nearby Homes for Sale

5938 E Echo St, Los Angeles, CA 90042
$1,190,000
48 Beds
24 Baths
2180 Sq.Ft.
5938 E Echo St
Los Angeles, CA 90042
327 S Avenue 57, Los Angeles, CA 90042
$1,100,000
7 Beds
4 Baths
2898 Sq.Ft.
327 S Avenue 57
Los Angeles, CA 90042
5621 Carlota Blvd, Los Angeles, CA 90042
$1,499,000
6 Beds
4 Baths
-- Sq.Ft.
5621 Carlota Blvd
Los Angeles, CA 90042
225 N Avenue 57, Los Angeles, CA 90042
$1,399,888
5 Beds
3 Baths
3000 Sq.Ft.
225 N Avenue 57
Los Angeles, CA 90042
301 S Avenue 55, Los Angeles, CA 90042
$1,049,000
5 Beds
3 Baths
2011 Sq.Ft.
301 S Avenue 55
Los Angeles, CA 90042
311 N Avenue 59, Los Angeles, CA 90042
$1,149,000
4 Beds
4 Baths
3380 Sq.Ft.
311 N Avenue 59
Los Angeles, CA 90042
148 S Avenue 53, Los Angeles, CA 90042
$1,050,000
7 Beds
4 Baths
2916 Sq.Ft.
148 S Avenue 53
Los Angeles, CA 90042
4943 Granada St, Los Angeles, CA 90042
$1,199,000
4 Beds
2 Baths
1793 Sq.Ft.
4943 Granada St
Los Angeles, CA 90042

Recently Sold Homes Near 311 S Avenue 59

5920 Benner St, Los Angeles, CA 90042
$1,420,000 Last Sold Price
8 Beds
5 Baths
3224 Sq.Ft.
5920 Benner St
Los Angeles, CA 90042
327 S Avenue 59, Los Angeles, CA 90042
$1,050,000 Last Sold Price
10 Beds
5 Baths
4570 Sq.Ft.
327 S Avenue 59
Los Angeles, CA 90042
332 S Avenue 59, Los Angeles, CA 90042
$1,029,500 Last Sold Price
6 Beds
6 Baths
2154 Sq.Ft.
332 S Avenue 59
Los Angeles, CA 90042
5825 Benner St, Los Angeles, CA 90042
$850,000 Last Sold Price
3 Beds
1 Baths
-- Sq.Ft.
5825 Benner St
Los Angeles, CA 90042

Related Resources to 311 S Avenue 59

New Listings in 90042
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

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.

Call