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SOLD 11/30/2021

Listing provided courtesy of Listing Broker: Carmine Sabatella, COMPASS

Source CRMLS

248 N Ave 57Los Angeles, CA 90042

$1,397,500

5bed

0bath

3,335sq ft

248 N Ave 57, Los Angeles, CA 90042

GREAT PASSIVE INCOME OPPORTUNITY AWAITS in the heart of Highland Park! This property is a corner lot and offers two separate structures and sits centrally located just one block from the Gold Line and minutes from the highway, York Blvd, restaurants, shopping, coffee houses, parks, and more. The property is gated and secured, and offers parking for all tenants. The units have been remodeled, and tastefully updated. The original craftsman home built in 1900 has been transformed into a lovely duplex. The larger unit is two stories and sits at roughly 1900 sf, with 3 beds...

Home facts

Listing

Status

Closed

Listed 10 days ago

Property type Home

Property

Year Built 1900

Style Craftsman

Community —

Lot Size 6,621 sq ft

MLS # P1-7000

Price

List price $1,397,500

Price/sq ft $389

Home details

Interior Features & Layout

Appliances

Dishwasher

Freezer

Gas Oven

Gas Range

Gas Water Heater

Microwave

Refrigerator

Range Hood

Water Heater

Inside

Laundry Room

Heating & Cooling

Has Heating: true

Has Cooling: true

Central

See Remarks

Central Air

Wall/Window Unit(s)

Fireplace Info

Has Fireplace: true

Fireplace Details: Decorative

Interior Features

BuiltinFeatures

CrownMolding

CofferedCeilings

PanelingWainscoting

StoneCounters

RecessedLighting

Storage

TileCounters

Attic

Flooring

Carpet

Tile

Wood

Property, Lot, Community & Exterior Features

Parking Info

Concrete

Driveway

Electric Gate

Gated

On Street

Garage Spaces: 0.0

Parking Spaces: 5.0

Community Info

Number Of Buildings: 2

Biking

Curbs

Street Lights

Suburban

Sidewalks

Property Features

Wood

Wrought Iron

Common Walls: 2+ Common Walls

Building Info

Levels: Two

Style: Craftsman

Property Condition: Turnkey

Roof: Composition

Foundation Details: Raised

Total Sq. Ft.: 3335.0

MLS Property Type: Residential Income

Number of Stories: 2

Year Built Source: Public Records

Lot Info

Other Structures: Storage

Lot Size Area: 6621.0

Acres: 0.152

Lot Size Units: Square Feet

Green Info

Direction Faces: East

Utilities & Other Information

Utility Info

Number Of Separate Electric Meters: 3

Number Of Separate Gas Meters: 2

Number Of Separate Water Meters: 1

Listing Details, Costs & Financing Information

Financial Info

Water Sewer Expense: 1650.0

Gross Income: 76512.0

Fuel Expense: 0.0

Trash Expense: 900.0

Insurance Expense: 1789.0

Gross Scheduled Income: 76512.0

Operating Expense: 23424.0

Terms

Cash

Cash to Existing Loan

Cash to New Loan

Conventional

Lease Info

Net Operating Income: 36265.0

Tax/Assessment Info

2.500

APN: 5468033030

Listing Details

Status: Closed

Originating System Name: CRMLS

Other

Electric Expense: 1950.0

School Neighborhood & Directions

Location

Zip Code: 90042

Area: 632 - Highland Park

Zip Code +4: 4128

Directions: Figueroa to Avenue 57 and its on the corner of Avenue 57 and Monte Vista

Neighborhood

Listings

Days listed

$664.93

Price per sqft

108.17%

Sold over list %

Property history

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