Los Angeles, CA 90042 314 N Avenue 53

$1,440,000

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Presented By: Daniel Grant with Harnsberger Realty 1924;

MLS# 24368703
03/14/2024

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Beds • 8
Baths • 5
SQFT • 3,647

Home Details

HIGHLAND PARK- FIVE BEDROOM HOME + THREE 1BD, 1BA UNITS! Searching for a comfortable haven that includes an excellent investment opportunity? Fantastic level street-to-alley lot, this incredible 2-building property is one you'll want to check out! Past the front home's inviting porch, enter a generous 2,015-sq ft layout finished with warm tones, and beautiful hardwood flooring. Brilliant sunlight streams through large windows to living and dining areas adj. a beautifully tiled bath with a prized clawfoot tub. Five stylish bedrooms and two updated baths await across the two-story residence, including a hobby and laundry room done in warm wood paneling. Explore the fantastic rear dwelling with its three 1-bed, 1-bath apartments. Weekend gatherings are a breeze in the well-sized front yard where you can relax and enjoy BBQs. Additional features are the central A/C and heating system along with ample driveway parking at front/back. Conveniently located near bustling downtown Highland Park, this amazing compound is steps to the metro and various shopping, dining, and entertainment options. Come for a tour before this gem slips you by!

Presented By: Daniel Grant with Harnsberger Realty 1924;

Interior Features for 314 N Avenue 53

Bedrooms

Total Bedrooms8

Bathrooms

1/4 Baths0

3/4 Baths0

Full Baths

Half Baths

Total Baths5

Other Interior Features

Air Conditioning Y/NYes

Basement (Y/N)Yes

Common WallsNoCommonWalls

Electric On Property Y/NNo

Fireplace FeaturesNone

Fireplace Y/NNo

FlooringCarpet, Wood

Heating Y/NYes

Laundry FeaturesInside

Total Stories

General for 314 N Avenue 53

Additional Parcels Y/NNo

AppliancesGasOven

Architectural StyleOther

Attached Garage No

Buyer FinancingCash, FHA

Cap Rate6.5

Carport Y/NNo

CityLos Angeles

Construction MaterialsStucco

CoolingCentralAir

CountyLos Angeles

Days on Market41

DirectionsFrom North Figueroa Street, North on Avenue 53, past Monte Vista Street - Property located on left.

DisclosuresFamilialRelation, RentControl

Garage Y/NNo

Gross Income100464.0

HOA / Comm AssnNo

HeatingCentral, WallFurnace

Home Warranty Y/NNo

Interior FeaturesBlockWalls, CeilingFans, HighCeilings, Attic, UtilityRoom

Land Lease Y/NNo

Lease Considered Y/NNo

Lease Renewal Y/NNo

LevelsTwo

Listing TermsCash, Conventional

Lot Size Square Feet7770.0

MLS Area632 - Highland Park

MobileHomeRemainsYNNo

Net Operating Income94788.0

New ConstructionNo

Occupancy DescriptionTenant

Open Parking Spaces5.0

Patio/Porch FeaturesDeck, FrontPorch

Pool FeaturesNone

Private PoolNo

Property Attached Y/NNo

Property ConditionUpdatedRemodeled

Property TypeResidentialIncome

Rent Control Y/NYes

RoofComposition, Shingle

Security FeaturesCarbonMonoxideDetectors, FireDetectionSystem, SmokeDetectors

Senior Community Y/NNo

SewerSewerTapPaid

Spa FeaturesNone

Special Listing ConditionsStandard

Standard StatusActive

StatusActive

Stories2

Street NameAvenue 53

Taxes$14,670

Tenant PaysCableTV, Electricity, TrashCollection

Total Units4

ViewHills

View Y/NYes

Virtual TourClick here

Water Sewer Expense2676.0

Waterfront Y/NNo

Year Built1911

ZoningLARD2

Exterior for 314 N Avenue 53

Building Area Total3647.0

Crops Included Y/NNo

Foundation DetailsPillarPostPier, Raised

Horse Y/NNo

Irrigation Water Rights Y/NNo

Lot FeaturesFrontYard

Lot Size Acres0.1784

Lot Size Area7770.0

Lot Size UnitsSquareFeet

Number of Buildings2

Open Parking Y/NNo

Parking FeaturesAssigned

SpaNo

Total Parking5.0

Additional Details

Price History

First Team Client Services

Price $1,440,000

MLS#24368703

List Date 03/14/2024

Property Type Multi-Family

Phone 714.964.3311

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