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311 S Avenue 59, Los Angeles, CA 90042

Sale Price: $1,100,000
Nov 5, 20243,260 sqft4 beds4 baths
Listed by: Charlie Coronado
License #: 01723306
Phone #: 323-841-2911
Compass
Source:
CRMLS Logo
MLS #: 24460485

Property Description

4-Plex in Highland Park Prime Opportunity for Owner Occupancy or Investment! Welcome to a rare gem in the heart of trendy Highland Park! This 4-unit property sits on a spacious corner lot, offering an excellent opportunity for savvy investors or owner-occupants looking to house hack. With one unit currently vacant, you can move in, accommodate a family member, or handpick your ideal tenant. Each apartment features 2 bedrooms and 1 bathroom, averaging a generous 806 SF per unit (per title). The layouts include one large bedroom and a versatile smaller bedroom without a closet, perfect for an office, guest room, or creative space. Two units boast charming bonus office nooks off the kitchen, adding extra flexibility for tenants who work from home. The property is designed with convenience in mind: Separate hot water heaters and meters for reduced operating costs. A closet at the end of each hallway, ideal for in-unit stackable washer/dryers.Professionally managed, ensuring low maintenance and hassle-free operations. An outdoor patio area adds to the property's appeal, offering tenants a shared recreational space perfect for barbecues, gatherings, or simply enjoying the beautiful Southern California weather. Located in a prime Highland Park neighborhood, just moments from Figueroa's vibrant shops, cafes, and nightlife, with easy access to the 110 Freeway, this property offers convenience and desirability in one of LA's most sought-after communities. Whether you're looking to live in one unit and rent out the others or add a solid income-generating property to your portfolio, this 4-plex is a rare find. Don't miss this chance to own a versatile and profitable property in one of LA's hottest markets! Schedule your showing today!
Assignment
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Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$15,180

TurboHome Estimated Value

$1,053,500

$323 sqft

High Valuation
$1,106,175
$339/sqft
Normal Valuation
$1,053,500
$323/sqft
Low Valuation
$1,000,825
$307/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$323/sqft$1,053,500

Neighborhood: Highland Park

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Comparative Value

$918K

$1.09M

$1.30M

$1.34M

311 N Avenue 59, Los Angeles, CA 90042

Sale Price: $917,500

Selected Comparable

311 S Avenue 59, Los Angeles, CA 90042

List Price: $1,095,000

Subject Property

311 S Avenue 59, Los Angeles, CA 90042

Sale Price: $1,100,000

Selected Comparable

4321 Glenalbyn Dr, Los Angeles, CA 90065

Sale Price: $1,100,000

Selected Comparable

3920 Paige St, Los Angeles, CA 90031

Sale Price: $1,300,000

Selected Comparable

211 N Avenue 63, Los Angeles, CA 90042

Sale Price: $1,340,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
311 S Avenue 59, Los Angeles, CA 90042

311 S Avenue 59, Los Angeles, CA 90042

List: $1,095,000

Listed: 11/5/2024

Area:3,260 sqft
Price/sqft:$336
Beds:4
Baths:4
Year Built:
Lot Size:6,599

Comparable Properties

COMPARABLE
Choose comps
311 S Avenue 59, Los Angeles, CA 90042

311 S Avenue 59, Los Angeles, CA 90042

Sale: $1,100,000

2/6/20250.00 mi

Area:3,260 sqft
Price/sqft:$337
Beds:4
Baths:4
Year Built:
Weight:26.0%
311 N Avenue 59, Los Angeles, CA 90042

311 N Avenue 59, Los Angeles, CA 90042

Sale: $917,500

1/24/20250.45 mi

Area:3,380 sqft
Price/sqft:$271
Beds:4
Baths:4
Year Built:
Weight:24.0%
211 N Avenue 63, Los Angeles, CA 90042

211 N Avenue 63, Los Angeles, CA 90042

Sale: $1,340,000

9/18/20240.71 mi

Area:2,768 sqft
Price/sqft:$484
Beds:4
Baths:4
Year Built:
Weight:20.6%
4321 Glenalbyn Dr, Los Angeles, CA 90065

4321 Glenalbyn Dr, Los Angeles, CA 90065

Sale: $1,100,000

6/11/20251.43 mi

Area:2,820 sqft
Price/sqft:$390
Beds:3
Baths:3
Year Built:
Weight:15.1%
3920 Paige St, Los Angeles, CA 90031

3920 Paige St, Los Angeles, CA 90031

Sale: $1,300,000

5/23/20251.19 mi

Area:2,656 sqft
Price/sqft:$489
Beds:3
Baths:3
Year Built:
Weight:14.3%

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