327 S Avenue 57, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath
327 S Avenue 57
Los Angeles, California 90042
Property Price
SUMMARY
Analysis of 327 S Avenue 57, Los Angeles, California 90042 is currently available with a list price of $1,125,000. The property maintains a Good Condition Rating (78/100), reflecting solid structural condition with well-maintained systems. The property presents an attractive opportunity for buyers seeking a move-in ready home. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is move-in ready.
The images provided showcase Unit 3, which has been recently and extensively renovated. It features a modern kitchen with new white shaker cabinets, quartz countertops, stainless steel appliances, and contemporary fixtures. The unit also boasts new wood-look laminate flooring, fresh paint, and updated lighting. The bathroom has a new vanity, toilet, and modern fixtures, though the wall tiles appear to be older. While the heating (wall heaters) and cooling (window AC units) are functional, they are not modern central systems. Given that this is a 1955 build and the listing implies other units may require renovation, the overall property condition is a mix, but the depicted renovated unit is move-in ready with significant updates.
PROSSTRENGTHS & OPPORTUNITIES
- Income-Generating Quadruplex
A unique opportunity to own a 4-unit income property, providing diversified rental income streams and investment stability.
- Prime Highland Park Location
Situated in a trendy and highly desirable Highland Park neighborhood, offering excellent walkability to popular restaurants, cafes, and entertainment venues.
- Significant Value-Add Opportunities
Potential for an easy bedroom conversion in the 1-bed unit and space for a potential ADU add-on above the carports, allowing for increased rental income and property value.
CONSRISKS & DEFICIENCIES
- Age of Property
Built in 1955, the property may require significant updates to systems (plumbing, electrical) and general deferred maintenance, incurring additional costs for the buyer.
- Recent Price Reductions
Multiple price reductions from the original listing suggest the property may have been initially overpriced or is struggling to attract buyers at its current valuation.
- Required Renovation for Maximized Value
While offering value-add potential, the property explicitly states a need to 'fix and renovate,' implying substantial upfront capital expenditure and effort to achieve its full income potential.
About 327 S Avenue 57
**RATE BUY DOWN INCENTIVES AVAILABLE 4.125%** A unique opportunity to own a 4-unit income property in trendy Highland Park, close to Figueroa, and walkable to Highland Park Bowl, HomeState restaurant, Civil Coffee & Mendocino Farms. This property sits on a spacious 5,048 Sqft. lot that is zoned LARD 1.5 with a 42’x120’ dimension. The property consists of: (3) two beds & one bath; (1) one bed & one bath. Two of the 2 bed/1 bath units are approx. 750 sf and another is approx. 700 sf, with the one bedroom being around 600 sf. However, the 1 bed unit’s adjoining a large non-operating laundry room that is perfectly sized for an easy bedroom conversion to a 2 bed 1 bath in order to increase the rent in the future. The shared driveway allows each unit to access its one-car private carport space in the rear of the building, which may have the space for a potential ADU add-on above the four parking spots. This is a great value add-on opportunity for an investor to fix and renovate for a buy and hold or to flip. Additionally, the location offers convenient freeway access and proximity to Downtown LA, Pasadena, and the Metro Gold Line, making it ideal for those seeking the best of urban living in Highland Park. Whether for investment or personal use, this property offers a fantastic opportunity in one of the city's hottest neighborhoods. Unit 3 has been completely renovated and just rented out for $2,345.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1955
- Lot Size
- 5,048 Sq. Ft.
Interior
- Total Bedrooms
- -
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 50% |
| Baths | - | - | 50% |
| Square foot | 2,898 | 2,203.5 | 63% |
| Lot Size | 5,048 | 6,635.5 | 25% |
| Price | $1.12M | $942.5K | 63% |
| Price per sq ft | $388 | $495 | 38% |
| Built year | 1955 | 1923 | 88% |
| HOA | $0 | $0 | 50% |
| Days on market | 161 | 198 | 25% |
Pricing History
Listed for Sale
Nov 10, 2025
$1,125,000
$1,150,000
-2% Price Drop
Initial Listing
Price Change
Oct 30, 2025
$1,150,000
$1,175,000
-2% Price Drop
Initial Listing
Price Change
Sep 26, 2025
$1,175,000
Initial Listing