327 S Avenue 57, Los Angeles, California 90042, Los Angeles, 90042 - 0 bed, 0 bath
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Los Angeles, California 90042
This Income-Generating Quadruplex represents a High-Potential Investment Opportunity listed at $1,125,000, aligning precisely with its $1,125,000 Fair Market Value. Currently maintaining a Fair Condition Rating, the asset offers significant forced appreciation through a 1-bedroom to 2-bedroom conversion and potential ADU expansion above the rear carports. Situated on a LARD 1.5 Zoned Lot in trendy Highland Park, the property benefits from high rental demand and excellent Metro access. This versatile asset is an ideal acquisition for Buy-and-Hold Investors or Value-Add Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 327 S Avenue 57 Subject | $1,125,000* List Price | 0 | 0 | 2,898 | $388 | - |
A 424 S Avenue 56 Sold | $900,000 | 0 | 0 | 2,384 | $378 | 0.1 mi |
B 5048 5050 E Echo Street Active | $999,000 List Price | 0 | 0 | 3,648 | $274 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
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.
A unique opportunity to own a 4-unit income property, providing diversified rental income streams and investment stability.
Situated in a trendy and highly desirable Highland Park neighborhood, offering excellent walkability to popular restaurants, cafes, and entertainment venues.
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.
Built in 1955, the property may require significant updates to systems (plumbing, electrical) and general deferred maintenance, incurring additional costs for the buyer.
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.
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.
**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.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,898 | 1,800 | 78% |
| Lot Size | 5,048 | 5,048 | 50% |
| Price | $1.12M | $925.0K | 78% |
| Price per sq ft | $388 | $508 | 44% |
| Built year | 1955 | 1923 | 89% |
| HOA | $0 | $0 | 50% |
| Days on market | 208 | 208 | 56% |
Nov 10, 2025
$1,125,000
$1,150,000
-2% Price Drop
Initial Listing
Oct 30, 2025
$1,150,000
$1,175,000
-2% Price Drop
Initial Listing
Sep 26, 2025
$1,175,000
Initial Listing