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$1,250,000

1337 S Highland Avenue

Los Angeles, CA 90019

Under Contract

1928

Year Built

Los Angeles

County

CommercialSale

Property Type

About this home

The garden style asset, 1337 S. Highland Avenue, is comprised of two adjacent apartment buildings with a total of eight units situated in the diverse Mid City neighborhood of Los Angeles. The asset boasts eight tandem parking spaces located directly in front of the property. The unit mix consists of eight large, well-designed one-bedroom / one bathroom units that include outdoor space for added convenience and appeal.The low price per unit establishes a strong initial investment basis, making it attractive for buyers looking to maximize their return. Notably, the property has a significant potential upside in rents, indicating substantial room for income growth and increased profitability via bringing down operational expenditures. This property offers a compelling value add investment opportunity to new ownership. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue. SOLD AS-IS. SUBJECT TO COURT APPROVAL AND OVERBID

Listed by Douglas Steinriede · DRE #00284936 · Dover Management Corp.

MLS #1081895921

ListedAug 11, 2024

Property Details

Architecture

Stories2

StyleN/A

Total Units8

RoofN/A

Garage SpacesN/A

PoolN/A

SpaN/A

Features & Amenities

Interior FeaturesN/A

Exterior FeaturesN/A

FlooringN/A

CoolingN/A

HeatingN/A

FireplaceN/A

LaundryN/A

Parking FeaturesN/A

Parking Total0

Patio & PorchN/A

Entry LevelN/A

Entry LocationN/A

Common WallsN/A

Property Features

Lot Size0.21 ac

Lot FeaturesGarden, Irregular Lot

ViewN/A

DirectionsLocated in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, La Brea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue.

Community

AreaC18 - Hancock Park-Wilshire

School DistrictN/A

Tax & Financial

TermsSubject To Other

Land LeaseN/A

HOA NameN/A

HOA FeeN/A

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Mortgage Estimate

$6,653/mo

20% down · 7% APR · 30-yr fixed

Purchase PriceDown Payment: 20%Interest Rate: 7%

Estimate only. Does not include taxes, insurance, or HOA.

Last updated: October 21, 2026 at 9:15 PM

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