Est. cap rate

4.8%

Assumed rent, all units

$9,280/mo

Units

4

Price per unit

$287,500

Est. annual NOI

$55,680

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Quadruplex

Bedrooms

4

Building size

3,541 sqft

Lot size

4,312 sqft

Year built

1925

Stories

2

Garage spaces

4

Pool

None

Status

Active

Days on market

4

MLS #

247883085

About this property

In the heart of historic Highland Park, 144 S Avenue 57 is a 1925 Spanish Revival fourplex coming to market for the first time in over two decades. One of the oldest neighborhoods in Los Angeles, Highland Park still carries the craftsmanship of its era and this two-story stucco building wears it well, crowned by a distinctive castellated parapet and red clay-tile coping that set it apart from the vintage Craftsman bungalows lining the street. The property sits within the Highland Park–Garvanza Historic Preservation Overlay Zone, helping preserve that character for years to come. The four units total approximately 3,541 square feet on a 4,312-square-foot lot, served by four (4) private garages, one assigned to each unit. Two units offer two (2) bedrooms and one (1) bathroom, and two offer one (1) bedroom and one (1) bathroom. Brick-paved rear garden, shaded by mature fruit trees offers nice outdoor space for a multi-unit property. Owner has taken pride on maintaining property with care! Tenant-occupied; please do not disturb the residents. Showings by appointment Only.

Location

144 S Avenue 57

Los Angeles, Los Angeles, CA, 90042