248 North Ave 57

Los Angeles, CA 90042

$1,397,500
Last Sold Price
—
Beds
3,335 Sq. Ft.
$419 / Sq. Ft.
3,335
Sq. Ft.
$419
per Sq. Ft.

Description

GREAT PASSIVE INCOME OPPORTUNITY AWAITS in the heart of Highland Park! This property is a corner lot and offers two separate structures and sits centrally located just one block from the Gold Line and minutes from the highway, York Blvd, restaurants, shopping, coffee houses, parks, and more. The property is gated and secured, and offers parking for all tenants. The units have been remodeled, and tastefully updated. The original craftsman home built in 1900 has been transformed into a lovely duplex....GREAT PASSIVE INCOME OPPORTUNITY AWAITS in the heart of Highland Park! This property is a corner lot and offers two separate structures and sits centrally located just one block from the Gold Line and minutes from the highway, York Blvd, restaurants, shopping, coffee houses, parks, and more. The property is gated and secured, and offers parking for all tenants. The units have been remodeled, and tastefully updated. The original craftsman home built in 1900 has been transformed into a lovely duplex. The larger unit is two stories and sits at roughly 1900 sf, with 3 beds and two baths. The second smaller unit sits at roughly 450 sf and is a one bed and one bath. The second structure, which is a newer build is two stories and offers one bed and one and half baths and is roughly just over 900 sf. All units are occupied with tenants who have been in place for years and are in good standing. The units offer dedicated outdoor entertainment space, ample storage, and parking. The property does fall under in the Historical Preservation Overlay Zone, which can offer great tax benefits. Come see this adorable triplex because it won't last long!
  1. Listed by Carmine Sabatella • DRE #01945152 • COMPASS
  2. Listed by Ryan Delair • DRE #02065324 • COMPASS

Property Details for 248 North Ave 57

Architectural Style
Craftsman
Subdivision Name
Not Applicable
Garage Spaces
.00
View
None

Location

Listing Courtesy of COMPASS, Carmine Sabatella, DRE #01945152; COMPASS, Ryan Delair, DRE #02065324

Sold By Hilton & Hyland, Jennifer Levine, DRE #01483070; Core Real Estate Group, Sarah McMaster, DRE #01923622

Add your commute
LISTING UPDATED: 11/09/2023 10:53 AM

Property Details for 248 North Ave 57

StatusClosed
MLS #P1-7000
Days on Market10
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.15 AC / 6,621 SF
CountyLos Angeles County

Location

Listing Courtesy of COMPASS, Carmine Sabatella, DRE #01945152; COMPASS, Ryan Delair, DRE #02065324

Sold By Hilton & Hyland, Jennifer Levine, DRE #01483070; Core Real Estate Group, Sarah McMaster, DRE #01923622

Add your commute

Building Information for 248 North Ave 57

Stories2Residences-Year Built1900Building Size-Lot Size0.15 AC / 6,621 SF

Payment Calculator

$9,137 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,627

Property Taxes

$1,510

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 248 North Ave 57

Summary
Location and General Information
  • Building Area Total: 3,335.00
  • Community Features: Biking, Curbs, Sidewalks, Street Lights, Suburban
  • City: Los Angeles
  • Direction Faces: East
  • Directions: Figueroa to Avenue 57 and its on the corner of Avenue 57 and Monte Vista
  • Area: 632 - Highland Park
  • Postal Code Plus4: 4128
  • Unparsed Address: 248 North Avenue 57, Los Angeles, CA 90042
Parking
  • Parking Features: Gated, Street, Auto Driveway Gate, Concrete, Driveway
Taxes and HOA Information
  • Association Fee: $.00
  • New Taxes Expense: $9,626.00
  • Tax Other Annual Assessment Amount: $961.00
Virtual Tour
  • Videos Count: 0
Property
Lot Information
  • Lot Features: Sprinklers
  • Lot Size Acres: .15
  • Lot Size Square Feet: 6,621.00
  • Lot Size Area: 6,621.00
  • Lot Size Units: Square Feet
  • Parcel Number: 5468033030
  • Property Type: Residential Income
Property and Assessments
  • Common Walls: Attached
  • Documents Count: 0
  • New Construction: No
  • Property Attached: Yes
  • Property Condition: Turnkey
  • Year Built Source: Public Records
  • Senior Community: No
Utilities
  • Cooling: Central Air, Wall/Window Unit(s)
  • Cooling: Yes
  • Water Sewer Expense: $1,650.00
Interior and Exterior Features
Exterior Features
  • Fencing: Wood, Wrought Iron
  • Foundation Details: Raised
  • Other Structures: Storage
  • Pool Features: None
  • Pool Private: No
  • Pool: No
  • Roof: Composition
  • Spa Features: None
  • Spa: No
  • Stories Total: 2
Interior Features
  • Appliances: Dishwasher, Gas Oven, Water Heater, Range Hood, Microwave, Gas Water Heater, Gas Range, Refrigerator, Freezer
  • Total Bathrooms: 0
  • Fireplace Features: Decorative
  • Fireplace: Yes
  • Flooring: Carpet, Wood, Tile
  • Heating: Central, See Remarks
  • Heating: Yes
  • Interior Features: Crown Molding, Coffered Ceiling(s), Built-In Features, Recessed Lighting, Stone Counters, Storage, Tile Counters, Wainscoting
  • Laundry Features: Individual Room, Inside
  • Living Area: 3,335.00
  • View: No
  • Levels: Two
Multi Family
Multi-Family Information
  • Gross Scheduled Income: $76,512.00
  • Net Operating Income: $36,265.00
  • Electric Expense: $1,950.00
  • Insurance Expense: $1,789.00
  • Number Of Buildings: 2
  • Operating Expense: $23,424.00
  • Pest Control Expense: $486.00
  • Special Listing Conditions: Standard
  • Trash Expense: $900.00
Rental
Rental Information
  • Tenant Pays: Cable TV, Electricity, Gas
  • Rent Control: Yes

Property History for 248 North Ave 57

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 248 North Ave 57

Taxable ValueLand$925,650Additions$500,120Total$1,425,770
Tax Record2023$18,124 ($1,510 / month)
Home Facts
Total Finished SqFt3,335 SqFtAbove Grade Finished SqFt3,335 SqFtLot Size6,650 SqFtStyleTriplexYear Built1900ZoningLARD2CountyLOS ANGELESAPN5468-033-030

Schools near 248 North Ave 57

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Monte Vista Street Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Highland Park Continuation School
Public9 to 12

Arroyo Seco Museum Science
PublicK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of COMPASS, Carmine Sabatella, DRE #01945152; COMPASS, Ryan Delair, DRE #02065324

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.