314 North Ave 53

Los Angeles, CA 90042

$1,440,000
Price
8
Beds
5
Baths
3,647 Sq. Ft.
$395 / Sq. Ft.
3,647
Sq. Ft.
$395
per Sq. Ft.

Description

Highland park- five bedroom home + three 1bd, 1ba units! Searching for a comfortable haven that includes an excellent investment opportunity? Fantastic level street-to-alley lot, this incredible 2-building property is one you'll want to check out! Past the front home's inviting porch, enter a generous 2,015-sq ft layout finished with warm tones, and beautiful hardwood flooring. Brilliant sunlight streams through large windows to living and dining areas adj. a beautifully tiled bath with a prized...Highland park- five bedroom home + three 1bd, 1ba units! Searching for a comfortable haven that includes an excellent investment opportunity? Fantastic level street-to-alley lot, this incredible 2-building property is one you'll want to check out! Past the front home's inviting porch, enter a generous 2,015-sq ft layout finished with warm tones, and beautiful hardwood flooring. Brilliant sunlight streams through large windows to living and dining areas adj. a beautifully tiled bath with a prized clawfoot tub. Five stylish bedrooms and two updated baths await across the two-story residence, including a hobby and laundry room done in warm wood paneling. Explore the fantastic rear dwelling with its three 1-bed, 1-bath apartments. Weekend gatherings are a breeze in the well-sized front yard where you can relax and enjoy BBQs. Additional features are the central A/C and heating system along with ample driveway parking at front/back. Conveniently located near bustling downtown Highland Park, this amazing compound is steps to the metro and various shopping, dining, and entertainment options. Come for a tour before this gem slips you by!
  1. Listed by Daniel Grant • DRE #02099639 • Brokerage DRE #01410580 • Harnsberger Realty 1924
  2. Listed by Michelle Harnsberger • DRE #01022378 • Brokerage DRE #01410580 • Harnsberger Realty 1924

Property Details for 314 North Ave 53

Water Front
None
Zoning
LARD2
Style
Other
Parcel Number
5469019020
Total Units
4.0
Living Area
3647
Source Living Area
Vendor Enhanced
Area
Highland Park (632)

Location

Listing Courtesy of Harnsberger Realty 1924, Daniel Grant, DRE #02099639; Harnsberger Realty 1924, Michelle Harnsberger, DRE #01022378
Add your commute
LISTING UPDATED: 04/24/2024 02:35 PM

Property Details for 314 North Ave 53

StatusActive
MLS #24-368703
Days on Market47
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1911
Lot Size0.18 AC / 7,770 SF
CountyLos Angeles County

Location

Listing Courtesy of Harnsberger Realty 1924, Daniel Grant, DRE #02099639; Harnsberger Realty 1924, Michelle Harnsberger, DRE #01022378
Add your commute

Building Information for 314 North Ave 53

Stories-Residences-Year Built1911Building Size-Lot Size0.18 AC / 7,770 SF

Payment Calculator

$9,082 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,859

Property Taxes

$1,223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 314 North Ave 53

Community / Development
Community / Development
  • Tax Mello Roos: No
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 2
  • Type Of Units: 4
  • View: Yes
  • View Description: Hills, Tree Top
  • View: Hills
  • Security Features: Carbon Monoxide Detector(s), Exterior Security Lights, Fire and Smoke Detection System
  • Property Condition: Updated/Remodeled
  • Water: Water District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan, FHA
  • Disclosures: As Is, Rent Control, LA/Owner Related, Owner Has R.E. License
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $100,464
  • Net Operating Income: $94,788.00
  • Gross Income: $100,464
  • Cap Rate: 6.50%
  • Gross Rent Multiplier: $14.33
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 5676
  • Water Expense: $2,676.00
  • Tax Expense: $14,670
  • Gardener Expense: $600
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Additional Parcel Number: No
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.1784
  • Lot Size Square Feet: 7770
  • Lot Features: Front Yard
  • Lot Description: Alley Paved, Curbs, Fenced Yard, Front Yard, Lot-Level/Flat, Sidewalks, Street Lighting, Street Paved
  • Lot Location: Alley Access
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 5
  • Open Other Spaces Total: 5
  • Parking Features: Assigned
Interior Features
Interior Features
  • Room Type: Attic, Basement, Living Room, Office, Sun, Utility Room
  • Rooms: Attic, Basement, Breakfast Area, Dining Area, Den/Office, Living Room, Office, Pantry, Patio Enclosed, Study/Office, Sun, Utility Room
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: Yes
  • Family Room: 0
  • Dining Room: 0
  • Cooling: Central Air
  • Cooling Type: Central, Ceiling Fan, Window Unit(s)
  • Heating: Central, Wall Furnace
  • Heating Type: Central, Wall
  • Flooring: Hardwood, Linoleum, Carpet
  • Equipment: Cable, Built-Ins, Ceiling Fan, Gas Or Electric Dryer Hookup
  • Interior Features: Basement, Block Walls, Built-Ins, High Ceilings (9 Feet+)
  • Room Kitchen Features: Walk-In Pantry
  • Kitchen Features: Counter Top, Pantry
  • Room Bathroom Features: Tile Counters, Shower in Tub, Shower
  • Bathroom Features: Tile, Shower and Tub, Shower Stall, Tub Only
  • Bedroom Features: Main Floor Bedroom, Multi-Level Bedroom
  • Common Walls: Detached/No Common Walls
  • Cooking Appliances: Oven-Gas
  • Laundry: Inside
  • Laundry Equipment: Own
  • TV Services: Cable TV
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Composition, Shingle
  • Sprinklers: None
  • Patio Features: Deck(s), Porch - Front
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Foundation Details: Pillar/Post/Pier, Raised
  • Other Structural Features: High Ceilings (9 Feet+)
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-14-2024
  • Listing Terms: Cash, Cash To New Loan, Conventional, Standard Sale
  • Rent Control: Yes
  • Tenant Pays: Cable TV, Electricity, Trash Collection
Unit Details
Unit 1 Information
  • Unit Beds: 5
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,900.00
  • Unit Actual Rent: $4,900.00
  • Unit Projected Rent: $6,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $946.00
  • Unit Actual Rent: $946.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $676.00
  • Unit Actual Rent: $676.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $459,000.00
  • Assessed Improvement Percent: 39.13
  • Assessed Land Value: $714,000.00
  • Assessed Land Percent: 60.87
  • Assessed Total Value: $1,173,000.00

Property History for 314 North Ave 53

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 314 North Ave 53

Taxable ValueLand$714,000Additions$459,000Total$1,173,000
Tax Record2023$14,671 ($1,223 / month)
Home Facts
Total Finished SqFt3,647 SqFtAbove Grade Finished SqFt3,647 SqFtLot Size7,768 SqFtStyleQuadraplexYear Built1911ZoningLARD2CountyLOS ANGELESAPN5469-019-020

Schools near 314 North Ave 53

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

Benjamin Franklin Senior High School
Public6 to 12

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

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314 North Ave 53 is a multi-family home for sale in Los Angeles, CA 90042. This property was listed for sale on March 14, 2024 by Harnsberger Realty 1924, it's currently listed at $1,440,000. It has been on the market for a total of 47 days and was last sold on August 16, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Monte Vista Street Elementary School, Benjamin Franklin Senior High School and South Shores/Csudh Visual And Performing Arts. 314 North Ave 53 is a 8-bed, 5-bath, 3,647 sqft multi-family home built in 1911.

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 Harnsberger Realty 1924, Daniel Grant, DRE #02099639; Harnsberger Realty 1924, Michelle Harnsberger, DRE #01022378

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.