120 S Avenue 64 Los Angeles, CA $ 3,100,000
120 S Avenue 64
$ 3,100,000
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120 S Avenue 64

Los Angeles, CA, 90042
$ 3,100,000
Bedrooms5 Baths6.0 Sq 4,371

Monthly Estimate*

$ 21,654

Listed by Keller Williams Larchmont
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Multi-Family Home for sale in Los Angeles, CA

for $3,100,000 with 5 bedrooms and 6 full baths. This 4,371 square foot home was built in 1900 on a lot size of 0.1379.

Extraordinary Investment Opportunity for Thrilling Mixed-Use Ownership with Limitless Potential. Brace yourself for this captivating Victorian treasure, meticulously reenergized and reimagined by acclaimed interior designer Joshua Cain. Tucked within the vibrant Highland Park HPOZ, a hub buzzing with LA's trendiest retail hotspots. Among the six existing units, the ground floor hosts 2 radiant commercial spaces, tailor-made for bustling retail activity or a dynamic office setup. Currently home to a thriving medi spa and a hair salon, this area is a playground for innovation, ready to accommodate legal practices, art studios, boutique ventures, and beyond. As if that's not enough, there are four rental units that can remain residential or turned into office space. This meticulously refurbished late 19th-century gem beckons both daring owner-occupiers and astute investors to seize an extraordinary opportunity in the coveted Highland Park scene. With an investment of approximately $1.5 million, this restoration project has infused the property with unparalleled value and quality. As mentioned this property boasts two dynamic commercial units. Coupled with these are four residential apartments: two inviting studio bedroom units, and two airy three-bedroom units which can be used as a 30 day+ Airbnb immediately. A triumphant transformation has revitalized these residential units, breathing new life into their very core. All units can be delivered vacant at COE. Additionally, commercial tenants and occupants of the studio-bedroom units are open to staying after COE, adding more appeal to this amazing investment. The adjacent parking lot address 116 S. Ave. 64, APN - 5492036032 is included in this sale.

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Multi-Family Pending

Price

$ 3,100,000

Bedrooms

5

Full Bath

6

Property Type

Multi-Family

Taxes

$ 0

Style

Victorian

Lot Size

0.1379

Year Built

1900

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24348293

Days on Market

103

Features
General
Sewer Other
Heating Central
Cooling CentralAir
Possession CloseOfEscrow
Appliances Dishwasher Disposal Refrigerator Dryer Washer
Zoning LARD1.5
Architectural Style Victorian
Year Built 1900
Stories 2
Levels Two
Gross Income 181020.0
County Los Angeles
Net Operating Income 119065.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Special Listing Conditions Standard
Status Pending
Directions Google Maps Apple Maps
City Los Angeles
View Y/N N
Senior Community Y/N N
Total Units 6
MLS Area 632 - Highland Park
Lot Size Square Feet 6007.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Avenue 64
Property Attached Y/N N
Land Lease Y/N N
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 2
Standard Status Pending
Cap Rate 5.28
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Exterior
Parking Features Uncovered
Total Parking 6.0
Lot Size Area 6007.0
Number of Buildings 1
Spa N
Building Area Total 4371.0
Lot Size Acres 0.1379
Lot Size Units SquareFeet
Lot Size Source Assessor
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Stories 2
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Full Baths 0
Half Baths 0
1/4 Baths 0
3/4 Baths 0
Total Bedrooms 5
Electric On Property Y/N N
Total Baths 6
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Internal Only
Street Number 1 120
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* Excluded Features
List By
Keller Williams Larchmont

Broker

(213) 247-6130

Phone

Affordability Calculator

$21,654
Per Month
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Monthly Principal & Interest
$21,654
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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/18/2024$3,100,000 Listed Price

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120 S Avenue 64, Los Angeles, CA, 90042 is a Multi-Family Home for sale at $3,100,000 with 4,371 sqft and a lot size of 0.1379. 120 S Avenue 64 has 5 bedrooms, 6.0 baths, and was built in 1900. The property's zip code is 90042 which is in Los Angeles, CA