376 N Avenue 57, Los Angeles, CA 90042
Local realty services provided by:ERA Donahoe Realty
376 N Avenue 57,Los Angeles, CA 90042
$8,088,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: justin mccardle
Office: growth investment group pasade
MLS#:AR26051140
Source:San Diego MLS via CRMLS
Price summary
- Price:$8,088,000
About this home
We are pleased to present 376 N Ave 57, an exceptional 24-unit investment opportunity in the heart of Highland Parkone of the most sought-after and rapidly evolving neighborhoods in Los Angeles. Strategically located within walking distance of the vibrant retail and dining corridor along Figueroa Street, York Blvd, and the Highland Park Station, this property provides unparalleled convenience and connectivity. This rare 8.28% Cash-on-cash return deal in a gentrified area provides a safe investment in a volatile market. The building was built in 1962 and situated on a commanding 20,000 SF lot, this asset has undergone significant capital improvements between 2020 and 2026. The heavy lifting is already complete: 22 of the 24 units have been extensively renovated to feature new flooring, shaker cabinets, stainless-steel appliances, updated bathrooms, LED lighting, mini-split HVAC systems, and in-unit laundry. Furthermore, the building benefits from vital systemic updates, including plumbing and electrical panel / subpanel upgrades. The favorable unit mix consists of (20) 1-bedroom units, (2) 2-bedroom units, and (2) studio units. All units are individually metered for gas and electricity, helping to minimize owner expenses. This offering represents a secure, high-yield investment anchored by highly attractive in-place financing. A new owner can assume a 3.7% fixed interest rate through June 2029, generating an estimated 8.28% cash-on-cash return from day one. With utilities individually metered for gas and electricity, RUBS already implemented, and remaining upside in the two...
Contact an agent
Home facts
- Listing ID #:AR26051140
- Added:5 day(s) ago
- Updated:March 15, 2026 at 02:26 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Finances and disclosures
- Price:$8,088,000
New listings near 376 N Avenue 57
- New
$970,000Active4 beds 4 baths916 E 79th, Los Angeles, CA 90001
MLS# CV26056097Listed by: RE/MAX TOP PRODUCERS - Open Sun, 12 to 3pmNew
$1,125,000Active2 beds 3 baths1,440 sq. ft.4301 Los Feliz #12, Los Angeles, CA 90027
MLS# OC26053073Listed by: KASE REAL ESTATE - New
$1,199,000Active4 beds 2 baths1,646 sq. ft.2947 Hobart, Los Angeles, CA 90018
MLS# RS26056095Listed by: PALMA INVESTMENTS - New
$2,650,000Active5 beds 4 baths2,850 sq. ft.3840 Carmona Avenue, Los Angeles, CA 90008
MLS# 26658171Listed by: NOURMAND & ASSOCIATES-HW - New
$2,699,000Active14 beds 12 baths10,052 sq. ft.4516 Coliseum Street, Los Angeles, CA 90016
MLS# 26664407Listed by: POINTE OF VIEW INT'L INC - New
$5,200,000Active6 beds 6 baths6,951 sq. ft.5708 Gentry Avenue, Valley Village, CA 91607
MLS# 26664489Listed by: FOSTER DOUGLAS - New
$660,000Active2 beds 2 baths1,010 sq. ft.1026 S Oxford Avenue #302, Los Angeles, CA 90006
MLS# 26664697Listed by: NEW STAR REALTY - New
$619,000Active2 beds 2 baths1,090 sq. ft.956 S Wilton Place #201, Los Angeles, CA 90019
MLS# 26664677Listed by: NEW STAR REALTY - New
$469,000Active1 beds 1 baths780 sq. ft.645 W 9th Street #342, Los Angeles, CA 90015
MLS# 26664693Listed by: KELLER WILLIAMS LARCHMONT - New
$770,000Active3 beds 3 baths1,445 sq. ft.4370 W 8th, Los Angeles, CA 90005
MLS# BB26056418Listed by: ENRIQUE HENRY VEGA JR. BROKER