Property Details
About this Property
We are pleased to present 376 N Ave 57, an exceptional 24-unit investment opportunity in the heart of Highland Park—one 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
MLS Listing Information
MLS #
CRAR26051140
MLS Source
California Regional MLS
Days on Site
0
Interior Features
Appliances
Other
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
376 N Avenue 57 is a Residential Income in Los Angeles, CA 90042. This – square foot property sits on a 19,986 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $8,088,000 and was built in 1962. This address can also be written as 376 N Avenue 57, Los Angeles, CA 90042.
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This listing information is up-to-date as of March 09, 2026. For the most current information, please contact Justin McCardle, (310) 606-0192
