223 S Avenue 57 , Los Angeles, CA 90042
$1,399,000
Est. Payment: $7,471.64/mo
6 Bed
4 Bath
2633 Sqft
Status: Active Under Contract | Days on site: 8
Get Pre-Qualified
CLW-X78522 - CLW-X79078
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Chris Heller, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.

House Description

Rare opportunity to acquire a high-performing multi-family property that perfectly combines prime location, exceptional condition, and strong cash flow. Situated on a sprawling 10,300 sq ft lot, two of the units in this unique four-unit compound are detached (no common walls) two bedroom dwellings, complete with their own private yard, offering an unparalleled level of privacy. The larger of these two has a massive fenced back yard, with mature fruit trees, and a latticed covered patio. The other one has just been beautifully and thoroughly renovated, sitting vacant and ready for immediate occupancy or market-rate leasing. The property is a dream for both pure investors and owner-occupiers alike. Every unit is meticulously maintained and features mini-split heating and A/C systems in all bedrooms and common areas for optimal, efficient climate control. Recent upgrades include plumbing fully replaced inside and out with pex pipes in all four units; new roof on three of the four units; upgraded electrical in three of the four units; sewer line for the 1 bed units on the east side of the property recently re-lined. Additional amenities include dedicated two-car tandem parking for each unit (including individual garage spaces), a secure coin-operated laundry room servicing the property, and dishwasher in the largest unit. Set back from a tree-lined street, this property sits directly across the street from the iconic "La Tierra de la Culebra Art Park." The park, while City owned, is lovingly cared for and contributed to (art-wise) by the local neighbors, giving a 'neighborhood' vibe that is rare to find in L.A. Another big plus - the property is a 5 minute walk to the nearest Gold Line metro stop that goes right through Highland Park, and stretches from Pasadena to Downtown L.A.P.S. Incredible value-add potential! The garage spaces will be delivered completely vacant at the close of escrow. Given the expansive lot size and California's highly favorable multifamily ADU laws, this offers a premier opportunity for a future garage-to-ADU conversion to maximize your rental income buyer to verify capacity with the city!

Highlights

Listed by Ken Shapiro , 213-250-4404 Silverwood Properties , 213-250-4404. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.24

Year Built

1918

County

Los Angeles

Area

632 - Highland Park

Listing ID

26952553

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:6
  • Bathrooms:4
  • Full Bathrooms:0
Appliances:Dishwasher, Refrigerator, Dryer, Washer
Air Cond:Central Air
Fireplaces:

Exterior Features

Lot:No Land Lease
Garage Capacity:8
Zoning:LARD1.5
Others:
  • Additional:2+ Total Units, Has ADU
Parking Features:Detached Carport
Principal Interest
$7,472
Taxes
$892

Home Price

$1,399,000

Loan Details

30 yrs
7.034%

Down Payment

20%
$279,800
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$7,471.64

Principal

Taxes

Principal Taxes HOA Total
Monthly $7,471.64 $891.86 $0.00 $8,363.50
Yearly $89,659.67 $10,702.35 $0.00 $100,362.02
Total $2,689,790.10 $321,070.50 $0.00 $3,010,860.60

Today's Rates

30 Year

7.03%

20 Year

7.02%

15 Year

6.38%

Never Miss a Property

Be the first to know when a property hits the market.

Current Listings

Last 30 Days
N/A
Sep 2026

Average Price

All Price Ranges
N/A
Sep 2026

Average Days on Market

All Price Ranges
N/A
Sep 2026
Market insight data is pulled from the same city as the listing being viewed (Los Angeles, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-09-23T01:02:47.000Z

© 2026 CRMLS/Multi-Regional MLS

MLS Logo - CRMLS/Multi-Regional MLS