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$1,399,000
Listing Price7beds
4baths
2,633sqft
10,364sqft lot
223 S Avenue 57, Los Angeles, CA 90042
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Full foreclosure details
Home value, equity and ownership info
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For Sale
Off Market
Home type
Price / sqft
Year built
Home Details
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,
Interior Details
2633
7
4
Has Heating:
Yes
Heating Type:
Floor/wall Furnace
Has Cooling:
Yes
Cooling Type:
N/A
Has Fuel:
No
Fuel Type:
N/A
Has Basement:
No
Basement Type:
N/A
Has Flooring:
No
Flooring Type:
N/A
Has Fireplace:
Yes
Fireplace Type:
N/A
Property Details
10364
No
No
Type:
N/A
Location:
N/A
Status:
N/A
Number of Spaces:
N/A
N/A
N/A
N/A
N/A
N/A
N/A
N/A
Construction Details
Quadraplex
N/A
N/A
N/A
N/A
Tax History
Year
Amount
Land
Improvement
Percent Change
Assessment
2019
$7,788
$382,223
$255,562
--%
$637,785
2019
$7,788
$374,729
$250,551
--%
$625,280
2018
$7,640
$367,382
$245,639
--%
$613,021
2017
$7,474
$360,179
$240,823
--%
$601,002
2016
$7,287
$353,117
$236,101
--%
$589,218
2014
$6,381
$371,722
$120,619
--%
$492,341
2013
$6,381
$370,043
$120,074
--%
$490,117
2012
$6,268
$362,788
$117,720
--%
$480,508
Average Home Price in 90042
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In August 2024, LA’s pre-foreclosures plummeted 50% from July and 60% from last year, suggesting better economic conditions or successful homeowner interventions. Similar trends in San Jose, while SF and SD remain stable. Sacramento shows significant improvement. LA’s efforts stand out. #HousingMarket #LosAngeles




