Active Open Sunday 09/06 3 PM-6 PM

223 S Avenue 57

Los Angeles, CA 90042
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Bed 6

Bed

Bath 4

Bath

SqFt2,633

Sqft

SqFt10,367

Sqft(Lot)

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 b edrooms 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!

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,399,000

AD Id : 90960670

MLS Id : 26952553

Beds : 6

Lot Size : 10,367 Sqft

Living Area Size : 2,633

Year Built : 1918

Garage : 4

County : Los Angeles

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  • 09/06 3 PM-6 PM
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Feature Features

  • Bedroom Information

    Total beds: 6

    Bathroom Information

    Total Baths: 4
  • Interior Features

    Appliances: Dishwasher, Refrigerator, Dryer, Washer
  • Heating & Cooling

    Has Heating: Yes Heating: Central Has Cooling: Yes Cooling: CentralAir

  • Building Information

    Year Built: 1918
    Building Area Total: 2633
    Stories: 1
    Private Pool: No

  • Lot Information

    Main Square Feet: 10367 Lot Size Acres: 0.238 Lot Size Square Feet: 10,367

  • Listing Price Information

    Listing Price: $1399000

  • Tax Information

    Parcel Number: 5492004012

  • Parking Information

    Parking Total: 8 DetachedCarport

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Google Maps
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522 524 San Pascual Ave.., Los Angeles, CA, 90042 $2,300,000 11 10 -- 12,900 Sqft
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859 Cresthaven Drive, Los Angeles, CA, 90042 $1,695,000 3 2 1,661 4,351 Sqft
211 Chestnut, Los Angeles, CA, 90042 $724,999 2 2 1,120 4,789 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/03/2026 @ 09:48

MLS: 26952553 LISTED BY: Ken Shapiro, Silverwood Properties 213-250-4404 SOURCE: CRMLS

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