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$975,000
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Property Description
Rare Sale of a 100% Vacant, Value-Add Triplex in Prime Highland Park! Less than a block from Figueroa & all the hotspots that make Highland Park one of the most vibey neighborhoods in Northeast LA. Final unit mix after remodel and ADU construction could be: a 3Br+2Ba 1,086 SF unit, a 3Br+2Ba 1,152 SF unit, a 1Br+1Ba 612 SF unit, and a rear detached two story ADU 3Br+3Ba and 1,180 SF. Potential future income is appx $14,000 per month! WOW! The 1Br+1Ba has already been fully renovated. RTI permits to remodel 2 units in front, plus approved plans to build a rear 1,100 SF ADU will transfer with the sale (value of over $100,000!) RTI Permits means Ready To Issue - after escrow is closed the Buyer just pays the permit fees and begins construction immediately! A huge value! This property would make an ideal TIC conversion, owner-user property, or stabilized cash flowing investment once renovated. Full marketing package available upon request.
Full Property Details
Full Property Details for 140 S Avenue 58
General
- Sold For: $975,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 25499913
- Added to Site: 333 day(s) ago
Interior
- Interior Features: None
- Cooking Appliances: Oven-Gas
- Flooring: Laminate, Tile
Rooms
Bathrooms
- Total Bathrooms: 5
- Bathroom Features: Tile, Low Flow Shower(s), Low Flow Toilet(s)
Bedrooms
- Total Bedrooms: 10
Other Rooms
- Laundry: In Unit
Additional Information
- Pool Description: None
- Spa Description: None
- Security/Safety: Carbon Monoxide Detector(s), Smoke Detector, Automatic Gate
- Other Features: None
Exterior
- Deck/Patio: None
Parking
- Garage Description: Driveway - Concrete, Driveway Gate
Location
- Area: Highland Park
- County: Los Angeles
- Driving Directions: South on Avenue 58 from Figueroa.
- Direction Faces: East
School Information
- School District: Los Angeles Unified
Heating & Cooling
- Cooling Type: Ceiling Fan
- Heating Type: Wall Gas
Utilities
- Sewer: In Connected and Paid
- Water: Public
Structural Information
- # Buildings: 1
- Architectural Style: Craftsman
- Exterior Const.: Frame, Wood Siding
- Basement Desc.: Raised
- Foundation: Raised
- Roof: Composition, Shingle
- Disability Access: None
- Entry Location: Ground Level w/steps
- Stories/Levels: 2
- Square Feet: 3,384
- Sq. Ft. Source: Assessor
- Year Built: 1909
- Year Built Source: Vendor Enhanced
- Property Condition: Fixer
Unit Information
- Units in Complex: 3
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Total Bathrooms: 2
- Bedrooms: 3
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1589
- Lot Size: 6923
- Lot Size Source: Assessor
- Irrigation System: None
- Lot Features: None
- Zoning: LARD1.5
- Lot Description: Lot Shape-Rectangular, Fenced Yard
Financial Considerations
- Price Per Sq. Ft.: $325.06
- Price Per Unit: 366667
- Assessment Year: 1909
- Owner Pays: Gardener, Water
- Tenant Pays: Gas, Electricity, Trash Collection
Disclosures and Reports
- Inclusions: Sale includes RTI Permits for a remodel of 2 units, and non-RTI plans for a rear detached 3Br+3Ba ADU.
- Disclosures/Reports: Rent Control, Seller/Owner/Principal RE Licensed
- APN: 5492-002-002
Listed by Compass, Dana Coronado and Compass, Charlie Coronado
Sold by Compass, Dana Coronado
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Schools
Schools serving 140 S Avenue 58
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Richard Riordan Primary Center 5531 Monte Vista Street, Los Angeles, CA 90042 | K-1 | 0.3 mi |
Monte Vista Street Elementary School 5423 Monte Vista Street, Los Angeles, CA 90042 | 2-6 | 0.4 mi |
Benjamin Franklin Senior High School 820 North Avenue 54, Los Angeles, CA 90042 | 9-12 | 0.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 140 S Avenue 58
Date
Details
Price
Change
Source
8/21/2025
Sold
$975,000
-11.36%
MLS
6/09/2025
Price Reduced
$1,100,000
-12%
MLS
4/21/2025
Price Reduced
$1,250,000
-7.41%
MLS
2/18/2025
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
140 S Avenue 58, Los Angeles, CA 90042 (MLS# 25499913) is a Multi-Family property that was sold at $975,000 on August 21, 2025. Want to learn more about 140 S Avenue 58? Do you have questions about finding other Multi-Family real estate for sale in Highland Park? You can browse all Highland Park real estate or contact a Coldwell Banker agent to request more information.

