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159 S Avenue 53, Los Angeles, CA 90042
$1,140,000
159 S Avenue 53, Los Angeles, CA 90042View this property at 159 S Avenue 53, Los Angeles, CA 90042
159 S Avenue 53Los AngelesCA90042
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Property Description
Highland Park 4 plex with unique amenities, large lot and a private yoga studio! New to the market and offering a combination of factors that encompass the unique characteristics of the Arroyo, RiverRock located at 159-161 S Avenue 53 includes 2 character buildings with 4 total living spaces and multiple shared spaces both indoors and out. The front building features a 3 bedrooms, 2 bathroom home, living studio to the side and laundry room at the rear. As the hill slopes towards the arroyo, a shared studio, affectionately named The Well, is tucked under the main building and includes a well lit space for yoga, meditation, working from home and gathering your tribe. The rear building includes a 2 bedroom, 1 bath apartment to the left and a living studio to the right. Both buildings benefit from upgraded copper plumbing, tankless water heaters, updated electric panel and sympathetic updates. Originally built in 1923 and 1926, these homes are well loved by the current residents who enjoy a shady and quiet respite within blocks of the Figueroa business district where culinary and entertainment venues like the Lodge Room, Otono, Folliero's Pizza and brunch at Kitchen Mouse create opportunities to be nourished and share good times.. Large shade trees, multiple patios and garden paths lead in and around the property. All 4 residences are currently rented and there are rules and regulations from the City of LA to follow. Limited showings as a result of needing to protect the privacy and security of the current residents. Zoning is LARD2The parcel is a sizable 12,924 square feet with a 120 foot frontage and gentle curve to a narrower rear portion of the property where a carport/shed is used for storage. A 10 foot wide walkway to Longfellow Street is suitable for boat or RV storage or as the entry walk to a new construction ADU on this portion of the lot. The area is part of the Highland Park HPOZ. With attractive financing on 4 unit properties available from Fannie Mae, this may be a great property for you.
Full Property Details
Full Property Details for 159 S Ave 53
General
- Sold For: $1,140,000
- Status: Closed
- Type: Multi-Family
- MLS ID: P1-15354
- Added to Site: 204 day(s) ago
Interior
- Fireplace(s): None
- Appliances: Dishwasher, Tankless Water Heater, High Efficiency Water Heater, Gas Range
Rooms
Other Rooms
- Laundry: Community, Stackable
Additional Information
- Pool Description: None
- Spa Description: None
Exterior
- Exterior Features: Lighting, Rain Gutters
Parking
- Parking Features: Carport, Driveway, Off-Street
- Parking: Carport, Driveway, Off-Street
Location
- Area: 632 - Highland Park
- County: Los Angeles
- Development Name: 632 - Highland Park
- Driving Directions: From 110 Freeway, exit Avenue 52 North. Turn right on Longfellow, left on Avenue 53. Property on East side of the street. From Figueroa Street, head South on Avenue 53. Property on left side.
Heating & Cooling
- Cooling Type: None
- Heating Type: Wall Furnace, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 4
- # Electric Meters: 4
Structural Information
- Architectural Style: Craftsman
- Roof: Other
- Entry Location: Ground level with steps to 2 of 4 apartments
- Stories/Levels: Two
- Stories Description: Two
- Square Feet: 2,107
- Year Built: 1923
Unit Information
Unit 1
- Total Bathrooms: 2
- Bedrooms: 3
Unit 2
- Total Bathrooms: 1
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Canyon, River, Park/Greenbelt, Mountain(s)
- Lot Size (Acres): 0.2968
- Lot Size Source: Public Records
- Zoning: LARD2
- Lot Description: Landscaped, Bluff, Treed Lot, No Sprinklers, Lot 10000-19999 Sqft, Gentle Sloping, Utilities - Overhead, Sloped Down
Financial Considerations
- Price Per Sq. Ft.: $569.53
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
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Schools
Schools serving 159 S Ave 53
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5423 Monte Vista St, Los Angeles, CA 90042 | 2-5 | 0.3 mi | |
Richard Riordan Primary Center
5531 Monte Vista St, Los Angeles, CA 90042 | PK-1 | 0.4 mi | |
820 N Avenue 54, Los Angeles, CA 90042 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 159 S Ave 53
Date
Details
Price
Change
Source
12/21/2023
Sold
$1,140,000
-5%
MLS
11/10/2023
Price Reduced
$1,200,000
-4%
MLS
10/10/2023
Listed
$1,250,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
159 S Avenue 53, Los Angeles, CA 90042 (MLS# P1-15354) is a Multi-Family property that was sold at $1,140,000 on December 21, 2023. This property was listed by Adam Bray-Ali from our San Marino Office.Want to learn more about 159 S Avenue 53? 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.