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Backup Offers

1337 S Highland Ave, Los Angeles, CA, 90019

$1,250,000

Home List Price

$10,000*

Closing Credit

8 Bedrooms
8 Baths
6,256 SqFt
$200/SqFt
House

Location

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1337 S Highland Ave, Los Angeles$1,250,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingUncovered
Year Built1928
MLS #24453401
Lot Size0.21 Acres
StatusAccepting Backup Offers
(Active Under Contract)

About 1337 S Highland Ave

The garden style asset, 1337 S. Highland Avenue, is comprised of two adjacent apartment buildings with a total of eight units situated in the diverse Mid City neighborhood of Los Angeles. The asset boasts eight tandem parking spaces located directly in front of the property. The unit mix consists of eight large, well-designed one-bedroom / one bathroom units that include outdoor space for added convenience and appeal.The low price per unit establishes a strong initial investment basis, making it attractive for buyers looking to maximize their return. Notably, the property has a significant potential upside in rents, indicating substantial room for income growth and increased profitability via bringing down operational expenditures. This property offers a compelling value add investment opportunity to new ownership. The neighborhood is located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue. SOLD AS-IS. SUBJECT TO COURT APPROVAL AND OVERBID

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Stories: 0
  • Living Area: 6,256 SqFt

Listing Office:

  • Office Name: Dover Management Corp.
  • Office Phone: (818) 843-5200
  • Listing Agent: Douglas Steinriede

Interior Features

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Parking Information:

  • Parking: Uncovered

Lot Features

Lot Information:

  • Lot Size: 0.21 Acres

Other

Directions Information:

  • Directions: Located in the city's central region, between Hancock Park and Miracle Mile, and is bordered by West Third Street, LaBrea Avenue, Wilshire Boulevard, Crenshaw Boulevard, Pico Boulevard, and Fairfax Avenue.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,250,000
  • Price Per SqFt: $200/SqFt

Tax Information:

  • Annual Amount: $2,202
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

1337 S Highland Ave vs Los Angeles

76 DAYS ON ROCKET

+38 Days

$1,250,000

+$228.4K More

$200/SqFt

-$440 Less

KEY TAKEAWAY

This property is $228.4K more than the Median Sold Price and $440/SqFt less than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #24453401

Listing Office:

  • Office Name: Dover Management Corp.
  • Office Phone: (818) 843-5200
  • Listing Agent: Douglas Steinriede

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/31/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$2,202$85,556
2020$2,165$84,679
2019$2,040$83,020
2018$1,973$81,393
2017$1,973$79,798

History based on county public records data.

Payment Calculator

$6,306

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,814

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-2272938
5
/10

  • Alta Loma Elementary School

  • 1745 Vineyard Ave

  • 0.48 miles

  • Public District Grades KG-5

school-card-donut-2272939
6
/10

  • Wilshire Crest Elementary

  • 5241 W Olympic Blvd

  • 0.62 miles

  • Public District Grades KG-5

school-card-donut-2272940
5
/10

  • Saturn Street Elementary

  • 5360 Saturn St

  • 0.73 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $35,000. Typical income of Los Angeles, CA residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 1337 S Highland Ave

What is the listing price of this property?

The listing price of 1337 S Highland Ave property is $1,250,000.

What type of property is this?

The property 1337 S Highland Ave is a house located in Los Angeles, California, 90019.

Is this property for sale now?

Accepting Backup Offers: 1337 S Highland Ave is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $2,202 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 1337 S Highland Ave has 8 bedrooms and 8 bathrooms.

What is the square footage of this property?

The property 1337 S Highland Ave is 6,256 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 1337 S Highland Ave is 1928.

Rocket Homes›California›Los Angeles County›Los Angeles›90019›1337 S Highland Ave

This home is located at 1337 S Highland Ave in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. This 6,256 square foot home, which was built in 1928, sits on a 0.21 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $1,250,000.

In November 2024 more than 512 listings in Los Angeles, CA were sold above the asking price. During the same period more than 177 listings were sold at asking price, while more than 657 were sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. In November 2024, listings were on the market for 38 days. During the same period, the median list price in this real estate market was $1,021,532.

From Rocket Homes Real Estate and based on county public records data.

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