376 N Avenue 57, Los Angeles, CA 90042
Local realty services provided by:CENTURY 21 Affiliated
376 N Avenue 57,Los Angeles, CA 90042
$8,088,000
- 3 Beds
- 3 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: justin mccardle
Office: growth investment group pasade
MLS#:AR26051140
Source:San Diego MLS via CRMLS
Price summary
- Price:$8,088,000
About this home
We are pleased to present 376 N Ave 57, an exceptional 24-unit investment opportunity in the heart of Highland Parkone of the most sought-after and rapidly evolving neighborhoods in Los Angeles. Strategically located within walking distance of the vibrant retail and dining corridor along Figueroa Street, York Blvd, and the Highland Park Station, this property provides unparalleled convenience and connectivity. This rare 8.28% Cash-on-cash return deal in a gentrified area provides a safe investment in a volatile market. The building was built in 1962 and situated on a commanding 20,000 SF lot, this asset has undergone significant capital improvements between 2020 and 2026. The heavy lifting is already complete: 22 of the 24 units have been extensively renovated to feature new flooring, shaker cabinets, stainless-steel appliances, updated bathrooms, LED lighting, mini-split HVAC systems, and in-unit laundry. Furthermore, the building benefits from vital systemic updates, including plumbing and electrical panel / subpanel upgrades. The favorable unit mix consists of (20) 1-bedroom units, (2) 2-bedroom units, and (2) studio units. All units are individually metered for gas and electricity, helping to minimize owner expenses. This offering represents a secure, high-yield investment anchored by highly attractive in-place financing. A new owner can assume a 3.7% fixed interest rate through June 2029, generating an estimated 8.28% cash-on-cash return from day one. With utilities individually metered for gas and electricity, RUBS already implemented, and remaining upside in the two
Contact an agent
Home facts
- Listing ID #:AR26051140
- Added:1 day(s) ago
- Updated:March 11, 2026 at 02:29 PM
Rooms and interior
- Bedrooms:3
- Total bathrooms:3
Finances and disclosures
- Price:$8,088,000
New listings near 376 N Avenue 57
- Open Sat, 2 to 4pmNew
$1,100,000Active3 beds 2 baths1,713 sq. ft.7447 Enfield, Reseda, CA 91335
MLS# SR26052709Listed by: PREMIER AGENT NETWORK - Open Sat, 2 to 5pmNew
$759,000Active3 beds 2 baths1,290 sq. ft.8621 S Wilton Place, Los Angeles, CA 90047
MLS# 26646001Listed by: THE PROUD CROWD INC. - New
$479,999Active2 beds 2 baths1,170 sq. ft.25391 Pine Creek Lane, Wilmington, CA 90744
MLS# NP26047302Listed by: FOUR SAIL REALTY - Open Sat, 1 to 4pmNew
$1,880,999Active3 beds 3 baths1,620 sq. ft.5104 Lindblade, Culver City, CA 90230
MLS# OC26021378Listed by: INNOVATE REALTY, INC. - New
$860,000Active-- beds -- baths1,828 sq. ft.3875 Arlington, Los Angeles, CA 90008
MLS# SR26045981Listed by: MONTANA REALTY - New
$575,000Active2 beds 2 baths983 sq. ft.4029 S Pacific #6, San Pedro, CA 90731
MLS# SR26049423Listed by: RODEO REALTY - Open Fri, 12 to 2pmNew
$2,795,500Active4 beds 5 baths3,428 sq. ft.15719 Hartsook Street, Encino, CA 91436
MLS# SR26052992Listed by: COMPASS - New
$1,895,000Active5 beds 4 baths3,214 sq. ft.20209 Wells Drive, Woodland Hills, CA 91364
MLS# 26658505Listed by: PINNACLE ESTATE PROPERTIES - Open Sat, 1 to 4pmNew
$3,750,000Active4 beds 4 baths3,758 sq. ft.7546 Devista Drive, Los Angeles, CA 90046
MLS# 26658947Listed by: KELLER WILLIAMS BEVERLY HILLS - Open Fri, 10am to 1pmNew
$1,595,000Active3 beds 2 baths2,237 sq. ft.8420 La Tuna Canyon Road, Sun Valley, CA 91352
MLS# 26659593Listed by: COMPASS