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We are pleased to present 376 N Ave 57, an exceptional 24-unit investment opportunity in the heart of Highland Park"”one 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 unrenovated units and current rents, this is a rare opportunity to acquire a well-located, renovated asset with strong in-place cash flow and meaningful future upside in one of Northeast Los Angeles' premier rental markets.
Property Type(s):
Residential Income
| Last Updated | 3/9/2026 | Year Built | 1962 |
|---|---|---|---|
| Community | 632 - Highland Park | County | Los Angeles |
Additional Details
| AREA | 632 - Highland Park |
|---|---|
| LOT | 0.4588 acre(s) |
| LOT DIMENSIONS | 19986 |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Location
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Listed with Growth Investment Group Pasade
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, 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 CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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