ActiveResidential · sale

955 S Highland Avenue

Los Angeles, CA 90036

$1,999,000

  • 6 beds
  • 4 baths
  • 4,326 sq ft
  • 0.22 acres
  • Built 1926

Listed by Rodeo Realty · MLS #26646861

A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1926.

Property size

0.22 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

NEWLY REDUCED RARE CORNER COMPOUND with 12 Car Parking Flexible Living ADU Potential Investors perhaps this could be a hidden gem of a money making opportunity for an Airbnb Own a spacious and versatile residence in the heart of Los Angeles Situated on a prominent corner lot this expansive property offers 4363 sq feet of living space with 6 bedrooms multiple living and working areas and a highly functional layout ideal for a variety of residential lifestyles One of the propertys most unique features is its rare gated onsite parking for up to 12 vehiclesan extraordinary amenity in this central location offering convenience for multidriver households guests or extended living arrangements The flexible floor plan includes multiple kitchen areas and separate living spaces making it well suited for multigenerational living shared housing or extended family use The property also represents potential to add an ADU buyer to verify with city creating additional living space and longterm value There is currently a 3 bed apartment over the garage in addition to the 6 beds in the main house The corner location allows for easy access and additional privacy with fewer immediate neighbors on one side This is a rare opportunity to secure a large scale residence with flexibility parking and future upside in one of Los Angeles most centrally located neighborhoods Step into the timeless charm of this stately 1926 residence rich with historic elegance and offered for the first time in over 40 years Rooms are generously sized offering flexibility and comfort Public records reflect 6 bedrooms and 3 bathsThere is additionally 1 more full bath and a 12 bath This home is set on an expansive 9682squarefoot gated corner lot the property offers parking for up to 12 vehicles including four enclosed garage spaces an extraordinary rarity A permitted recreation room above the garage is currently used as three additional bedrooms adding further versatility Brokeragent does not guarantee accuracy of square footage lot size zoning rent control permits use code schools andor other information concerning the conditions or features of the property provided by the seller or obtained from public records or other sources Buyer is advised to independently verify the accuracy of all information through personal inspections with appropriate professional A rare opportunity for a discerning buyer to make this special property their own bringing personal vision and custom touches to create a truly unique property Near to the hip restaurants on S La Brea All Seasonings Brewing Co Met HerHim at a Bar The Night We Met With the new subway opening on La Brea Wilshire and the newly renovated LACMA and other museums this is the place to be

THE NEIGHBORHOOD

Explore the location.

955 S Highland Avenue, Los Angeles, CA 90036

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1926
Full baths
3
Half baths
1
Cooling
CentralAir,Dual
Heating
Central
Appliances
Refrigerator
Flooring
Tile,Wood
Fencing
WroughtIron
Pool
No
Pool features
None
Spa
No
Zoning
LAR1
Parcel
5084006031

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$8,329.17
Cap rate

Annual operating income:

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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955 S Highland Avenue, Los Angeles, CA 90036 · MLS #26646861

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Listing information

MLS #26646861 · California Regional MLS

Listing brokerage: Rodeo Realty
Listing agent: Michelle Gurman

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.