159 S Avenue 53 Los Angeles, CA 90042

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.