375 N AVENUE 51 | HIGHLAND PARK | 3BR + 2BA Home w/ Detached 2BR + 1BA Cottage 

The Coronado Real Estate Group is pleased to present for sale a home in prime Highland Park with a detached guest cottage! The home’s design is bright and open with contemporary features that are sure to impress – PLUS – the ability to rent the rear cottage provides a unique opportunity to pay off the mortgage quickly! 

INVESTMENT HIGHLIGHTS

  • 12.07 GRM

  • 6.50% CAP

  • Both Rented: $6,900/Month Approx.

  • Only Back Rented: $2,650/Month Approx.

  • Only Front Rented: $4,250/Month Approx.

  • Est. Expenses for Both: $17,913/Year

  • $82,800 Gross Income if Both Rented

Re-Imagined Highland Park home and a modern jewel, presenting a unique opportunity to have it all by living lavishly while setting yourself up for future financial success! Clean lines and a bright, airy feel lead you through the space that is dotted with high-end design features like custom moldings and tile work, modern doorways and a one-of-a-kind glass enclosed master en suite you will not want to leave. The home has a completely open layout with the kitchen as the heart of the space and three bedrooms and two baths, including a multi-purpose finished attic – the perfect spot for a music room, playroom, extra hangout space, theater and more! Every surface has been touched and minimalist lines with decorative design features that add visual interest, defines the space throughout! The home’s exterior has been freshly painted with high-contrast color scheme and the spacious 9,000+ SF yard has fresh landscaping, new fencing and large concrete patio for entertaining. Plus the quaint front porch with new decking and sunset views is an exceptional spot for a glass of wine after a busy LA day.
In addition to all of the home’s modern delights, the property also includes a detached, two bedroom, one bath guest cottage – with rental income potential of approximately $2,650/month! OR rent both homes for approximately $6,900/month! Renting the guest cottage provides buyers a unique opportunity to live in a spacious modern home while paying off the mortgage quickly through rental income. The cottage continues the same design and includes a separate parking area that is accessible through the rear alleyway. The cottage is turn-key and the modern finishes, no-shared walls, separate yard, and parking space are features proven to be highly desirable among today’s renters.
Did we mention location?! Minutes from the epicenter of Highland Park – Figueroa & York Blvd and the HP Metro Station! Highland Park has become one of LA’s most sought after real estate neighborhoods providing residents an eclectic array of local shops, amenities and eateries to enjoy! From traditional Mexican fair at El Pescador, to modern Vietnamese at Good Girl Dinette, to Romanian-Californian Comfort Food at Parsnip – there are options to entice every pallet! In the evening stop by the Greyhound for a drink before bowling some rounds at HP Bowl, or visiting one of the many recurring local events like the NELAart Gallery Nights, or something new from the Happening in Highland Park events calendar. Easily accessible to all of Los Angeles by public transportation from the Highland Park Metro Station and the 110, 5 and 2 freeways!

*All information provided to be deemed reliable but not guaranteed. Buyer to complete all investigations into the property and/or any matters that may or may not affect the property independently and to their own satisfaction. Floor plans were not created by the listing agent and listing agent makes no guarantees to their accuracy.

2 Comments

  • Tanner Hoss says:

    Hey Coronado team,

    Is this property still available? I have a client who is really interested, but his budget is a little under $1.25m. Could you let me know if you guys decide to reduce the list price at all? Such a gorgeous remodel, congrats!

    Thanks!
    Tanner Hoss
    213-465-0904

    • Hi Tanner,

      Thank you for contacting us about our listing! It will hit market next week most likely, so you can follow the status there. If anything changes we will keep you and your buyer in mind.

      Thank you,
      Team Coronado

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