281 Avenue 52, Los Angeles, CA 90042
  • MLS#: 24438803 ( )
  • Street Address: 281 Avenue 52
  • Viewed: 6
  • Price: $4,528,888
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 403
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90042
  • Provided by: Seth Polen
  • Contact: Seth Seth
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    The subject property is a rare 24 Unit opportunity in Highland Park; offered at $4,528,888 ($188,704/Unit | $228/SF). Built in 1961, the property features a strong mix of mostly two bedroom units on a large 29,751 SF lot with 26 parking spaces. Residents enjoy a 95 Walk Score, easy access to the Metro Gold Line & 110 Freeway, and proximity to Figueroa & York's vibrant retail and dining scene. With below market rents, ADU potential (up to 8 units), and CAP rate upside from 4.53% to 7.27%, this asset combines stable income with significant growth potential.
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Features
Appliances
  1. Refrigerator
Building Area Total
  1. 19828.00
Country
  1. US
Direction Faces
  1. South
Heating
  1. Wall Furnace
Levels
  1. Two
Netoperatingincome
  1. 205665.00
Parcel Number
  1. 5468013045
Parking Features
  1. Covered
  2. Carport
  3. Controlled Entrance
  4. Parking Space
  5. Street
Postalcodeplus4
  1. 4530
Security Features
  1. Automatic Gate
  2. Gated Community
Sourcesystemkey
  1. 24-438803:CLAW
Totalexpenses
  1. 185787.00
Year Built
  1. 1961
Zoning
  1. LARD2