281 S Avenue 52,Los Angeles, CA 90042
Los Angeles, CA 90042
Description
This offering presents an excellent opportunity to acquire a 24-unit apartment community located in the highly desirable Highland Park neighborhood of Los Angeles. Built in 1961, the property consists of approximately 19,828 square feet of improvements situated on a 29,724 square foot lot. The unit mix includes 5 one-bedroom / one-bath units, 18 two-bedroom / one-bath units, and 1 two-bedroom / two-bath unit, offering a strong configuration that supports long-term tenant demand.Residents benefit from the property's proximity to Downtown Los Angeles via the 110 Freeway and convenient access to the Metro Gold Line, connecting Highland Park to South Pasadena, Pasadena, and DTLA. The property is also located near the vibrant Figueroa Street retail corridor, providing tenants with easy access to Highland Park's popular restaurants, cafes, shops, and neighborhood amenities. Opportunities to acquire assets of this scale in Highland Park remain limited, as the neighborhood is largely built-out and new multifamily development remains constrained.
Details
| MLS # | 26660709 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1961 |
| Days On Site | 174 |
| Listing Provided By | Seth Polen | Seth Polen |
Features
| Bed(s) | 43 |
|---|---|
| Bath(s) | 24 |
| SQ Feet | 19,828 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 24 |
| Building(s) | 4 |
| Zoning | LARD2 |
| Acreage | 0.68 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Refrigerator |
Exterior
| Security Features | Security Gate, Gated Community |
|---|
Parking
| Parking Features | Controlled Entrance, Covered, Carport, One Space, On Street |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90042 |
| Area | 632 Highland Park |
| Listing VS Median (in 90042) | |
Price: $3,998,888 low | high Med: $1,297,000 sqft: 19,828 low | high Med: 3,853 $ / sqft: $202 low | high Med: $340 On site: 174 low | high Med: 63.5 | |
Market Activity 90042
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90042 |
| Area | 632 Highland Park |
| Listing VS Median (in 90042) | |
Price: $3,998,888 low | high Med: $1,297,000 sqft: 19,828 low | high Med: 3,853 $ / sqft: $202 low | high Med: $340 On site: 174 low | high Med: 63.5 | |