11
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$4,188,888
Est. payment /mo
43 Beds
24 Baths
19,828 SqFt
Price Dropped by $20K
281 S Avenue 52 Los Angeles, CA 90042
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 19,828 sqft
Price per Sqft $211
MLS Listing ID 26660709
Bedrooms 43
HOA Y/N No
Year Built 1961
Lot Size 0.682 Acres
Property 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.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD2
Interior
Heating Wall Furnace
Fireplace No
Appliance Refrigerator
Exterior
Parking Features Controlled Entrance, Covered, Carport, One Space, On Street
Community Features Gated
Total Parking Spaces 26
Building
Faces South
Entry Level Two
Level or Stories Two
New Construction No
Schools
School District Los Angeles Unified
Others
Senior Community No
Tax ID 5468013045
Security Features Security Gate,Gated Community
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
Listed by Seth Polen Seth Polen #01133279
Nearby Locations
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