144 S Avenue 55, Los Angeles, CA 90042
-
Listed Price :
$3,825,000
-
Beds :
19
-
Baths :
16
-
Property Size :
11,048 sqft
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Year Built :
1961
Property Description
*** $125,000 price reduction **** 144 S. Avenue 55 is a well-maintained 16-unit courtyard-style property located 1 block south of Figueroa St, the commercial hub of Highland Park. Notable tenants of this lively hub include Highland Park Bowl, Go Get 'Em Tiger, Mendocino Farms, Highly Likely, Blind Barber and more. In addition, the property is approx. 2 miles from Occidental College, and could potentially be an off-campus student housing option. Built in 1961, this courtyard-style property features (3) 2-bdrm. units & (13) 1-bdrm. units. Please note, there is a VACANT 2-bdrm. unit. The property presents a substantial value-add opportunity with approx. 78% rental upside. At projected market rents, the property will stabilize at a 8.34% CAP and 9.01 GRM. 144 S. Avenue 55 can be purchased individually or in conjunction with a 10-unit property w/ approx. 60% rental upside, located 1 mile away (1223 N. Avenue 56). Please contact LA1 for more info.
Interior Features
| Laundry Information |
| Location(s) |
Common Area, Laundry Room |
| Bedroom Information |
| Bedrooms |
19 |
| Bathroom Information |
| Bathrooms |
16 |
| Interior Information |
| Cooling Type |
Wall/Window Unit(s) |
Listing Information
| Address |
144 S Avenue 55 |
| City |
Los Angeles |
| State |
CA |
| Zip |
90042 |
| County |
Los Angeles |
| Listing Agent |
Kenny Stevens DRE #01090251 |
| Courtesy Of |
Compass |
| List Price |
$3,825,000 |
| Status |
Active |
| Type |
Residential Income |
| Structure Size |
11,048 |
| Lot Size |
15,910 |
| Year Built |
1961 |
Listing information courtesy of: Kenny Stevens, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 8th, 2024 at 7:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
