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$ 4,188,888
Est. payment /mo
Active
281 S Avenue 52 Los Angeles, CA 90042
19,828 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,828 sqft
Price per Sqft $211
MLS Listing ID CL26660709
HOA Y/N No
Year Built 1961
Lot Size 0.682 Acres
Acres 0.6824
Property Sub-Type Other
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
Zoning LARD2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5468013045
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Listed by Seth Polen • Seth Polen
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