$ 3,712,000
144 S Avenue 55 Los Angeles, CA 90042
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,712,000
Est. payment /mo
Active
144 S Avenue 55 Los Angeles, CA 90042
11,048 SqFt
UPDATED:
11/11/2024 11:16 PM
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 11,048 sqft
Price per Sqft $335
MLS Listing ID CL24406843
HOA Y/N No
Year Built 1961
Lot Size 0.365 Acres
Acres 0.37
Property Description
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 10.21% CAP and 7.66 GRM. 144 S. Avenue 55 can be purchased individually or in conjunction with a 10-unit property with approx. 66% rental upside, located 1 mile away (1223 N. Avenue 56). Please contact LA1 for more info.
Location
State CA
County Los Angeles
Area Listing
Zoning LARD
Interior
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Community Facility, Laundry Room
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5468014024
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Listed by Kenny Stevens • Compass