CA > Los Angeles
Los Angeles, CA 90042,144 S Avenue 55
Los Angeles, CA 90042,144 S Avenue 55
Los Angeles, CA 90042,144 S Avenue 55
9
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$3,712,000
Est. payment /mo
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19 BD
16 BA
11,048 SqFt
Price Dropped by $113K

144 S Avenue 55 Los Angeles, CA 90042

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Jason Tomei

Jason Tomei

+1(702) 802-8142

UPDATED:

11/11/2024 09:34 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 11,048 sqft

Price per Sqft $335

MLS Listing ID 24-406843

Bedrooms 19

Year Built 1961

Lot Size 0.365 Acres

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 Highland Park

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Other

Cooling Wall/Window

Equipment Other

Laundry Community, Room

Exterior

Garage Uncovered

Garage Spaces 16.0

View Y/N No

View None

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Compass

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Jason Tomei

Agent | RE.S.0176035

+1(702) 802-8142

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144 S Avenue 55