Active
144 S Avenue 55
Los Angeles CA, 90042
$3,825,000
$346.22 per sqft
Active
19 Beds
16 Baths
11,048 sqft
Residential
Built in 1961
Listed by Kenny Stevens with Compass 310-968-7005
*** $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.
24406843
MLSⓇ ID
June 21, 2024
Listed
August 30, 2024
Updated
Map
144 S Avenue 55
Los Angeles CA, 90042
Interior Features
Total Stories
2
Bedrooms
19
Total Bathrooms
16
Laundry Description
Common Area, Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
No
Exterior/Building Features
Lot Size
0.37 Acres
Other Property Details
Area Name
632 - Highland Park
Days on Market
48
Garage
No
Parking
Uncovered
Parking Total
16
View
No
View Description
None
County
Los Angeles
Pool
No
Zoning
LARD1.5
Listing History
Date | Event | Price |
|---|---|---|
8/8/2024 | Price change | $3,825,000 -4% |
Listing Contact: 310-230-5478
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/30/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 8/30/2024 at 7:09 PM UTC