Active

144 S Avenue 55

Los Angeles CA, 90042

$3,825,000


$346.22 per sqft

Active

19 Beds

16 Baths

11,048 sqft

Multi-family

Built in 1961

*** $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.

24-406843

MLS ID

June 21, 2024

Listed

October 2, 2024

Updated

Map

144 S Avenue 55
Los Angeles CA, 90042

Interior Features

Total Stories

2


Bedrooms

19


Total Bathrooms

16


Appliances

Other


Laundry Description

Community, Room


Fireplace

No


Cooling

Yes


Cooling Description

Wall/Window


Heating

Yes


Heating Description

Other

Exterior/Building Features

Lot Size

0.37 Acres

Other Property Details

Area Name

Highland Park


Days on Market

53


Garage

No


Parking

Uncovered


Parking Total

16


View

No


View Description

None


County

Los Angeles


Pool

No


Zoning

LARD1.5

Listed by Kenny Stevens with Compass
Listing Contact: 310-968-7005 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Vanessa Withers shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 10/2/2024

Powered byLuxury Presence