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
August 23, 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 8/23/2024
