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144 S Avenue 55
Los Angeles, CA 90042
Residential Multi Family (Other)
N/A Acres
11048 Sqft Living Area
19 Bedrooms
0 Bathrooms (0 Full, 0 Half)
Year Built: 1961
$3,950,000
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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. 60% 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, located 1 mile away (1223 N. Avenue 56). Please contact LA1 for more info.
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Contact Details
Name: Kenny Stevens
Email: kenny@kennystevensteam.com
MLS Listing Id: 24-406843
Agent Phone: (310) 230-5478
List Agent License:
Office Name: Compass
Office Phone: (310) 230-5478
Office MLS Id: X81461
Listing Status: Active
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Copyright © 2024 OpenHous, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
