• Asking Price $3,950,000
  • Estimated Value: $3,391,821

  • 144 S AVENUE 55 LOS ANGELES, CA 90042

  • 19 Beds 1.6 Baths 11,048 SqFt
  • Townhouse or Condo / Resale (MLS)
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Property Details for 144 S AVENUE 55, LOS ANGELES, CA 90042

Features

  • Price/sqft: $357
  • Lot Size: 15822 sq. ft.
  • Total Units: 16
  • Total Rooms: 5
  • Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • Stories: 200
  • Roof Type: FLAT
  • Construction Type: Frame
  • Exterior Walls: Stucco

Facts

  • Year Built: 01/01/1961
  • Property ID: 893538479
  • MLS Number: 24-406843
  • Parcel Number: 5468-014-024
  • Property Type: Townhouse or Condo
  • County: LOS ANGELES
  • Legal Description: SUB OF HIGHLAND PARK TRACT LOT ON SW LINE OF AVE 55 COM SE 336 FT FROM SE LINE OF FIGUEROA ST TH SE ON SD SW LINE 95 FT WITH A UNIFORM DEPTH OF 168 FT S 59 45 W PART OF LOT/SEC 44
  • Zoning: LARD1.5
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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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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.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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