Address
162 S Avenue 55 Los Angeles, CA
Price
$ 10,995,000
Property Attributes
  • MLS#20660142
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHighland Park
  • Zip90042
  • Style
  • Price$ 10,995,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.56 Acres
Listing Provided Courtesy Of:
Janet Neman with Kidder Mathews of California, Inc..
Property Description

30-unit investment opportunity in prime Highland Park, one of the most desirable and rapidly developing submarkets of Los Angeles. 26 out of the 30 units have been extensively renovated and redesigned with new open-concept layouts and high-end finishes including new stainless-steel appliances, solid stone countertops, hardwood flooring throughout, new kitchen cabinets and backsplashes, beautiful bathrooms with new sinks and vanities, frosted glass front doors, spacious closets, new fixtures, matte black designer finishes, and new HVAC units. The electrical systems have been upgraded and rewired and 23 out of the 30 units are equipped with new, in-unit stackable washer and dryers. 4 units haven't been renovated, leaving room for an investor to capitalize on the remaining rental upside. The Property has secured entry and features beautiful exterior renovations and common area amenities including a lounge area, BBQ, and firepit. The seismic retrofit work has also been completed.

Price History
11/16/2020 Listed $10,995,000

General Features

Appliances Barbecue, Dishwasher, Disposal, Refrigerator
Directions South of Figueroa Street, which is one block away. North of the 110 Freeway - Arroyo Secco Parkway. East of S Avenue 57 and West of S Avenue 52.
Heating Wall Furnace
Levels Two
Listagentaor Beverly Hills/Greater LA
Listing Agent Janet Neman - BRE#01069127
Listing Agent State License 01069127
MLS Area 632 - Highland Park
Parking Features Assigned
Security Features Gated Community
Source System CRMLS
Special Listing Conditions Standard
Total Units 30
Zoning LARD1.5

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Total Stories 2

Exterior Features

Lot Size Acres 0.5600
Lot Size Area 24507.0000
Lot Size Square Feet 24507.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90042

Price
AVG $2.18M
$11M
Visits
AVG 28
13
Year Built
AVG 1934
1963

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