311 S Avenue 59 - Apartments FOR SALE


Los Angeles, CA 90042
$1,095,000 USD
310-562-9630
311 S Avenue 59, Los Angeles, CA for Sale
$1,095,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

311 S Avenue 59
Los Angeles, CA 90042


HIGHLIGHTS

  • 1 Unit Vacant and Available to Show!
  • Great Investment Property in Highland Park near Figueroa's hottest shops, cafes, bars, & restaurants.
  • Unit Mix: Four Large 2Br+1Ba Apartments That Average Appx 800 SF Each
  • Purchase With Residential Owner-User or Investor Financing - Call For Loan Programs, Interest Rates & Options!
  • Adjacent 4 Unit at 5920 Benner (Exact Same Size and Layout) Just Sold for $1,420,000!
  • 4 Open Parking Spots & Potential To Utilize Open Space As Parking Via Curb Cut on Benner

OVERVIEW

Rare opportunity to buy a value-add 4plex in hip Highland Park on a large corner lot with parking! All apartments are 2 bedroom and 1 bathroom, and the spacious units average 806 SF each per title. Each apartment has one large bedroom and one smaller bedroom with no closet. Two apartments have small office areas off the kitchen, and all units have a closet at the end of the hallway that would be prefect for in unit stackable washer/dryers. There are separate hot water heaters and meters, and the property is professionally managed. Expenses are naturally low on a building like this. This property is in a prime area of Highland Park near Figueroa and with easy access to the 110 Freeway. All in all, this is an excellent investment in a stellar location.

FOR SALE DETAILS

PRICE

$1,095,000 USD

PRICE/SF

$336 USD /SF

# OF UNITS

4

PRICE/UNIT

$273,750

CAP RATE

Request Cap Rate

% LEASED

75%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Incredible Highland Park Fourplex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,708 SF

ZONING

LARD1.5

APN/PARCEL ID

5492-019-007

ASK ABOUT THIS PROPERTY

Dana CoronadoCompass CommercialMore Info
310-562-9630

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Dana CoronadoCompass CommercialMore Info
310-562-9630

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.