322 N Avenue 52 - Apartments FOR SALE


Los Angeles, CA 90042- Eagle Rock
$2,300,000 USD
310-742-9964
322 N Avenue 52, Los Angeles, CA for Sale
$2,300,000 USD
Apartments - FOR SALE
1/2
null | 4.93% Cap Rate

322 N Avenue 52
Los Angeles, CA 90042
Eagle Rock


HIGHLIGHTS

  • Compelling Value-Add with Average Rents of $1,260 Compared to $1,891 Pro Forma - 50% Upside
  • 2,500 SF Rear Surface Parking Lot
  • Attractively priced at Only $143,750 per Unit
  • Walkable to the Transformed Figueroa Street Corridor
  • Super Bowl, World Cup, and 2028 Olympics to Put Los Angeles on the World Stage

OVERVIEW

WDIS, Inc., as the exclusive advisor, is pleased to present Highland (the “Property”) for sale a 16-unit 1920's-character apartment building. The Property includes a 2,500 SF rear surface parking lot and is situated two blocks from the Metro A Blue Line and three blocks from Figueroa Street. Residents are provided with premium walkability to a 2.5-mile retail corridor of locally owned mom and pop stores with modern destinations such as the Highland Bowl. Residents also benefit from easy access to the Metro A Blue Line, connecting them every major employment hub in Greater Los Angeles.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$209 USD /SF

# OF UNITS

16

PRICE/UNIT

$143,750

CAP RATE

4.93%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

16-Unit Value-Add | $144K/unit | 322 N Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

9,827 SF

ZONING

LARD1.5

APN/PARCEL ID

5469-013-009

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

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