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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$4,188,888

Est. payment - /mo

43 Beds

24 Baths

19,828 SqFt

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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 19,828 sqft

Price per Sqft $211

MLS Listing ID 26660709

Bedrooms 43

HOA Y/N No

Year Built 1961

Lot Size 0.682 Acres

Property Description

This offering presents an excellent opportunity to acquire a 24-unit apartment community located in the highly desirable Highland Park neighborhood of Los Angeles. Built in 1961, the property consists of approximately 19,828 square feet of improvements situated on a 29,724 square foot lot. The unit mix includes 5 one-bedroom / one-bath units, 18 two-bedroom / one-bath units, and 1 two-bedroom / two-bath unit, offering a strong configuration that supports long-term tenant demand.Residents benefit from the property's proximity to Downtown Los Angeles via the 110 Freeway and convenient access to the Metro Gold Line, connecting Highland Park to South Pasadena, Pasadena, and DTLA. The property is also located near the vibrant Figueroa Street retail corridor, providing tenants with easy access to Highland Park's popular restaurants, cafes, shops, and neighborhood amenities. Opportunities to acquire assets of this scale in Highland Park remain limited, as the neighborhood is largely built-out and new multifamily development remains constrained.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD2

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Exterior

Parking Features Controlled Entrance, Covered, Carport, One Space, On Street

Community Features Gated

Total Parking Spaces 26

Building

Faces South

Entry Level Two

Level or Stories Two

New Construction No

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5468013045

Security Features Security Gate,Gated Community

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

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Listed by Seth Polen Seth Polen #01133279

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281 S Avenue 52 Los Angeles, CA 90042