281 S Avenue 52 Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90042
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 19,828 sqft
Price per Sqft $228
MLS Listing ID CL24438803
Year Built 1961
Lot Size 0.682 Acres
Property Sub-Type Other
Property Description
The subject property is a rare 24-Unit opportunity in Highland Park; offered at $4,528,888 ($188,704/Unit | $228/SF). Built in 1961, the property features a strong mix of mostly two-bedroom units on a large 29,751 SF lot with 26 parking spaces. Residents enjoy a 95 Walk Score, easy access to the Metro Gold Line & 110 Freeway, and proximity to Figueroa & York's vibrant retail and dining scene. With below-market rents, ADU potential (up to 8 units), and CAP rate upside from 4.53% to 7.27%, this asset combines stable income with significant growth potential.
Location
State CA
County Los Angeles
Zoning LARD
Interior
Heating Wall Furnace
Building
New Construction No