281 S Avenue 52 Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90042
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 19,828 sqft
Price per Sqft $228
MLS Listing ID 24438803
Bedrooms 43
Year Built 1961
Lot Size 0.682 Acres
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
Area 632 - Highland Park
Zoning LARD2
Interior
Heating Wall Furnace
Exterior
Parking Features Controlled Entrance,Covered,Carport,One Space,On Street
Community Features Gated
Building
New Construction No
Schools
School District Los Angeles Unified
Others
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard