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376 N Avenue 57, Highland Park, CA 90042

$5,490,000
Multi Family MLS# AR17159793 ID: 46472342
$5,490,000 Get Rates

Highland Park Apartments - 376 N Ave 57 is a prominent 24-unit apartment community located in the gentrified neighborhood of Highland Park, CA. The property is strategically located within walking distance to Highland Park Metro Station. It is also within walking distance to elementary and high school and within minutes to the well-known Occidental College in Eagle Rock. It has superb access to Downtown Los Angeles via FWY 110, and minutes to FWY 2, FWY 134 and FWY 210.This property has been under the same ownership since 2000 and is the first time ever being offered for sale. The property is situated on a quiet, residential street surrounded by single family residential and apartment communities. There is several new residential development projects nearby that demonstrate the strength of local property market. The property is a very well maintained three-story garden style apartment community with a center courtyard and a fenced swimming pool. It was built in 1962 and is situated on a large 19,986 SF lot size. It offers an attractive unit mix of two (2) 2bed+1bath, twenty (20) x 1bed+1bath, and two (2) large Studio units, and has a total of 22 parking spaces. It is separately metered for electricity and gas. The property is under rent stabilization ordinance (rent control). The property offers ÿ±42% rental upside potential. Some of the units have been upgraded, giving buyer a head start and built-in rent comparable for their value-add plan.

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Location Information near 376 N Avenue 57
Offered by Justin McCardle at Growth Investment Group, Inc.

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Property Features for 376 N Avenue 57
Status
Market Status
Available
Last Updated
September 22, 2017
Description
Property Type
Multi Family
Year Built
1962

Community Info

  • Home Owner Asso.: Community Laundry Facility(s), Community Pool
  • Laundry Facilities
  • Pool

Exterior Features

  • Parking: Assigned Parking
  • Pool: In Ground Pool

Location

  • MLS Area: 632 - Highland Park

Data Provided by California Regional Multiple Listing Service

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More information about this $5,490,000 Multi Family at 376 N Avenue 57

This $5,490,000 Multi Family at 376 N Avenue 57 in Highland Park, CA is presented by Justin McCardle. This $5,490,000 Multi Family, located in the 90042 zip code, has the following property features: Pool, Pool, Laundry Facilities, MLS Area. This 376 N Avenue 57 Multi Family, located in Los Angeles County , is listed under MLS listing number AR17159793 and has a listing price of $5,490,000. You can find more HIGHLAND PARK homes for sale here.