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144 S Avenue 55

Los Angeles, CA 90042
  • $5,200,000
  • STATUS: Active
  • ON SITE: 118 Days
  • MLS #: 22-121119
UPDATED: 55 min ago
$5,200,000
  • 19
    BEDS
  • 0.37
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,048
    SQFT
  • $471
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1961
County:

School Ratings & Info

Description

Pleased to present the opportunity to acquire 144 South Avenue 55, a 16-unit apartment building located in the trendy Highland Park Neighborhood of East Los Angeles. The subject property has been well maintained, but is perfectly suite d for a comprehensive renovation plan that would allow investors the ability to achieve a 50% increase in cash flow.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T18:43:30.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/125016229
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144 S Avenue 55 Los Angeles, CA 90042

  • Price: $5,200,000
  • Status: Active
  • On Site: 118 Days
  • Updated: 55 min ago
  • MLS #: 22-121119
19
Beds
0
Baths
0
½ Baths
0.37
Acres
11,048
SQFT
$471
$/SQFT
1961
Built
Neighborhood:
Highland Park
County:
Los Angeles
Area:
Highland Park
Property Description
Pleased to present the opportunity to acquire 144 South Avenue 55, a 16-unit apartment building located in the trendy Highland Park Neighborhood of East Los Angeles. The subject property has been well maintained, but is perfectly suite d for a comprehensive renovation plan that would allow investors the ability to achieve a 50% increase in cash flow.
Exterior Features

Lot Size Area 15905 Other Structures None Parking Garage Other Total Parking 16

Interior Features

Baths Total 16.00 Cooling Other Equipment Alarm SystemGarbage DisposalDryerDishwasher Heating Other

Property Features

Assessed Total Value 3531959 Gross Income 255872 Gross Operating Income 271372 Like Units1 13 Like Units2 3 Net Operating Income 123322.00 Number Of Buildings 1 Number Of Units 16 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 135257 Type Of Units 1 & 2 Bdr Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Tony Azzi DRE#00910513 of Tony Azzi.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T18:43:30.103. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270