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144 S Avenue 55

Los Angeles, CA 90042

– beds
– baths
– sqft
15,910 sqft lot
1961 build
– on site

144 S. Avenue 55 is a well-maintained 16-unit courtyard-style property located 1 block south of Figueroa St, the commercial hub of Highland Park. Notable tenants of this lively hub include Highland Park Bowl, Go Get 'Em Tiger, Mendocino Farms, Highly Likely, Blind Barber and more. In addition, the property is approx. 2 miles from Occidental College, and could potentially be an off-campus student housing option. Built in 1961, this courtyard-style property features (3) 2-bdrm. units & (13) 1-bdrm. units. Please note, there is a VACANT 2-bdrm. unit. The property presents a substantial value-add opportunity with approx. 78% rental upside. At projected market rents, the property will stabilize at a 10.21% CAP and 7.66 GRM. 144 S. Avenue 55 can be purchased individually or in conjunction with a 10-unit property with approx. 66% rental upside, located 1 mile away (1223 N. Avenue 56). Please contact LA1 for more info.

Listed By CRMLS_CA / Kenny Stevens / Compass

Last checked: Checking… • Last updated Nov 11, 2024 •

MLS# 24406843 —

The Building

Year Built:

1961
New Construction:

No
Faces:

East
Building Area Total:

11048.00
# of Buildings:

1
Total Number Of Units:

16
Stories Total:

2

Interior

Levels:

Two
Laundry:

Community, Individual Room
Laundry:

1

Location

Directions:

Approx. 4 parcels south of Figueroa St, 144 S. Avenue 55 is within walking distance of the commercial hub of Highland Park.
Latitude:

34.10676300
Longitude:

-118.19572500

The Property

Property Type:

Residential Income
Zoning:

LARD1.5
Lot Size Area:

15910.0000
Lot Size Acres:

0.3652
Lot Size SqFt:

15910.00
View:

None
Security Features:

Gated Community
Additional Parcels:

No

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5468014024

Heating & Cooling

Cooling:

Yes
Cooling:

Wall/Window Unit(s)

Appliances

Included:

Yes

The Community

Senior Community:

No
Association:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Uncovered
Parking Spaces:

16.00
Uncovered Spaces:

16.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/11/24 Nov 11, 2024	Price Changed	CRMLS_CA	$3,712,000	-3.0%
8/8/24 Aug 8, 2024	Price Changed	CRMLS_CA	$3,825,000	-3.2%
6/21/24 Jun 21, 2024	Listed / Active	CRMLS_CA	$3,950,000

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This multifamily located in Northeast LA, Los Angeles, CA 90042 is currently for sale for $3,712,000. 144 S Avenue 55 is a – square foot multifamily with – beds and – baths that has been on Estately for 157 days. 144 S Avenue 55 is in the Northeast LA neighborhood of Los Angeles and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Luther Burbank Middle School Arts/Technology/Community Magnet, Benjamin Franklin High School, Monte Vista Street Elementary School, and Richard Riordan Primary Center.

Listing Courtesy of: CRMLS_CA and Compass. Based on information from California Regional Multiple Listing Service, Inc. as of 16:18 on Nov 25.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.