1060 N Avenue 50 | Los Angeles, CA 90042
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- LoopNet Team
1060 N Avenue 50
Los Angeles, CA 90042
*Price Reduced by $75K* Prime Highland Park · Multifamily Property For Sale · 8 Units
Investment Highlights
- Rare Opportunity to Acquire in One of LA’s Hottest Locations – Supply Constrained North Highland Park. Multi-Family Assets in this Pocket are Rare!
- 2 Fully Renovated Units Delivered VACANT – Allowing for a Variety of Uses: Long-term Rental – Occidental College Students;Short-term Corporate Housing
- Seller Has APPROVED plans to Convert Two Single Car Garage Spaces into Additional 1 Bed & 1 Bath ADU
- White Glove Renovation to 5/7 Units – Allowing an Investor to Immediately Capitalize on Returns – Perfect Exchange with Significant Value to be Added
- The Property is Nestled in a Quiet, Residentially Zoned Area of Highland Park, allowing for Above Market Rents
- Walking Distance to Famous York Blvd & Within Minutes to Figueroa Retail Corridor
PROPERTY FACTS
| No. Units | 8 | Building Size | 2,628 SF |
| Property Type | Multifamily | Average Occupancy | 86% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low Rise | Year Built | 1947 |
| Building Class | C | Parking Ratio | 2.66/1,000 SF |
| Lot Size | 0.13 AC |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,628 SF |
| Average Occupancy | 86% |
| No. Stories | 2 |
| Year Built | 1947 |
| Parking Ratio | 2.66/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 7 | - | - |
| 1+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | 5477-016-001 | Improvements Assessment | $482,009 |
| Land Assessment | $1,164,857 | Total Assessment | $1,646,866 |
PROPERTY TAXES
Parcel Number
5477-016-001
Land Assessment
$1,164,857
Improvements Assessment
$482,009
Total Assessment
$1,646,866
zoning
| Zoning Code | LAR1 |
| LAR1 |
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