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$ 3,000,000
Est. payment | /mo
25 Beds
17 Baths
13,223 SqFt
$ 3,000,000
Est. payment | /mo
25 Beds
17 Baths
13,223 SqFt
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 13,223 sqft
Price per Sqft $226
MLS Listing ID 26665509
Bedrooms 25
HOA Y/N No
Year Built 1964
Lot Size 0.352 Acres
Property Description
We are proud to present an extremely rare 43-unit portfolio opportunity in Highland Park, one of LA's hottest and most sought-after sub-markets. 217 S Avenue 54, a 17-unit mid-century building, is 1 of 3 assets which is offered either individually or as part of the portfolio. Strategically located just one block from Figueroa Street and at the epicenter of Highland Park's most vibrant retail and dining corridor, the property was built in 1964 and features 13,223 square feet of building situated on 15,316 square feet of land, zoned RD2-1.The property boasts an excellent unit mix consisting of nine (2+1) units, seven (1+1) units, and one (0+1) unit. Offered for sale for the first time in 17 years, the asset presents a value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 88 ("Very Walkable"), residents can accomplish most errands on foot and enjoy immediate access to the Gold Line and neighborhood favorites, including Highland Park Bowl, Kitchen Mouse Cafe, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farms, Villas Tacos, and Jeni's Ice Cream. ASSET 2 OF 3: 5629 MONTE VISTA ST | 90042 (12 UNITS) See Listing Details ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) See Listing Details DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibility. **DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Laundry Laundry Room
Exterior
Parking Features Attached Carport
Total Parking Spaces 17
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5468013039
Special Listing Condition Standard
Listed by Eric Dilanian Remax Commercial and Investment Realty #01951699
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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