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255 S Avenue 55
Los Angeles, CA 90042
7/10 Units VACANT - Prime Highland Park · Multifamily Property For Sale · 10 Units
PROPERTY FACTS
| No. Units | 10 | Building Size | 7,538 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Garden | Year Built/Renovated | 1962/2019 |
| Building Class | C | Parking Ratio | 1.33/1,000 SF |
| Lot Size | 0.27 AC |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 7,538 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1962/2019 |
| Parking Ratio | 1.33/1,000 SF |
Unit Amenities
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Oven
- Stainless Steel Appliances
- Views
- Yard
- Garden
- Lawn
Site Amenities
- Courtyard
- Picnic Area
- Gated
- Pet Play Area
About 255 S Avenue 55 , Los Angeles, CA 90042
255 S Avenue 55 is a 10 Unit Mid-Century Courtyard Apartment located in a PRIME location of Highland Park. Step out the door and walk one block to Figueroa Dining/Nightlife! Offered at 5.03% CAP Rate and 13.31 GRM. 7 out of 10 units are vacant, and 6 out of 10 Units are beautifully renovated with quartz countertops, stainless appliances, vinyl plank flooring, keypad keyless entry, laundry hookups, and wall mount HVAC systems. Recent upgrades include a new roof and copper plumbing throughout the building. The units average 750 sf and the unit mix consists of (9) 2 Bedroom 1 Bathroom units and (1) 1 Bedroom 1 Bathroom units. There is 20% upside in rents for the un-renovated units. This fully gated, secure property sits on a large 11,900 sf lot with a fire pit in the center of the common courtyard area. There are 10+ parking spaces, onsite laundry facilities, and the building is separately metered for gas + electricity. Once rented, this building will gross $247,848 annually!! **7th Vacancy as of 11/25/19!!** Call Andrew Wilkey at (949) 355-3384
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 9 | $1,766 | - |
| 1+1 | 1 | $2,000 | - |
PROPERTY TAXES
| Parcel Number | 5468-029-001 | Improvements Assessment | $803,171 |
| Land Assessment | $1,874,069 | Total Assessment | $2,677,240 |
PROPERTY TAXES
zoning
| Zoning Code | RD2 (Two-Family Residence) |
| RD2 (Two-Family Residence) |
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