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376 N Avenue 57
Los Angeles, CA 90042

18 units will be delivered vacant! · Multifamily Property For Sale · 24 Units

PROPERTY FACTS

No. Units 24
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 0.46 AC
Building Size 16,671 SF
Average Occupancy 29%
No. Stories 2
Year Built/Renovated 1962/2020
Parking Ratio 1.32/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Disposal
  • Heating
  • Kitchen

SITE AMENITIES

  • Fenced Lot
  • Pool
  • Gated

ABOUT 376 N AVENUE 57 , LOS ANGELES, CA 90042

The Growth Investment Group is proud to offer 376 North Avenue 57, Highland Park. A rare value-add 24-unit apartment community located in the gentrified neighborhood of Highland Park, CA. The property is strategically located nearby Highland Park Metro Station and within minutes to Figueroa Street and York Boulevard retail corridors. It is also within minutes to the well-known Occidental College in Eagle Rock. It has superb access to Downtown Los Angeles via FWY 110, and minutes to FWY 2, FWY 134 and FWY 210. The property offers an investor the rare opportunity to own an excellent value-add real estate in a strong and gentrifying submarket nearby downtown Los Angeles. The property was built in 1962 and situated on a large 19,986 SF lot. It will be delivered ready for the next owner to complete their vision of the renovation with 18 of the units vacant, and ready for upgrades. The Assets desirable unit mix includes Two (2) 2bedroom+1bathroom, Twenty (20) 1bedroom+1bathroom, and Two (2) Large Studios. The soft story retrofit for parking area has been completed. The property is individually metered for electricity and gas. Other amenities include space for a laundry room or storage, and a swimming pool! The property is a fresh canvas for the new owner to come in and design the building immediately into it’s maximum potential while adding a personal touch. This is a perfect central location with a short walk to the Metro Gold Line or all that Figueroa has to offer. This number of units, in this location, with this many vacancies- don’t come along very often, and it will be a great generational asset to own. This is a true value add deal, for the experienced owner builder.

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
1+1 20 - -
2+1 2 - -
Studios 2 - -

PROPERTY TAXES

ZONING

Zoning Code LARD2 (HPOZ)
  • Listing ID: 18248439

  • Date on Market: 1/21/2020

  • Last Updated:

  • Address: 376 N Avenue 57, Los Angeles, CA 90042