Multifamily
144 S Ave 55
144 S Ave 55, Los Angeles, CA 90042
Listing Price: $4,500,000
Cap Rate
2.89%
Number of Units
16
Price/Unit
$281,250
Price/Gross SF
$407.31
Gross SF
11,048
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 144 S Avenue 55, a 16-unit multifamily apartment building located in the Highland Park neighborhood of Los Angeles.
144 S Ave 55
Investment Highlights
- Excellent Unit Mix Composed of One & Two Bedroom Units - Well Suited for Today's Market!
- Property Offers On-Site, Gated Parking & Laundry Facilities for Tenants!
- Recent Upgrades - New Landscaping, Exterior Paint & Intercom System!
- Two Units Have Private Patios & Three Units Are Renovated!
- Approximately 50% in Rental Upside Via Interior & Common Area Renovation!
- Walking Distance to Highland Park Bowl, Highland Park Theaters & a Plethora of Dining, Shopping & Entertainment Venues on Figueroa Street & York Boulevard!
- Centrally Located Between Silver Lake, Downtown Los Angeles, Glendale & Pasadena!
Exclusively Listed By
Listing Price: $4,500,000
Cap Rate
2.89%
Number of Units
16
Price/Unit
$281,250
Price/Gross SF
$407.31
Gross SF
11,048
Investment Highlights
- Excellent Unit Mix Composed of One & Two Bedroom Units - Well Suited for Today's Market!
- Property Offers On-Site, Gated Parking & Laundry Facilities for Tenants!
- Recent Upgrades - New Landscaping, Exterior Paint & Intercom System!
- Two Units Have Private Patios & Three Units Are Renovated!
- Approximately 50% in Rental Upside Via Interior & Common Area Renovation!
- Walking Distance to Highland Park Bowl, Highland Park Theaters & a Plethora of Dining, Shopping & Entertainment Venues on Figueroa Street & York Boulevard!
- Centrally Located Between Silver Lake, Downtown Los Angeles, Glendale & Pasadena!
Investment Overview
Marcus and Millichap is pleased to present the opportunity to acquire 144 S Avenue 55, a 16-unit multifamily apartment building located in the Highland Park neighborhood of Los Angeles.
Exclusively Listed By
