Multifamily
144 S Ave 55
144 S Ave 55, Los Angeles, CA 90042
Listing Price: $5,200,000
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 144 South Avenue 55, a 16-unit apartment building located in the trendy Highland Park Neighborhood of East Los Angeles. The subject property has been well maintained, but is perfectly suited for a comprehensive renovation plan that would allow investors the ability to achieve a 50% increase in cash flow.
144 S Ave 55
Investment Highlights
- Excellent Unit Mix Offering One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
- 144 South Avenue 55 Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. Over 50%.
- Property has New Landscaping, Exterior Paint and Intercom System.
- Offers On-Site Gated Parking and Laundry Facilities for Tenants.
- Walkscore.com Rates 144 South Avenue 55 a Walker's Paradise; Daily Errands do not Require a Car.
Exclusively Listed By
Financing By
Listing Price: $5,200,000
Investment Highlights
- Excellent Unit Mix Offering One-Bedroom and Two-Bedroom Units - Well Suited for Today's Market.
- 144 South Avenue 55 Offers Investors Significant Upside in Rental Income Via Interior and Common Area Renovations - Current Loss-to-Lease Approx. Over 50%.
- Property has New Landscaping, Exterior Paint and Intercom System.
- Offers On-Site Gated Parking and Laundry Facilities for Tenants.
- Walkscore.com Rates 144 South Avenue 55 a Walker's Paradise; Daily Errands do not Require a Car.
Investment Overview
Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 144 South Avenue 55, a 16-unit apartment building located in the trendy Highland Park Neighborhood of East Los Angeles. The subject property has been well maintained, but is perfectly suited for a comprehensive renovation plan that would allow investors the ability to achieve a 50% increase in cash flow.
Exclusively Listed By
Financing By
