Address
162 S Avenue 55 Los Angeles, CA
Price
$ 10,995,000
Property Attributes
- MLS#20660142
- TypeIncome
- CountyLOS ANGELES
- CityLos Angeles
- AreaHighland Park
- Zip90042
- Style
- Price$ 10,995,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage24864
- Lot Size0.56 Acres
Listing Provided Courtesy Of:
Janet Neman with Kidder Mathews of California, Inc..
Property Description
30-unit investment opportunity in prime Highland Park, one of the most desirable and rapidly developing submarkets of Los Angeles. 26 out of the 30 units have been extensively renovated and redesigned with new open-concept layouts and high-end finishes including new stainless-steel appliances, solid stone countertops, hardwood flooring throughout, new kitchen cabinets and backsplashes, beautiful bathrooms with new sinks and vanities, frosted glass front doors, spacious closets, new fixtures, matte black designer finishes, and new HVAC units. The electrical systems have been upgraded and rewired and 23 out of the 30 units are equipped with new, in-unit stackable washer and dryers. 4 units haven't been renovated, leaving room for an investor to capitalize on the remaining rental upside. The Property has secured entry and features beautiful exterior renovations and common area amenities including a lounge area, BBQ, and firepit. The seismic retrofit work has also been completed.
| Price History | |
|---|---|
| 11/16/2020 | Listed $10,995,000 |
General Features
| Appliances | Barbecue, Dishwasher, Disposal, Refrigerator |
|---|---|
| Directions | South of Figueroa Street, which is one block away. North of the 110 Freeway - Arroyo Secco Parkway. East of S Avenue 57 and West of S Avenue 52. |
| Heating | Wall Furnace |
| Levels | Two |
| Listagentaor | Beverly Hills/Greater LA |
| Listing Agent | Janet Neman - BRE#01069127 |
| Listing Agent State License | 01069127 |
| MLS Area | 632 - Highland Park |
| Parking Features | Assigned |
| Price Per Square Foot | 442.21 |
| Security Features | Gated Community |
| Source System | CRMLS |
| Special Listing Conditions | Standard |
| Total Units | 30 |
| Zoning | LARD1.5 |
Interior Features
| Appliances Y/N | Yes |
|---|---|
| Heating Y/N | Yes |
| Total Stories | 2 |
Exterior Features
| Building Area Total | 24864.00 |
|---|---|
| Lot Size Acres | 0.5600 |
| Lot Size Area | 24507.0000 |
| Lot Size Square Feet | 24507.00 |
| Lot Size Units | Square Feet |
| Number of Buildings | 1 |
| Parking Y/N | Yes |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Master On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Zip Code Average in 90042
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of January 15, 2021 1:56 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
