144 Avenue 55, Los Angeles

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Los Angeles Home For Sale

144 S. Avenue 55 is a well-maintained 16-unit courtyard-style property located 1 block south of Figueroa St, the commercial hub of Highland Park. Notable tenants of this lively hub include Highland Park Bowl, Go Get 'Em Tiger, Mendocino Farms, Highly Likely, Blind Barber and more. In addition, the property is approx. 2 miles from Occidental College, and could potentially be an off-campus student housing option. Built in 1961, this courtyard-style property features (3) 2-bdrm. units & (13) 1-bdrm. units. Please note, there is a VACANT 2-bdrm. unit. The property presents a substantial value-add opportunity with approx. 60% rental upside. At projected market rents, the property will stabilize at a 8.34% CAP and 9.01 GRM. 144 S. Avenue 55 can be purchased individually or in conjunction with a 10-unit property, located 1 mile away (1223 N. Avenue 56). Please contact LA1 for more info.

Property Details

144 Avenue 55Square Ft: 11,048Lot Size: 0.37Bedrooms: 3Bathrooms: 2Price: $3,950,000Zip: 90042
MLS® #: 24406843Levels: TwoSchool District: Days on Market: 18Listed By: Kenny Stevens, Compass

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Beach Cities Real Estate
  • Beach Cities Real Estate
  • Phone: (888) 990-7111
  • Cell: (888) 990-7111
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Additional Information

  • City:
    Los Angeles
  • County:
    Los Angeles
  • Zip:
    90042
  • MLS® #:
    24406843
  • Bedrooms:
    3
  • Bathrooms:
    2
  • Square Ft:
    11,048
  • Lot Size:
    0.37
  • Levels:
    Two
  • HOA Dues:
    $
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Based on information from California Regional Multiple Listing Service, Inc. as of July 9th, 2024 at 3:25pm PDT. 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.