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304 N Avenue 50, Los Angeles, CA

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304 N Avenue 50

Los Angeles, CA 90042-3803 - Eagle Rock MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1922
Stories:2 Building Size:3,136 SF Land Area:.15 AC (6,521 SF)
For Sale Price:$1,199,000 Price/Unit:$299,750.00 Cap Rate:4.28 % GRM:-

Parking:1.27 Parking Spaces / 1,000 SF

Sale Notes:
Eric Dilanian & Enrique Viramontes of RE/MAX Commercial & Investment Realty, as the exclusive listing agents, are pleased to offer this charming 4 Unit multi family building in Highland Park! The property boasts Two (2) 1 Bedroom & 1 Bath Units with a Bonus Room & Two (2) 1 Bedroom & 1 Bath Units. The property was extensively renovated in 2014. Each unit is separately metered for Gas & Electric. While the investment has strong in-place returns, there is potential for even higher rental income! PLEASE DO NOT DISTURB OCCUPANTS OR WALK ON PROPERTY- DRIVE BY ONLY!

The property is located in the rapidly gentrifying location of Highland Park, which is home to a growing number of trendy restaurants, coffee houses and nightlife. The property is in close proximity to York Retail Corridor, the Gold Line, Downtown Los Angeles, South Pasadena and the San Gabriel Valley. This property is near several parks, Highland Park Recreation Center, the Historic Southwest Museum and the 110 freeway.

RE/MAX Commercial & Investment Realty
Eric Dilanian
(213) 233-4379

Enrique Viramontes
(213) 817-1000 x103

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