281 S Avenue 52 - Apartments FOR SALE


Los Angeles, CA 90042- Highland Park
$4,528,888 USD
213-595-5726
281 S Avenue 52, Los Angeles, CA for Sale
$4,528,888 USD
Apartments - FOR SALE
1/8
null | 4.54% Cap Rate

281 S Avenue 52
Los Angeles, CA 90042
Highland Park


HIGHLIGHTS

  • Offered at $4,528,888 ($188,704/Unit | $228/SF)
  • Rare 24-Unit Asset in Prime Highland Park – one of Los Angeles’ most dynamic rental markets with rising demographics and limited new supply
  • Strong Unit Mix – mostly 2-bedroom units across four buildings; excellent parking ratio (26 spaces + 24 storage lockers)
  • Large 0.68-Acre Lot – ADU upside with potential to add up to 6 attached + 2 detached units
  • Stabilized Income Today, Growth Tomorrow – Current CAP: 4.53% | Market CAP: 7.27%
  • Unbeatable Location – 95 Walk Score; near Metro Gold Line, Figueroa’s vibrant retail and dining, and minutes to Downtown LA

OVERVIEW

Seth Polen of Lacy Real Estate is proud to present a rare 24-Unit Opportunity in Highland Park — Offered at $4,528,888 ($188,704/Unit | $228/SF). Built in 1961, the property features a strong mix of mostly two-bedroom units on a large 29,751 SF lot with 26 parking spaces. Residents enjoy a 95 Walk Score, easy access to the Metro Gold Line & 110 Freeway, and proximity to Figueroa & York’s vibrant retail and dining scene. With below-market rents, ADU potential (up to 8 units), and CAP rate upside from 4.53% to 7.27%, this asset combines stable income with significant growth potential.

FOR SALE DETAILS

PRICE

$4,528,888 USD

PRICE/SF

$228 USD /SF

# OF UNITS

24

PRICE/UNIT

$188,704

CAP RATE

4.54%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

LARD2

APN/PARCEL ID

5468-013-045

ASK ABOUT THIS PROPERTY

Seth PolenLacy Real EstateMore Info
213-595-5726

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Seth PolenLacy Real EstateMore Info
213-595-5726

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.