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 and $228/SF)
  • Current CAP: 4.53% | Market CAP: 7.27%
  • Strong unit mix with mostly 2-bedroom units; 26 parking spaces on property.
  • Large 0.68-acre lot with ADU potential (up to 6 attached + 2 detached)
  • Potential Financing Tri Counties Bank (Max LTV 70%) contact agent for details
  • Well-positioned in a high-demand rental market with minimal new supply

OVERVIEW

Lacy Real Estate is pleased to offer 281 S Avenue 52 — a 24-unit apartment opportunity in Highland Park, one of Northeast LA’s most supply-constrained rental submarkets. Built in 1961 and situated on a generous 29,751 SF lot, the property features 19,828 SF of improvements and an attractive unit mix: 5 one-bedroom units, 18 two-bedroom/one-bath units, and 1 two-bedroom/two-bath unit. The property has completed its soft-story retrofit and offers 26 on-site parking spaces. It benefits from excellent access to Downtown LA via the 110 Freeway and is within walking distance to the Metro Gold Line. Figueroa Street’s cafes, restaurants, and shops provide immediate lifestyle appeal to tenants and strong long-term rental demand.

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 Policy.