281 S. Avenue 52 is a 24-unit apartment community located in Highland Park. Built in 1961 on a large 29,724 SF lot (.68 AC), the property features an excellent unit mix comprised of 18 two-bedroom units, 5 one-bedroom units and 1 two-bedroom/two-bath unit, along with 26 on-site parking spaces and a completed soft-story retrofit. The property is fully leased with in-place rents averaging approximately 24.5% below achievable market, providing substantial rental upside and a clear path to NOI growth as units turn over. Northeast LA investment sales have accelerated meaningfully, with six comparable assets closing in the past six weeks. Most recently, 217 S. Avenue 54, a 17-unit property located approximately two blocks away, sold for $167,647/unit at a 5.41% cap rate closely supporting the subject’s current $3,998,888 asking price of $166,620/unit. Residents benefit from convenient access to the 110 Freeway, Metro A Line and the Figueroa Street retail corridor. With a strong two-bedroom unit mix, large lot, ample parking and meaningful rental upside, the property offers a compelling value-add opportunity in Highland Park.