Seth Polen of Lacy Real Estate presents a 24-unit apartment community in Highland Park, Los Angeles. Built in 1961 on a 29,724 SF lot, the property is fully leased at 0% vacancy with in-place rents averaging roughly 24.5% below achievable market — a clear, low-CapEx path to grow NOI as units turn over. Northeast LA investment sales have accelerated meaningfully: six comparable assets closed in the past six weeks alone, most recently 217 S Avenue 54 (17 units, two blocks away) at $167,647/unit and a 5.41% cap rate — confirming today's $4,088,888 ask ($170,370/unit) is well aligned with where informed capital is transacting. Residents benefit from 110 Freeway and Metro Gold Line access and the Figueroa Street retail corridor. Opportunities of this scale in Highland Park are moving quickly.