Dover Management Corporation is pleased to present The Raven, a rare opportunity to acquire a stabilized 12-unit multifamily property in the vibrant and highly sought-after Highland Park neighborhood of Los Angeles at 337 S Avenue 60. Built in 1960 and thoughtfully maintained, The Raven presents investors a compelling mix of reliable in-place income and value-add potential through continued unit upgrades and strategic management.
The Raven comprises 16,037 square feet across two stories with wood frame construction. It boasts well-maintained exteriors with excellent curb appeal, manicured landscaping, and a bright central courtyard with outdoor seating, a fire pit, and string lighting, creating a peaceful environment. The modern units’ interiors are defined by large windows, hardwood flooring, and new appliances, with contemporary fixtures and finishes. The unit mix includes eight one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units, catering to a broad renter base.
Situated just moments from the eclectic energy of York Boulevard and the cultural fabric that defines Highland Park, The Raven benefits from strong tenant demand, walkable amenities, and excellent transit access. The easily accessible location is near multiple bus stops on Figueroa Street and has immediate proximity to the 110 Freeway, facilitating simplified commutes from Greater Los Angeles. The property also enables access to the bustling Figueroa Street and York Boulevard retail corridors, home to top-rated local restaurants alongside dozens of household name retail brands, including CVS, Food 4 Less, AutoZone, Starbucks, McDonald’s, Subway, and more.
Dover Management Corporation is proud to bring this well-located and operated asset to the market. It is an ideal acquisition for investors seeking long-term growth, durable cash flow, and a presence in one of Northeast LA’s most resilient rental submarkets.