337 S Avenue 60 - Apartments FOR SALE


Los Angeles, CA 90042- Highland Park
$4,300,000 USD
424-424-2608
337 S Avenue 60, Los Angeles, CA for Sale
$4,300,000 USD
Apartments - FOR SALE
1/24
null | 4.94% Cap Rate

337 S Avenue 60
Los Angeles, CA 90042
Highland Park


HIGHLIGHTS

  • Value-Add Upside – Opportunity to increase rents through continued interior renovations and modernization, and stabilize at a 7.11% Cap Rate
  • Pride-of-Ownership Asset – Professionally managed and maintained, The Raven features clean curb appeal, covered parking and on site laundry
  • Desirable Highland Park Location – Prime Northeast LA neighborhood with walkable access to York Blvd

OVERVIEW

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. Built in 1960 and thoughtfully maintained, The Raven offers investors a compelling mix of reliable in place income and value-add potential through continued unit upgrades and strategic management. 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. Dover Management Corporation is proud to bring this well-located and professionally operated asset to market—an ideal acquisition for investors seeking long-term growth, durable cash flow, and presence in one of Northeast LA’s most resilient rental submarkets.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$268 USD /SF

# OF UNITS

12

PRICE/UNIT

$358,333

CAP RATE

4.94%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Raven

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.45 AC

LAND SF

19,749 SF

ZONING

RD2, Los Angeles

APN/PARCEL ID

5492-021-013

ASK ABOUT THIS PROPERTY

John AldenDover Management CorporationMore Info
424-424-2608

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

John AldenDover Management CorporationMore Info
424-424-2608

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