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232 N Avenue 53
Los Angeles, CA 90042
Multifamily Property For Sale
·
16 Units
Investment Highlights
- Phenomenal Upside in Rents (Market GRM of 11.05, Market CAP of 6.09%)
- Substantially Renovated
- Prime Gentrifying Location
- Highly Desirable Highland Park Locale
Property Facts
| No. Units | 16 | Building Size | 11,175 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1930 |
| Building Class | C | Parking Ratio | 0.63/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | RD1.5 | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 11,175 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1930 |
| Parking Ratio | 0.63/1,000 SF |
| Zoning | RD1.5 |
Amenities
Unit Amenities
- Balcony
- Heating
- Kitchen
- Range
About 232 N AVENUE 53 , LOS ANGELES, CA 90042
Artisan Apartments is a substantially renovated 16-unit apartment complex located in a gentrified part of Highland Park, a lovely neighborhood in the San Rafael Hills of Los Angeles, California. Set on a 11,486 square foot lot, the 11,175-square-foot property built in 1930 is undergoing substantial renovations and features phenomenal rental upside. This ideal locale also allows easy freeway access to the 110 Arroyo Seco Parkway. The subject property currently offers 5 studios, 10 one-bedrooms and 1 two-bedroom, however after renovations are complete, there will be 12 one-bedrooms and 4 two-bedrooms. Note the owner pays for electricity for the unrenovated units.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 10 | - | - |
| 2+2 | 1 | - | - |
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,423,938 | |
| Land Assessment | $1,803,646 | Total Assessment | $3,227,584 |
Property Taxes
Parcel Numbers
Land Assessment
$1,803,646
Improvements Assessment
$1,423,938
Total Assessment
$3,227,584
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