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501-505 N Avenue 50
Los Angeles, CA 90042
Multifamily Property For Sale
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11 Units
Investment Highlights
- Prime Highland Park Location
- Incredible Rental Upside Potential - Over 12% Pro Forma Cap Rate
- Potential to Add Multiple ADU Unit(s) to Storage or Parking Areas
- Low Price Per Unit - Priced Under $170k Per Unit
- Ideal Value-Add Opportunity
- Courtyard Style Property with Spanish Accents that Makes the Building Look & Feel Like a Bungalow Community
Property Facts
| No. Units | 11 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 7,580 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1922 |
| Zoning | LARD1.5 | ||
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 7,580 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1922 |
| Zoning | LARD1.5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | $1,282 | - |
| 1+1 | 7 | $1,550 | - |
| 2+1 | 3 | $1,911 | - |
Property Taxes
| Parcel Number | 5469-011-016 | Improvements Assessment | $816,000 |
| Land Assessment | $969,000 | Total Assessment | $1,785,000 |
Property Taxes
Parcel Number
5469-011-016
Land Assessment
$969,000
Improvements Assessment
$816,000
Total Assessment
$1,785,000
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