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219 North Avenue 54
Los Angeles, CA 90042


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Property Remarks

We are pleased to present for sale an opportunity to purchase in one of LA's hottest rental markets - Highland Park! The building has been entirely renovated in 2016/2017 and is comprised of (1) large (2) Bedroom and (1) Bathroom unit and (5) Studios. There have been substantial upgrades to the units including new flooring, mini-split hvac units, kitchen cabinets, designer countertops, new appliances, bathroom vanities and tile, and much more!! The offering appeals to an investor and/or owner/user that can occupy the 2 Bedroom & 1 Bathroom unit + private rear patio. Each unit is separately metered for gas and electric. DO NOT DISTURB OCCUPANTS OR WALK ON PROPERTY - DRIVE BY ONLY! The property is located in the rapidly gentrifying location of Highland Park, which is home to a growing number of trendy restaurants, coffee houses and nightlife. The property is in close proximity to York Retail Corridor, the Gold Line,

Property Details

MLS#
17282062
Days on Market
36
Year Built
1911
Stories
2
Building/Living Area (sq ft)
2,976
Source of SqFt
Vendor Enhanced
Source of Lot Size
Public Records

Location

State
CA
County
Los Angeles
Area
Highland Park (632)

Presented By:

Listing provided courtesy of Eric Dilanian , Remax Commercial and Investment Realty


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Other

Additional Property Details

Number of Units
6
Parking Spaces
8
Number of Buildings
1
Gross Operating Income
$110,460
Total Expense
$27,603
ADA Compliance
No

AC/Cooling
Other
Heating
Other

Highland Park

Catching the wave of hipster living that spread from Los Feliz and Silver Lake, Highland Park offers hip, urban style with a touch of history that comes from being one of the older neighborhoods in Los Angeles.

Real Estate: Highland Park is fuller of older homes including both single-family and multi-family residences for sale. Craftsman and bungalow homes as well as Spanish-style homes are popular here. Apartments and townhouses are also for sale in the area and some newer developments with lofts and condos are being built.

Community Life:  Highland Park is hipster paradise with trendy restaurants, art galleries, and shops clustered along York Boulevard. A monthly Art Walk brings out local residents. York Park is a recently created urban park with a rattlesnake slide and outdoor xylophone.  The Old L.A. Certified Farmer’s Market is open on Tuesday afternoons.

Education: Highland Park is served by the Los Angeles Unified School District including Aldama Elementary, Buchanan Street Elementary, San Pascual Elementary, Luther Burbank Middle School, and Benjamin Franklin Senior High. Local private schools include Good Shepherd Christian and St. Ignatius of Loyola Elementary.

Transportation: Highland Park is easily reached by the 110 Freeway. The Metro Gold Line has a Highland Park station and there are several bus lines which run along Figueroa Street. 

Local Attractions:  Heritage Square Museum is a unique collection of Victorian homes that can be toured. Galco’s Soda Pop Stop is famed in the area as one of the oldest local businesses. The Highland Park Police Station on York Boulevard is the oldest surviving police station in Los Angeles. It is now operated as the Los Angeles Police Museum and has appeared in countless television shows and films.

Community Explorer

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