CA > Los Angeles
Los Angeles, CA 90042,1223 N Avenue 56
Los Angeles, CA 90042,1223 N Avenue 56
Los Angeles, CA 90042,1223 N Avenue 56
Los Angeles, CA 90042,1223 N Avenue 56
Los Angeles, CA 90042,1223 N Avenue 56
Los Angeles, CA 90042,1223 N Avenue 56
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Mina (Jack) Meleka

Mina (Jack) Meleka

+1(562) 900-9701
$ 2,375,000
Est. payment | /mo

14 Beds

10 Baths

5,794 SqFt

Save
$ 2,375,000
Est. payment | /mo
Save

14 Beds

10 Baths

5,794 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,794 sqft

Price per Sqft $409

MLS Listing ID 24406869

Bedrooms 14

HOA Y/N No

Year Built 1950

Lot Size 0.289 Acres

Property Description

*** $100,000 PRICE REDUCTION & 20% VACANT [(1)2-bdrm. unit and (1) 1-bdrm. unit] *** 1223 N. Avenue 56 is a 10-unit value-add property, on a 12,603 SF lot, located 1 block north or York Blvd, the artistic hub of Highland Park. Notable tenants of this lively hub include Kumquat Coffee, Block Party, The York, Joy, Collage Coffee & more. In addition, the property is located 1.5 miles from Occidental College, and could serve as a great off-campus student housing option. 1223 N. Ave. 56 presents a substantial value-add opportunity with approx. 65% rental upside. At projected market rents, the property will stabilize at a 10.25% CAP and 7.72 GRM. Built in 1950 & 1953, this property features (4) 2-bdrm. units and (6) 1-bdrm. units spread across (3) 2-story buildings. The 12,603 SF lot features 2 APNs. Property amenities include automatic gated entry and approx. 15 parkings spaces (5 tandem and 5 single). 1223 N. Ave. 56 can be purchased individually or in conjunction with a 16-unit property, located 1 mile away (144 S. Avenue 55). Please contact LA1 for more information.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Cooling Wall/Window Unit(s)

Fireplace No

Laundry Common Area

Exterior

Garage Garage, Tandem, Uncovered

Community Features Gated

View Y/N No

View None

Parking Type Garage, Tandem, Uncovered

Total Parking Spaces 15

Building

Faces East

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5485008004

Security Features Gated Community

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Kenny Stevens • Compass
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(562) 900-9701

jack@themelekagroup.com

California, USA

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.

Go tour this home

1223 N Avenue 56