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1223 N Avenue 56
Los Angeles, CA 90042 Eagle Rock

$2,320,000 USD

Apartments For Sale  •  5,794 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,794 SF
  • Lot Size 0.29 AC
  • Building Class C
  • Year Built 1950
  • Zoning LARD1.5
39 Transit Score
87 Walk Score

Highlights

20% VACANT - 10-unit property on a 12,603 SF lot, located 1 block north or York Blvd, the artistic hub of Highland Park
10.19% CAP & 7.54 GRM on market rents - 5.29% CAP & 12.14 GRM on current rents w/ approx. 57% rental upside
Built in 1950 & 1953 and features (4) 2-bdrm. units and (6) 1-bdrm. units spread across (3) 2-story buildings on a 12,603 SF lot
Located 1.5 miles from Occidental College, the property serves as a great off- campus student housing option
Property amenities include automatic gated entry and approx. 9 surface tandem parking spaces.
Can be purchased individually or in conjunction with a 16-unit property, located 1 mile away (144 S. Avenue 55). Please reach out for more info.

Property Flyers

Amenities

  • Laundry Facilities
  • Gated

Public Transportation

Commuter RailDriveWalkDistance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 4.7 mi
13 min - 6.1 mi
Transit/SubwayDriveWalkDistance
Highland Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 4 min 19 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 26 min - 15.4 mi
Los Angeles International 36 min - 24.4 mi
Long Beach (Daugherty Field) 41 min - 27.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 9
Type: SurfaceTandem
Included in Rent: Yes
Kenny Stevens 310-968-7005 Compass
Kenny Stevens 310-968-7005 Compass