Back

1 of 20

2 of 20

3 of 20

4 of 20

5 of 20

6 of 20

7 of 20

8 of 20

9 of 20

10 of 20

11 of 20

12 of 20

13 of 20

14 of 20

15 of 20

16 of 20

17 of 20

18 of 20

19 of 20

20 of 20

311 S Avenue 59
Los Angeles, CA 90042 Highland Park

$1,095,000 USD

Apartments For Sale • 3,260 SF

Property Details

Property Type Apartments
Total Building Size 3,260 SF
Lot Size 0.15 AC
Building Class C
Year Built 1948
Cap Rate 5.05 %
Zoning LARD1.5

60 Transit Score

82 Walk Score

                
                    Highlights
                
                                1 Unit Vacant and Available to Show!
                            
                                Great Investment Property in Highland Park near Figueroa's hottest shops, cafes, bars, & restaurants. 
                            
                                Unit Mix: Four Large 2Br+1Ba Apartments That Average Appx 800 SF Each
                            
                                Purchase With Residential Owner-User or Investor Financing - Call For Loan Programs, Interest Rates & Options!
                            
                                Adjacent 4 Unit at 5920 Benner (Exact Same Size and Layout) Just Sold for $1,420,000! 
                            
                                4 Open Parking Spots & Potential To Utilize Open Space As Parking Via Curb Cut on Benner

Financial Summary (Actual)

Net Operating Income: $55,403 USD (2024)

Cap Rate:	5.05 %
Total Expenses:	$23,161 USD

Amenities

Gated
Heating
Ceiling Fans
Kitchen
Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	6.7 mi
Cal State La Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains)	13 min	-	9.5 mi
Transit/Subway	Drive	Walk	Distance
Highland Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	10 min	0.5 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	17.4 mi
Los Angeles International	32 min	-	20.4 mi
Long Beach (Daugherty Field)	38 min	-	25.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes

Dana Coronado 310-562-9630 Compass Commercial

311 S Avenue 59 Los Angeles, CA 90042 Highland Park