$1,850,000
501 Avenue 50, Los Angeles 90042
3
Beds
3
Baths
7,580
Square feet
11,966
Lot Size
11
# Of Units
Listing Agent
Jason Tuvia - Marcus & MillichapWe are pleased to present an eleven (11) unit apartment building located at 501 North Avenue 50 in Los Angeles, California. The subject property is situated in a prime Highland Park location, north of Figueroa Street and southeast of El Paso Drive. Built in 1922, this property contains a great unit mix of one (1) studio / one-bathroom unit, seven (7) one-bedroom / one-bathroom units, and three (3) two-bedroom / one-bathroom units. This gated, courtyard style property features character, Spanish accents that makes the building look and feel like a bungalow community. There is alley access at the rear of the property with secure access to ample on-site parking. There is potential to add multiple ADU unit(s) to the storage areas or to the parking lot. Tenants will love living just down the street from Figueroa, a trendy and historic thoroughfare considered as the core of Highland Park. Some of the notable amenities include Highland Park Bowl, Most Likely Highland Park, The Greyhound Bar, Civil Coffee, Lodge Room, and ETA Oyster Bar. Situated in a prime Highland Park location, this offering presents an excellent opportunity for any investor capitalize on strong rental upside at a low price point in one of the trendiest markets of Los Angeles.
Facts & Features
MLS® # | 24344269 |
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Price | $1,850,000 |
Bedrooms | 3 |
Bathrooms | 3.00 |
Square Footage | 7,580 |
Lot Size | 11,966 |
Year Built | 1922 |
Type | Residential Income |
Status | Active Under Contract |
# Of Units | 11 |
Community Information
Address | 501 Avenue 50 |
---|---|
Area | 632 - Highland Park |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90042 |
Amenities
Parking Spaces | 11 |
---|---|
Parking | Gated, Uncovered |
Garages | Gated, Uncovered |
View | City Lights |
Is Waterfront | No |
Has Pool | No |
Pool | None |
Interior
Heating | Wall Furnace |
---|---|
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | January 5th, 2024 |
---|---|
Days on Market | 118 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Jason Tuvia |
---|---|
Office | Marcus & Millichap |