Skip To Content

    255 S Avenue 55

    Los Angeles, CA 90042
    • $3,575,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 21-759020
    $3,575,000
    • 19
      BEDS
    • 0.27
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,538
      SQFT
    • $474
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    We are proud to present 255 S Avenue 55, a 10 unit property in trendy Highland Park. Sellers have upgraded 7 of 10 units to include new flooring, fixtures, custom tile and in-unit washer/dryers. The property is well-parked with approximately 10 spaces for tenants. 255 S Avenue 55 is walking distance to popular shops, restaurants and bars on Figueroa St, including HomeState, Cafe Birdie, Gold Line and Highland Park Bowl and steps away from the Arroyo Seco Bike Path. Tenants enjoy ease of access from the 110 Freeway, the primary connector between Highland Park and major employment center Downtown LA.

    Monthly Payment Calculator



    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-26T23:42:28.45. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/119164693
    Print Image

    255 S Avenue 55 Los Angeles, CA 90042

    • Price: $3,575,000
    • Status: Active
    • MLS #: 21-759020
    19
    Beds
    0
    Baths
    0
    ½ Baths
    0.27
    Acres
    7,538
    SQFT
    $474
    $/SQFT
    1962
    Built
    Neighborhood:
    Highland Park
    County:
    Los Angeles
    Area:
    Highland Park
    Property Description
    We are proud to present 255 S Avenue 55, a 10 unit property in trendy Highland Park. Sellers have upgraded 7 of 10 units to include new flooring, fixtures, custom tile and in-unit washer/dryers. The property is well-parked with approximately 10 spaces for tenants. 255 S Avenue 55 is walking distance to popular shops, restaurants and bars on Figueroa St, including HomeState, Cafe Birdie, Gold Line and Highland Park Bowl and steps away from the Arroyo Seco Bike Path. Tenants enjoy ease of access from the 110 Freeway, the primary connector between Highland Park and major employment center Downtown LA.
    Exterior Features

    Lot Size Area 11900 Other Structures None Parking Garage Covered ParkingUncovered Total Parking 0

    Interior Features

    Baths Total 10.00 Cooling Air Conditioning Equipment Ceiling FanDryerDishwasherMicrowaveWasherRefrigeratorRange/Oven Flooring LaminateTile Heating Wall

    Property Features

    Gross Income 249204 Gross Operating Income 241728 Like Units1 1 Like Units2 9 Net Operating Income 162017.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 79711 Type Of Units Multifamily Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Zachary Freehling DRE#01879326 of Skylight Real Estate Advisors, Inc..


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-26T23:42:28.45. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
    https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-759020-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-759020-2.jpg https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-759020-2.jpg
    Logo
    The Jelmberg Team | Keller Williams
    39-575 Washington Street, Suite #105
    Palm Desert CA, 92211