Skip To Content

    232 N Avenue 53

    Highland Park, CA 90042
    • $4,795,000
    • STATUS: Active
    • ON SITE: 522 days
    • ID#: SR20003757
    UPDATED: 146 min ago
    $4,795,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,175
      SQFT
    • $429
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1930
    County:

    School Ratings & Info

    Description

    Artisan Apartments is a substantially renovated 16-unit apartment complex located in a gentrified part of Highland Park, a lovely neighborhood in the San Rafael Hills of Los Angeles, California. Set on a 11,486 square foot lot, the 11,175-square-foot property built in 1930 is undergoing substantial renovations and features phenomenal rental upside. This ideal locale also allows easy freeway access to the 110 Arroyo Seco Parkway. The subject property currently offers 5 studios, 10 one-bedrooms and 1 two-bedroom, however after renovations are complete, there will be 12 one-bedroomsand 4 two-bedrooms. Note the owner pays for electricity for the unrenovated units.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-13T21:00:45.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/102092702
    Print Image

    232 N Avenue 53 Highland Park, CA 90042

    • Price: $4,795,000
    • Status: Active
    • Updated: 146 min ago
    • ID#: SR20003757
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    11,175
    SQFT
    $429
    $/SQFT
    1930
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    Artisan Apartments is a substantially renovated 16-unit apartment complex located in a gentrified part of Highland Park, a lovely neighborhood in the San Rafael Hills of Los Angeles, California. Set on a 11,486 square foot lot, the 11,175-square-foot property built in 1930 is undergoing substantial renovations and features phenomenal rental upside. This ideal locale also allows easy freeway access to the 110 Arroyo Seco Parkway. The subject property currently offers 5 studios, 10 one-bedrooms and 1 two-bedroom, however after renovations are complete, there will be 12 one-bedroomsand 4 two-bedrooms. Note the owner pays for electricity for the unrenovated units.
    Exterior Features

    Lot Features Front YardGardenLandscaped Number Of Separate Electric Meters 17 Open Parking Spaces 12 Parking Features Assigned Parking Total 12 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.32 Common Interest None Community Features FoothillsHikingUrban Electric Expense 6299 Fuel Expense 3373 Garage YN No Gross Income 284564 Gross Scheduled Income 288104 Insurance Expense 6447 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New LoanConventional Maintenance Expense 18574 Net Operating Income 159275 New Construction YN No New Taxes Expense 60000 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 1 Operating Expense 120186 Other Expense 1200 Pest Control Expense 876 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 2776 Vacancy Allowance 8643 Water Sewer Expense 14000 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Warren Berzack of Lee & Associates


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-06-13T21:00:45.297. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.
     
    Logo
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723