400 N Avenue 54

    Highland Park, CA 90042
    • $2,880,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: AR19214419
    UPDATED: 76 min ago
    $2,880,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,820
      SQFT
    • $495
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1922
    County:

    School Ratings & Info

    Description

    THE ABBOTT, 400 North Avenue 54, Highland Park is a turn-key, beautifully upgraded and charming 6-unit apartment community located in the gentrified neighborhood of Highland Park, CA. The property is strategically located across the street from Monte Vista Elementary School and within minutes to Highland Park Metro Station, Figueroa Street and York Boulevard retail corridors. It is also within minutes to the well-known Occidental College in Eagle Rock. It has superb access to Downtown Los Angeles via FWY 110, and minutes to FWY 2, FWY 134 and FWY 210. The property offers an investor the rare opportunity to own an excellent real estate in a strong and gentrifying submarket nearby downtown Los Angeles. It consists of 2 buildings that are separated by a beautifully maintained center garden. The buildings, all of which have been completely renovated, offer a superb mix of 3-bedroom and 2-bedroom units.All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, open space layout, new high durability wood vinyl and tile flooring, new windows, new kitchens, which include new cabinets, quartz countertops, and new stainless steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. It retains its 1920s charm with wall paneling, high ceiling, and bay-view windows.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-23T16:38:14.263. 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/98781139

    400 N Avenue 54 Highland Park, CA 90042

    • Price: $2,880,000
    • Status: Active
    • Updated: 76 min ago
    • ID#: AR19214419
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    5,820
    SQFT
    $495
    $/SQFT
    1922
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    THE ABBOTT, 400 North Avenue 54, Highland Park is a turn-key, beautifully upgraded and charming 6-unit apartment community located in the gentrified neighborhood of Highland Park, CA. The property is strategically located across the street from Monte Vista Elementary School and within minutes to Highland Park Metro Station, Figueroa Street and York Boulevard retail corridors. It is also within minutes to the well-known Occidental College in Eagle Rock. It has superb access to Downtown Los Angeles via FWY 110, and minutes to FWY 2, FWY 134 and FWY 210. The property offers an investor the rare opportunity to own an excellent real estate in a strong and gentrifying submarket nearby downtown Los Angeles. It consists of 2 buildings that are separated by a beautifully maintained center garden. The buildings, all of which have been completely renovated, offer a superb mix of 3-bedroom and 2-bedroom units.All of the units have undergone a top-to-bottom renovation with full electrical and plumbing upgrades, open space layout, new high durability wood vinyl and tile flooring, new windows, new kitchens, which include new cabinets, quartz countertops, and new stainless steel appliances, and new bathrooms with new vanities, toilets, bathtubs, and name brand fixtures. It retains its 1920s charm with wall paneling, high ceiling, and bay-view windows.
    Exterior Features

    Garage Spaces 2.00 Lot Features 21-25 Units/AcreLot 10000-19999 Sqft Lot Size Source Assessor Lot Size Units Square Feet Parking Features Concrete Parking Total 4.00 Parking YN Yes Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring VinylWood Heating Wall Furnace Heating YN Yes Laundry Features Dryer IncludedGas & Electric Dryer HookupInsideWasher Included Levels Two

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 4.40 Community Features Urban Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gardener Expense 1200.00 Gross Income 189004.00 Gross Operating Income 183334.00 Gross Scheduled Income 189004.00 Insurance Expense 2328.00 Land Lease YN No Laundry YN Yes Net Operating Income 126747.00 New Construction YN No New Taxes Expense 34446.00 Number Of Separate Electric Meters 6 Number Of Separate Gas Meters 6 Number Of Separate Water Meters 1 Number Wall AC 6 Number With Dishwasher 6 Number With Disposal 6 Number With Range 6 Number With Refrigerator 6 Operating Expense 56587.00 Professional Management Expense 7333.00 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Total Expenses 56587.00 Trash Expense 1080.00 Utilities Cable ConnectedElectricity ConnectedNatural Gas ConnectedPhone ConnectedSewer AvailableWater Connected Vacancy Allowance Rate 3.00 Water Sewer Expense 5040.00 Water Source Public Year Built Source Assessor Zoning Lard2

    Listing provided courtesy of Handoko Chen of Gig Real Estate Inc. and Justin Mccardle of Gig Real Estate Inc.


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-23T16:38:14.263. 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.
     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723