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1223 N Avenue 56
USD 2,475,000
Property ID: 24406869
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1223 N Avenue 56 ,90042
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icon 12603 SqFt
icon Built in 1950
icon USD 196/SqFt
icon 10 Beds
icon 10 Full
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Location Street View
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Interior Details
Bedrooms
10
Bathrooms
10
Interior Size
5794
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1950
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Detailed Introduction Of This Home
1223 N. Avenue 56 is a 10-unit value-add property, on a 12,603 SF lot, located 1 block north or York Blvd, the artistic hub of Highland Park. Notable tenants of this lively hub include Kumquat Coffee, Block Party, The York, Joy, Collage Coffee & more. In addition, the property is located 1.5 miles from Occidental College, and could serve as a great off-campus student housing option. 1223 N. Ave. 56 presents a substantial value-add opportunity with approx. 63% rental upside. At projected market rents, the property will stabilize at a 8.07% CAP and 9.35 GRM. Built in 1950 & 1953, this property features (10) 1-bdrm. units spread across (3) 2-story buildings. The 12,603 SF lot features 2 APNs. Property amenities include automatic gated entry and approx. 9 surface tandem parking spaces. 1223 N. Ave. 56 can be purchased individually or in conjunction with a 16-unit property, located 1 mile away (144 S. Avenue 55). Please contact Kenny Stevens for more info - Kenny@KennyStevensTeam.com
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (10)
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1223 N Avenue 56
USD 2,475,000 10 Beds
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