Kenny Stevens
This listing was posted on RealtyWW.
$2,475,000
N Avenue , Los Angeles, Home For Sale
Price:
$2,475,000
BR/BA:
10+ BR, 10+ BA
Location:
1223 N Avenue 56, Los Angeles, CA
Description:
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 and 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 and 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 -For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i73292733
Property Type:
Single-Family Houses
Sq feet:
603 sq. ft.
Amenities:
Gated, Parking
Posted:
June 23 on RealtyWW
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More About this Listing: N Avenue , Los Angeles, Home For Sale
N Avenue , Los Angeles, Home For Sale is a 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale at 1223 N Avenue 56 in Los Angeles CA. Find other listings like N Avenue , Los Angeles, Home For Sale and listings near 1223 N Avenue 56 by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale in Los Angeles CA.
N Avenue , Los Angeles, Home For Sale is a 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale at 1223 N Avenue 56 in Los Angeles CA. Find other listings like N Avenue , Los Angeles, Home For Sale and listings near 1223 N Avenue 56 by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA Single-Family Homes for Sale in Los Angeles CA.