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    232 N Avenue 53

    Highland Park, CA 90042
    • $4,800,000
    • STATUS: Active
    • ON SITE: 148 days
    • ID#: SR20003757
    UPDATED: 140 min ago
    $4,800,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,175
      SQFT
    • $430
      $/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.

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    Based on information from CRISNet MLS as of 2020-06-05T09:55:59.77. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-06-05T09:55:59.77. 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.randyplaice.com/homes/102121142

    232 N Avenue 53 Highland Park, CA 90042

    • Price: $4,800,000
    • Status: Active
    • Updated: 140 min ago
    • ID#: SR20003757
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    11,175
    SQFT
    $430
    $/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

    Levels Two Lot Features Front YardGardenLandscaped Lot Size Area 11486.0000 Parking Features Assigned Parking Total 12.00 Parking YN Yes Uncovered Spaces 12.00

    Interior Features

    Common Walls 2+ Common Walls Laundry Features Common Area Laundry YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0.00 Association YN No Community Features FoothillsHikingUrban Electric Expense 6299.00 Fuel Expense 3373.00 Gardener Expense 2160.00 Gross Income 284564.00 Gross Multiplier 16.80 Gross Scheduled Income 284564.00 Insurance Expense 6447.00 Land Lease YN No Maintenance Expense 18574.00 Net Operating Income 155841.00 New Construction YN No New Taxes Expense 60000.00 Number Of Separate Electric Meters 17 Number Of Separate Gas Meters 17 Number Of Separate Water Meters 1 Operating Expense 120186.00 Pest Control Expense 876.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN Yes Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 120186.00 Trash Expense 2776.00 Water Sewer Expense 14000.00 Water Source Public Zoning Lard1.5

    Listing provided courtesy of Warren Berzack, CA DRE# 01329015, of Lee & Associates.


    Based on information from CRISNet MLS as of 2020-06-05T09:55:59.77. 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.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-06-05T09:55:59.77. 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.
     
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    Randy Plaice and Associates | RE/MAX
    27720 Dickason Drive
    Valencia CA, 91355