232 North. Avenue 53, Highland Park, CA 90042 - SR20003757 - iPro Real Estate
iPro Real Estate

iPro Real Estate

232 North. Avenue 53
Highland Park, CA 90042

Active, Multi-Family/Income Sale

Price Decrease
For Sale

$4,795,000 $417.46 per sqft

Free Professional CMA

Listing ID : SR20003757

  • Lot Size

    11,486 Sqft
  • Year

    1930

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-bedrooms and 4 two-bedrooms. Note the owner pays for electricity for the unrenovated units.

Details

Type: Multi-Family/Income Sale 
Subdivision: 632 - Highland Park 
County: Los Angeles 
Tax ID: 5468018008
Cap Rate: 3.32% 
Gross Rent Multiplier: 16.66 
Days on Market: 497 
Laundry: Laundry Area 
Number of Buildings: 1 
Number of Units: 16 
Parking Spaces: 12 
Property Type: Commercial Sale 
Water: District - Public 

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Interactive

34.108688 -118.199921 $4,795,000 SR20003757
232 North. Avenue 53, Highland Park, CA 90042
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Area Information 90042

Population:

62,134 Up .01% since 2010
Average Income:
$75,398
Average Age:
34Years
Gender:
49.17%Male
50.83%Female
Households:
19,77138.68% with children
Average Value:
$873,370
Occupancy:
43.94%Owned
56.06%Rented
5.81%Vacant
Education:
18.78%High School
6.92%Associate
18.24%Bachelor
8.84%Graduate
Average Residency:
20Years
Crime Rate:
Above Average
Annual Rainfall:
18.19Inches
Earthquake Risk:
Very High
Hail Risk:
Very Low
Hurricane Risk:
Very Low
Ozone Risk:
Average
Pollution Risk:
Average
Tornado Risk:
Below Average
Wind Risk:
Very Low

Nearby Schools Highland Park School Districts

School Name GS Rating Parent Rating Distance
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Distance
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Hillside Baptist Academy

private • K-12
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Aldama Elementary School

public • K-6
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Sycamore Grove School

private • K-8
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School Name GS Rating Parent Rating Distance

Academia Avance Charter

charter • 6-12
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Hillside Baptist Academy

private • K-12
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Sycamore Grove School

private • K-8
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The Academy of Our Lady

private • K-8
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School Name GS Rating Parent Rating Distance

Academia Avance Charter

charter • 6-12
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Hillside Baptist Academy

private • K-12
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Optimist Charter

charter • 7-12
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Optimist High School

private • 7-12
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History

Date Transaction Price Mortgage Amt & Lender
Date
Jan 01, 2021
Transaction
Active - Commercial Multi-Residential (5+ units)CNSR20003757
Price
$4,795,000
Mortgage Amt & Lender
- -

Mortgage Calculator

Listed by Warren Berzack with Lee & Associates

Based on information from the MLSListings MLS) as of 5/17/2021. 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 data relating to real estate for sale on this display comes in part from the Internet Data Exchange program of the MLSListingsTM MLS system. Real estate listings held by brokerage firms other than iPro Real Estate are marked with the Internet Data Exchange icon (a stylized house inside a circle) and detailed information about them includes the names of the listing brokers and listing agents. Based on information from the MLSListings MLS) as of 5/17/2021. 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. ©2021 MLSListings Inc. All rights reserved. Data updated approximately every 30 minutes