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281 S Avenue 52, Los Angeles, CA 90042
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281 S Avenue 52 Los Angeles, CA 90042

$4,888,888
  • 43 Beds
  • 25 Baths
  • 19,828 Sq.Ft.
For Sale
$4,888,888 Get Pre-Qualified
Map preview of 281 S Avenue 52, Los Angeles, CA 90042

Property Overview: 281 S Avenue 52 Los Angeles, CA has 43 bedrooms, 25 bathrooms, 19,828 living square feet and 29,724 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Lacy Real Estate is delighted to present a charming 24-unit apartment building in the red-hot Los Angeles neighborhood of Highland Park. Built in 1961, this 19,828 improvement is situated on a large 29,751 SF lot. The unit mix is comprised of 5 (1 Bed/1 Bath) Units, 18 (2 Bed/1 Bath) Units, and 1 (2Bed/2 Bath) Units.

Listed by Seth Polen | BRE #01133279 | Seth Polen
Last checked: 8 minutes ago | Last updated: September 18th, 2024 | Source CRMLS | DOM: 8

Home details

Lot Sq. Ft
29,724
HOA Dues
$0/mo
Year built
1961
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24438803
City
Los Angeles
County
Los Angeles
Time on Site
6 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 24
  • Total # of Buildings: 4
Unit Breakdown 1
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,168
  • Total Rent: $8,250
  • Pro Forma/Market Rent: $1,650
Unit Breakdown 2
  • # of Units: 18
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,361
  • Total Rent: $33,300
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,564
  • Total Rent: $1,564
  • Pro Forma/Market Rent: $2,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.05%
  • Gross Rent Multiplier: 12.61
  • Gross Scheduled Income: --
  • Net Operating Income: $198,115
  • Gross Operating Income: $376,139
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 281 S Avenue 52

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Property Details for 281 S Avenue 52

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate, Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 26
  • Has Parking
  • Parking Features: Covered, Carport, Controlled Entrance, Parking Space, Street
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 24
  • Parcel Number: 5468013045
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Just off the corner of Ave 52 & Glen Ellen Pl; across from the southbound on-ramp for 110 Freeway south
View more facts & features

Local Los Angeles Agent

Sale History for 281 S Avenue 52

View property's historical transactions

  • September, 2024

  • Sep 10, 2024

    Date

    Active

    CRMLS: 24438803

    $4,888,888

    Price

Tax History for 281 S Avenue 52

Assessed Value (2020): $1,728,094
Year Land Value Improved Value Assessed Value
2020 $604,825 $1,123,269 $1,728,094

Home Value Compared to the Market

This property vs the competition

281 S Avenue 52 is listed 307.41% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768 and this home is listed at $246.56 per/sqft which puts the price per square foot 67.9% lower than the median price per square foot for the city of Los Angeles.

About 281 S Avenue 52

Detailed summary of property

281 S Avenue 52 is a multi family located in Los Angeles, CA 90042 and is currently for sale. This multi family property offers 43 bedrooms, 25 bathrooms, roughly 19,828 living square feet, and sits on an approximately 29,724 square foot lot. 281 S Avenue 52 was first listed on ArdentRealEstateGroup.com on September 12, 2024. The homeowner is currently asking $4,888,888. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $768. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 307.41% higher than the median priced home. Local competing homes currently for sale include 3421 Larissa Dr, 1542 N Hoover St and 722 Hartford Ave. While the average home in Los Angeles, CA is selling in 106 days, 281 S Avenue 52 has a days on market of 8 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 281 S Avenue 52 Los Angeles, CA 90042 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 281 S Avenue 52

Public county record property details
Beds
--
Baths
--
Year built
1961
Sq. Ft.
19,828
Lot Size
29,724
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5468-013-045

The source for these homes facts are from public records.

90042 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$995,000
Median List Price/Sq.Ft.
$800
Median Sold Price
$1,210,001
Median Sold Price/Sq.Ft.
$863
Total Inventory
112
Median Sale to List Price %
121.12%
Avg Days on Market
29
Loan Type
Conventional (20%), FHA (0%), VA (0%), Cash (16.67%), Other (16.67%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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