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Los Angeles, CA 90042 131 N Avenue 51

$1,350,000

Pending
Presented By: David Stevenson with Stevenson Real Estate Services; 818-634-3281
  • MLS# GD23221487
  • 12/05/2023
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  • BedBeds • 17
  • BathBaths • 15
  • FootageSQFT • 7,095

Home Details

Excellent opportunity to purchase an apartment building in the heart of Highland Park just off of Figueroa Street; the property is eight (8) units with an excellent unit mix: (2) 3+3, (1) 3+2, (2) 2+2, (1) 2+1 and (2) 1+1; significant upside in rents; the units are separately metered for electricity and gas; central hot water heater; laundry machines are leased; eight (8) carport parking spaces
Presented By: David Stevenson with Stevenson Real Estate Services; 818-634-3281

Interior Features for 131 N Avenue 51

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2

Other Rooms

Entry Level1

General for 131 N Avenue 51

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Spaces8.0
Carport Y/NYes
CityLos Angeles
Community FeaturesCurbs
CountyLos Angeles
Days on Market76
DirectionsFrom El Paso Drive, turn right onto N Avenue 50, left onto Monte Vista, right onto N Ave 51
Entry LocationFront
Garage Spaces0.0
Garage Y/NNo
Gross Income77777.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense4909.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet9675.0
MLS Area632 - Highland Park
MobileHomeRemainsYNNo
Net Operating Income7301.0
New ConstructionNo
Operating Expense70476.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Street NameAvenue 51
Tax Lot5468
Total Units8
Trash Expense5913.0
View Y/NNo
Water Sewer Expense7425.0
Waterfront Y/NNo
Year Built1963
Year Built SourcePublicRecords

Exterior for 131 N Avenue 51

Building Area Total7095.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.2221
Lot Size Area9675.0
Lot Size SourcePublicRecords
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking8.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $1,350,000
MLS#GD23221487
List Date 12/05/2023
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors