NOT LISTED FOR SALE

260 S Avenue 55 Los Angeles, CA 90042

17 Beds
15 Baths
11,348 Sq Ft
0.26 Acres

Last Sold August 27, 2015

Last sale price $2,365,000 $208 Per Sq Ft

9 Days on Market

Highlights

  • 11,124 Sq Ft lot
  • Laundry Facilities
  • East Facing Home

About This Home

As of August 2015

Rare NON RENT CONTROL multifamily asset in the highly sought after Highland Park community. The property consists of thirteen apartment units of 11,348 SF situated on a 11,021 SF lot. Built in 1990, this property provides the opportunity to acquire a non rent control building in the heart of rapidly gentrifying Highland Park. The unit mix is as follows: eleven 1 Bedroom + 1 Bath apartments and two 3 Bedroom + 2 Bath apartments, currently bringing in a combined income of $12,475 per month. Other property features include a laundry room, separate gas and electric meters, separate hot water heaters, and ample parking. Desirable rental location in the heart of gentrifying Highland Park. 2 Blocks from Figueroa Blvd near the Gold Line and lots of old and new establishments. Easily accessible to public transportation, major freeways and trendy shops and restaurants!

Last Agent to Sell the Property

Dana Coronado

Compass License #01746702 Listed on: 12/05/2014

Compass

Last Buyer's Agent

Dana Coronado

Compass License #01746702 Listed on: 12/05/2014

Compass

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1990

Lot Details

  • 0.26 Acre Lot
  • East Facing Home

Interior Spaces

  • 11,348 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 17 Bedrooms
  • 15 Bathrooms

Parking

  • 13 Parking Spaces
  • 13 Covered Spaces
  • Covered Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 13 Units
  • Laundry Facilities

Listing and Financial Details

  • The owner pays for gardener, water
  • Assessor Parcel Number 5468-013-011

Property Details

Home Type

Multi-Family

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 11348
  • Stories: 2
  • Year Built: 1990
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 17
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community
  • Total Bathrooms: 15.00
  • Den: 0
  • Price Per S Q F T: 191.93

Exterior Features

  • Direction Faces: East
  • Tennis Court Y/N: No
  • Construction: Frame and Stucco
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 13
  • Parking Garage: Covered Parking
  • Total Parking: 13

Utilities

  • Cooling: Window Unit(s)
  • Electric Expense: 1440.00
  • Heating: Wall Gas
  • Water Expense: 10200.00

Fee Information

  • Gas Expense: 360.00
  • Insurance Expense: 5674.00
  • Maintenance Expense: 7485.00
  • Management Expense: 6737.00
  • Trash Expense: 2340.00

Lot Info

  • Assessor Parcel Number: 5468-013-011
  • Geocode Override: No
  • Lot Size Area: 11124

Rental Info

  • Owner Pays: Gardener, Water

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115, 2116, 2117, 2118
  • Gross Rent Multiplier: 14.50
  • Number Of Units: 13
  • Rent Control: 0
  • Total Annual Expense: 63861
  • Type Of Units: No Rent Cont
  • Vacancy Rate: 0

Tax Info

  • Tax Expense: 27225.00

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2015 08/27/15 Sold $2,365,000 +8.6% $208 / Sq Ft
12/14/2014 12/14/14 Pending -- -- --
12/05/2014 12/05/14 For Sale $2,178,000 -- $192 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Dana Coronado

    Seller's Agent in 2015

    Dana Coronado

    Compass

    (310) 562-9630

    6 in this area

    38 Total Sales

    Dana Coronado
    Section Image
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Map

Source: The MLS

MLS Number: 14-813899

The MLS
California Los Angeles County Los Angeles 90042

260 S Avenue 55, Los Angeles, CA

This home is located at 260 S Avenue 55, Los Angeles, CA 90042 since 05 December 2014. This property was built in 1990. 260 S Avenue 55 is a home located in Los Angeles County with nearby schools including Bushnell Way Elementary School, Benjamin Franklin High School, and Luther Burbank Middle School.

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