$4,528,888
$360K PRICE DROP

281 S Avenue 52 Los Angeles, CA 90042

Estimated payment $28,658/month

Total Views 640,718
43 Beds
24 Baths
19,828 Sq Ft
$228 Price per Sq Ft

Highlights

  • 0.68 Acre Lot
  • Gated Home
  • South Facing Home
  • Controlled Entrance

About This Home

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.

Listing Agent

Seth Polen

Seth Polen License #01133279 Listed on: 09/10/2024

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1961

Lot Details

  • 0.68 Acre Lot
  • South Facing Home
  • Gated Home

Interior Spaces

  • 19,828 Sq Ft Home
  • 2-Story Property
  • Oven or Range

Bedrooms and Bathrooms

  • 43 Bedrooms
  • 24 Bathrooms

Parking

  • 26 Parking Spaces
  • Carport
  • Automatic Gate
  • On-Street Parking
  • Controlled Entrance

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Listing and Financial Details

  • Assessor Parcel Number 5468-013-045

Community Details

Overview

  • 4 Buildings
  • 24 Units
  • Ic Property Management Co Association

Building Details

  • Rent Control

Property Details

Home Type

Multi-Family

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 19828
  • Lot Acreage: 0.6826
  • Year Built: 1961
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 43
  • Total Bathrooms: 24.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 228.41

Exterior Features

  • Direction Faces: South
  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Carport, Controlled Entrance, Parking Space, On street
  • Total Parking: 26

Utilities

  • Water Heater: Gas
  • Cooling: Wall Unit(s)
  • Heating: Wall
  • Security: Automatic Gate, Gated
  • Water Heaters: Yes

Condo/Co-op/Association

  • Management Company: IC Property Management Co
  • Mgmt Co Phone: 6262938849|

Lot Info

  • Assessed Improvement Percent: 65.00
  • Assessed Improvement Value: 1180756
  • Assessed Land Percent: 35
  • Assessed Land Value: 635777
  • Total Assessed Value: 1816533
  • Assessor Parcel Number: 5468-013-045
  • Lot Size Area: 29724

Rental Info

  • Owner Pays: Water, Gardener
  • Rent Control: Yes

Multi Family

  • Unit Type: 2106, 2107, 2108
  • Gross Rent Multiplier: 11.37
  • Number Of Units: 24
  • Rent Control: 100
  • Total Annual Expense: 185787
  • Type Of Units: Apartments
  • Vacancy Allow Percent: 3.00
  • Vacancy Rate: 3%

Map

Range of Values:

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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
04/19/2025 04/19/25 Price Changed $4,528,888 -3.4% $228 / Sq Ft
02/08/2025 02/08/25 Price Changed $4,688,888 -2.1% $236 / Sq Ft
01/23/2025 01/23/25 Price Changed $4,788,888 -2.0% $242 / Sq Ft
09/10/2024 09/10/24 For Sale $4,888,888 -- $247 / Sq Ft
Source: The MLS

About the Listing Agent

Seth Polen
Seth Polen

Seth Polen

(833) 656-1824

Section Image

I’m a Los Angeles-based real estate broker with 30+ years of experience helping clients navigate complex deals, reposition commercial assets, sell single family property and build long-term value—across neighborhoods I know deeply and care about personally.

My work spans sales, leasing, property transformation, and community advocacy. I serve as President of the Historic Lincoln Heights Industrial BID, where I help lead efforts to keep the area clean, safe, and connected.

Before

View Seth's Profile

Seth's Other Listings

  • 306 W Valley Blvd, San Gabriel, CA 91776

    $3,100,000 Sold Sep 30, 2024

    • 6 Baths
    • 8,080 Sq Ft
    • 306 W Valley Blvd
    • San Gabriel, CA

    The subject property will be delivered vacant. Presenting a fantastic opportunity to own or invest in a freestanding well-maintained commercial property in the heart of San Gabriel. This two-story 8,080square foot commercial building is ideally situated on a 12,299 square foot lot, offering ample space for various business needs. With its prime location and close proximity to the 10 freeway,

    Seth Polen Seth Polen

  • 8380 Waring Ave Unit 102, Los Angeles, CA 90069

    $1,060,000 Sold Jun 03, 2025

    • 2 Beds
    • 2 Baths
    • 1,388 Sq Ft
    • 8380 Waring Ave
    • Unit 102
    • Los Angeles, CA

    Priced at just $778/SF below recent sales in the building (avg. $793/SF from 2022-2024) and also under the neighborhood condo average of $786/SF this 1,388 sq. ft. front-facing corner unit delivers exceptional value in a prime Melrose District location. Architect-designed by Kenneth Dillon (AIA), the residence features Fleetwood windows and sliders, solid " maple flooring, and custom wood

    Seth Polen Seth Polen

  • 1344 Londonderry Place, Los Angeles, CA 90069

    $2,450,000 Sold Nov 18, 2024

    • 4 Beds
    • 2.5 Baths
    • 2,374 Sq Ft
    • 1344 Londonderry Place
    • Los Angeles, CA

    Located just North of Sunset Boulevard and West of La Cienega in Sunset Plaza, 1344 Londonderry Place has been under the same ownership for over 70 years. The home holds a rich history, originally built in 1942 for Austrian cinematographer Franz Planer, who was nominated for several academy awards. This charming residence, featuring a single-story layout with a basement and a 2-car garage,

    Seth Polen Seth Polen

Source: The MLS

MLS Number: 24-438803

The MLS
California Los Angeles County Los Angeles 90042

281 S Avenue 52, Los Angeles, CA

This home is located at 281 S Avenue 52, Los Angeles, CA 90042 and is currently priced at $4,528,888, approximately $228 per square foot. This property was built in 1961. 281 S Avenue 52 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.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

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Seth Polen
Seth Polen
Listing Agent Section Image
Seth Polen
(833) 656-1824