17 Units in Highland Park | 1 Block S of Fig 217 S Avenue 54 17 Unit Apartment Building $4,112,370 CAD ($241,904 CAD/Unit) 5.14% Cap Rate Los Angeles, CA 90042

Eric Dilanian with The Dilanian Real Estate Advisors, as part of RE/MAX Commercial & Investment Realty, is proud to present an extremely rare 43-Unit Portfolio opportunity in Highland Park – one of LA’s hottest and sought after sub-markets:
217 S Avenue 54, a 17 Unit Mid-Century Building, is 1 of 3 Assets which is offered either individually or as part of the portfolio. Strategically located just one block from Figueroa Street and at the epicenter of Highland Park’s most vibrant retail and dining corridor, the property was built in 1964 and features ±13,223 Square Foot building situated on ±15,316 Square Feet of land, zoned RD2-1. The property boasts an excellent unit mix consisting of nine (2+1) units, seven (1+1) units, and one (0+1) unit.
Offered for sale for the first time in ± 17 years, the asset presents a value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 88 (“Very Walkable”), residents can accomplish most errands on foot and enjoy immediate access to the Gold Line and neighborhood favorites including Highland Park Bowl, Kitchen Mouse Café, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farm, Villas Tacos, and Jeni’s Ice Cream.
ASSET 2 OF 3: 5629 MONTE VISTA ST | 90042 (12 UNITS) – See Listing Details
ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) – See Listing Details
**DISCLOSURE:** Buyers are advised to conduct independent thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly.
**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **