343 N Avenue 52 | Los Angeles, California | 90042

$5,630,000

ABOUT

Year Built: 1969
Type: Apartment
Units: 34
GRM: 15.39
Cap Rate: 3.49%
Bldg Size: 19,802 Sq Ft.
Lot Size: 17,949 Sq Ft.

ADDITIONAL INFORMATION

N Avenue 52 Apartments is centrally located in the up-and-coming Highland Park area of East Los Angeles. The property is two blocks north of Figueroa St and close to the METRO Gold Line (804) stop at Marmion & N Ave. 58
Property amenities include on-site laundry, controlled access, and plenty of parking for every unit
Value-add deal with tremendous upside in a great location

Over the past decade, the Eastside of Los Angeles has dramatically transformed and emerged as a destination community that rivals more established areas such as West Hollywood and Miracle Mile. Within each of these respective communities of the Eastside, lies a number of unique pedestrian-oriented “main street” arteries that feature a variety of renowned coffee shops, boutique retailers, art galleries, renowned music venues, and fine dining options. Recently, Figueroa Street (a thoroughfare that runs from York Blvd. through Highland Park) was named one of Los Angeles’ “coolest streets”. Other notable “village” destinations include Hillhurst Avenue in Los Feliz, Glendale Boulevard in Atwater Village, and Colorado Boulevard in Eagle Rock. Locations all easily traveled to from N Avenue 52 Apartments.

N Avenue 52 Apartments enjoys the enviable location at the cusp of two of Los Angeles’ trendiest enclaves- Highland Park and Eagle Rock. Both neighborhoods are diverse with a rich history and have experienced strong gentrification over the last five years while still retaining a small-town atmosphere. A wide variety of fashionable shops, hip dining options, and popular bars now line the major thoroughfares of N Figueroa Street, York Boulevard, and Colorado Boulevard.