S Avenue , Los Angeles, Home For Sale

house for sale

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Listed: 06/25/24

144 S Avenue 55, Los Angeles, California, 90042

19 Bed:

16 Bath:

11,048 Sq Ft Living Area:

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Price

$ 3,95M

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About This House

144 S. Avenue 55 is a well-maintained 16-unit courtyard-style property located 1 block south of Figueroa St, the commercial hub of Highland Park. Notable tenants of this lively hub include Highland Park Bowl, Go Get 'Em Tiger, Mendocino Farms, Highly Likely, Blind Barber and more. In addition, the property is approx. 2 miles from Occidental College, and could potentially be an off-campus student housing option. Built in 1961, this courtyard-style property features (3) 2-bdrm. units and (13) 1-bdrm. units. Please note, there is aVACANT 2-bdrm. unit. The property presents a substantial value-add opportunity with approx. 60% rental upside. At projected market rents, the property will stabilize at a 8.34% CAP and9.01 GRM. 144 S.Avenue 55 can be purchased individually or in conjunction with a 10-unit property, located 1 mile away (1223 N.Avenue 56). Please contact LA1 for more info.

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Houses for sale in Los Angeles

Original listing

Highland Park Housing & Living

Average sale prices for houses

2 bed

3 bed

Show as List Show as Graph

Month	Median Price
Aug 2024	$828,746 (0%)
Jul 2024	$828,746 (+0.7%)
Jun 2024	$822,957 (-9.6%)
May 2024	$910,118 (+8.3%)
Apr 2024	$840,250 (0%)
Mar 2024	$840,250 (0%)

In August 2024, the asking price for 2 bed houses for sale in/near Highland Park, Los Angeles, United States averaged $828,746, staying on the same level compared to the previous month.

Median price trends for properties for sale in Highland Park, Los Angeles, United States as of August 2024.

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.