No Photos
Image 1 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 2 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 3 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 4 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 5 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 6 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 7 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 8 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
Image 9 - 1223 N Avenue 56, Los Angeles, California, 90042 - House for sale
N Avenue , Los Angeles, Home For Sale
1223 N Avenue 56, Los Angeles, California, 90042

N Avenue , Los Angeles, Home For Sale

house for sale
Listed: 06/25/24

1223 N Avenue 56, Los Angeles, California, 90042

10 Bed:
10 Bath:
5,794 Sq Ft Living Area:
Save
Price
$ 2,48M

About This House

1223 N.Avenue 56 is a 10-unit value-add property, on a12, 603 SFlot, located 1 block north or York Blvd, the artistic hub of Highland Park. Notable tenants of this lively hub include Kumquat Coffee, Block Party, The York, Joy, Collage Coffee and more. In addition, the property is located 1.5 miles from Occidental College, and could serve as a great off-campus student housing option. 1223 N.Ave. 56 presents a substantial value-add opportunity with approx. 63% rental upside. At projected market rents, the property will stabilize at a 8.07% CAP and9.35 GRM.Built in 1950 and 1953, this property features (10) 1-bdrm. units spread across (3) 2-story buildings. The12, 603 SFlot features 2 APNs. Property amenities include automatic gated entry and approx. …  Full description

Protect Yourself From Rental Scams

While we strive to provide accurate and timely information, it's essential to remain vigilant and do your due diligence when considering rental properties. Make sure to follow expert tips to reduce the risk of fraud when renting a new apartment.

Similar Houses for Sale Nearby

$2,75M

10
10
6,864 Sq Ft

$2,75M

Available: Right Now

Listed: 27/06/2024

4516 Griffin Ave, Los Angeles, California, 90031

House
10
10
6,864 Sq Ft

House for sale in/on/near 4516 Griffin Ave, Los Angeles, California, 90031. The price for this house is $2,750,000. This 6864-square-feet 10 bedroom house features 10 bathroom. Contact the agent to schedule an open house....

$2,95M

10
10
7,099 Sq Ft

$2,95M

Available: Right Now

Listed: 27/06/2024

311 E Maple St, Glendale, California, 91205

House
10
10
7,099 Sq Ft

Excellent opportunity to purchase an eight (8) unit apartment building with a significant upside in rental income. 311 E.Maple Street is an 8-unit multifamily property in the desirable southeast area of Glendale, CA. This property provides a tremendo...

$2M

10
7
3,982 Sq Ft

$2M

Available: Right Now

Listed: 27/06/2024

3020 Baldwin St, Los Angeles, California, 90031

House
10
7
3,982 Sq Ft

Renovated triplex in Lincoln Heights boasts3, 982sqft on a generous9, 036sqft lot. The front building, a two-story structure from 1897, exudes charm and is meticulously maintained. Offering 4 bright and spacious bedrooms with 2 bathrooms, including 2...

$2,5M

10
6
4,180 Sq Ft

$2,5M

Available: Right Now

Listed: 29/06/2024

2616-2618 Glendale Blvd, Los Angeles, California, 90039

House
10
6
4,180 Sq Ft

Great opportunity to own a large newly renovated residential income property. This property is in Silver Lake located close to many shops and restaurants including Whole Foods and Starbucks. Totaling 6 separate units, 10 bedrooms, 6 bathrooms and 418...

$2,7M

10
6
4,839 Sq Ft

$2,7M

Available: Right Now

Listed: 27/06/2024

547 South St, Glendale, California, 91202

House
10
6
4,839 Sq Ft

Outstanding owner-user opportunity! The property consists of a 2 bedroom/2 bathroom owner's unit and four (4) 2 bd/1 ba units. The owner's unit has been extensively remodeled with high-end finishes: Santos mahogany solid hardwood floors, plantation s...

$2,2M

10
8
5,041 Sq Ft

$2,2M

Available: Right Now

Listed: 27/06/2024

259 N Burlington Ave, Los Angeles, California, 90026

House
10
8
5,041 Sq Ft

62% Vacant! 5.71% CAP Rate - 5 out of 8 units are vacant and fully upgraded. 259 NBurlington Ave, an 8-unit Semi-Value-Add and High Vacancy (62% vacant) Opportunity in the Heart of the Historic Filipino Town. The property is three blocks from Echo Pa...

Highland Park Housing & Living

Average sale prices for houses

1 bed
2 bed
3 bed
4+ bed
Show as List Show as Graph
In June 2024, the asking price for 1 bed houses for sale in/near Highland Park, Los Angeles, United States averaged $932,981, a decrease of 41.3% from the previous month.
Median price trends for properties for sale in Highland Park, Los Angeles, United States as of June 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.