281 South Ave 52

Los Angeles, CA 90042

$4,888,888
Price
43
Beds
24
Baths
19,828 Sq. Ft.
$247 / Sq. Ft.
19,828
Sq. Ft.
$247
per Sq. Ft.

Description

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.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.
  1. Listed by Seth Polen • DRE #01133279 • Brokerage DRE #01133279 • Seth Polen

Property Details for 281 South Ave 52

Water Front
None
Zoning
LARD2
Parcel Number
5468013045
Total Units
24.0
Living Area
19828
Source Living Area
Vendor Enhanced
Area
Highland Park (632)
Vacancy Rate
3%
LISTING UPDATED: 12/30/2024 06:22 PM

Property Details for 281 South Ave 52

StatusActive
MLS #24-438803
Days on Market114
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.68 AC / 29,724 SF
CountyLos Angeles County

Building Information for 281 South Ave 52

Stories-Residences-Year Built1961Building Size-Lot Size0.68 AC / 29,724 SF

Property Information for 281 South Ave 52

Community / Development
Community / Development
  • Number Of Units: 24
  • Senior Community: No
  • Management Company Name: IC Property Management Co
  • Management Company Phone: 6262938849|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 4
  • Type Of Units: Apartments
  • Security Features: Automatic Gate, Gated
  • Direction Faces: South
  • Water Heaters: Yes
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Financing: Cash, Cash To Existing Loan
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $376,139
  • Net Operating Income: $198,115.00
  • Gross Income: $382,801
  • Cap Rate: 4.05%
  • Gross Rent Multiplier: $12.61
  • Actual Annual Gross Rent: $382,801.00
  • Financial Info as Of: 09/11/2024
  • Vacancy Allow Percent: 3.00%
  • Owner Pays: Water, Gardener
  • Total Annual Expense: 178024
Land / Lot Info
Land / Lot Info
  • Alternate Street Name: 5209 Glen Ellen Place
  • Lot Acreage: 0.6826
  • Lot Size Square Feet: 29724
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Carport, Controlled Entrance, Parking Space, On street
  • Total Parking: 26
  • Parking Features: Covered, Carport, Controlled Entrance, Parking Space, Street
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-11-2024
  • Listing Terms: Cash, Cash To Existing Loan
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,168.00
  • Unit Actual Rent: $8,250.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 5
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,361.00
  • Unit Actual Rent: $33,300.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 18
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,564.00
  • Unit Actual Rent: $1,564.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,180,756.00
  • Assessed Improvement Percent: 65.0
  • Assessed Land Value: $635,777.00
  • Assessed Land Percent: 35
  • Assessed Total Value: $1,816,533.00

Property History for 281 South Ave 52

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 281 South Ave 52

Taxable ValueLand$648,492Additions$1,204,371Total$1,852,863
Tax Record2024$25,662 ($2,139 / month)
Home Facts
Total Finished SqFt19,828 SqFtAbove Grade Finished SqFt19,828 SqFtLot Size29,724 SqFtStyleMulti-Family Res (5+ Units)Year Built1961ZoningLARD2CountyLOS ANGELESAPN5468-013-045

Schools near 281 South Ave 52

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - K to 8
Charter - 9 to 12
Rating
School
Distance
Bushnell Way Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Arroyo Seco Museum Science
PublicK to 8

Los Angeles International School
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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281 South Ave 52 is a multi-family home for sale in Los Angeles, CA 90042. This property was listed for sale on September 10, 2024 by Seth Polen, it's currently listed at $4,888,888. This listing's school district is Los Angeles Unified School District. Nearby schools include Bushnell Way Elementary School, Benjamin Franklin Senior High School and Arroyo Seco Museum Science. 281 South Ave 52 is a 43-bed, 24-bath, 19,828 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Seth Polen, Seth Polen, DRE #01133279

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.