Properties

Los Angeles, CA 90042 281 S Avenue 52

281 S Avenue 52 Los Angeles, CA - Image 1281 S Avenue 52 Los Angeles, CA - Image 2281 S Avenue 52 Los Angeles, CA - Image 3
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Presented By: Seth Polen with Seth Polen;
  • MLS# 26660709
  • 03/05/2026
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  • Beds • 43
  • Baths • 5
  • SQFT • 19,828

Home Details

This offering presents an excellent opportunity to acquire a 24-unit apartment community located in the highly desirable Highland Park neighborhood of Los Angeles. Built in 1961, the property consists of approximately 19,828 square feet of improvements situated on a 29,724 square foot lot. The unit mix includes 5 one-bedroom / one-bath units, 18 two-bedroom / one-bath units, and 1 two-bedroom / two-bath unit, offering a strong configuration that supports long-term tenant demand.Residents benefit from the property's proximity to Downtown Los Angeles via the 110 Freeway and convenient access to the Metro Gold Line, connecting Highland Park to South Pasadena, Pasadena, and DTLA. The property is also located near the vibrant Figueroa Street retail corridor, providing tenants with easy access to Highland Park's popular restaurants, cafes, shops, and neighborhood amenities. Opportunities to acquire assets of this scale in Highland Park remain limited, as the neighborhood is largely built-out and new multifamily development remains constrained.
Presented By: Seth Polen with Seth Polen;

Interior Features for 281 S Avenue 52

Bedrooms

Total Bedrooms43

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths24

Other Interior Features

Heating Y/NYes
Total Stories

General for 281 S Avenue 52

AppliancesRefrigerator
Buyer FinancingCash
Cap Rate5.04
Carport Y/NYes
CityLos Angeles
Community FeaturesGated
CountyLos Angeles
DirectionsJust South of Figueroa Street, corner of S Ave 52 & Glen Ellen Place;
Facing DirectionSouth
Full Baths
Gross Income421608
HOANo
HeatingWall Furnace
High School DistrictLos Angeles Unified
LevelsTwo
Listing TermsCash
Living Area19828
Lot Size Square Feet29724
Lot Size UnitsSquare Feet
MLS Area632 - Highland Park
Net Operating Income212075
New ConstructionNo
Number Of Units Total24
Occupancy TypeTenant
PostalCityLOS ANGELES
Property TypeResidential Income
Rent Control Y/NYes
Security FeaturesSecurity Gate, Gated Community
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1961
ZoningLARD2

Exterior for 281 S Avenue 52

Building Area Total19828
Lot Size Acres0.6824
Lot Size Area29724
Lot Size SourceAssessor
Number of Buildings4
Parking FeaturesControlled Entrance, Covered, Carport, One Space, On Street
Total Parking26

Additional Details

Price History

Schools

Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $4,208,888
MLS#26660709
List Date 03/05/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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Request Info
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