Properties

Los Angeles, CA 90042 217 S Avenue 54

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Presented By: Eric Dilanian with Remax Commercial and Investment Realty;
  • MLS# 26665509
  • 03/19/2026
  • Get pre-approved
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  • Beds • 25
  • Baths • 7
  • SQFT • 13,223

Home Details

We are proud to present an extremely rare 43-unit portfolio opportunity in Highland Park, one of LA's hottest and most sought-after sub-markets. 217 S Avenue 54, a 17-unit mid-century building, is 1 of 3 assets which is offered either individually or as part of the portfolio. Strategically located just one block from Figueroa Street and at the epicenter of Highland Park's most vibrant retail and dining corridor, the property was built in 1964 and features 13,223 square feet of building situated on 15,316 square feet of land, zoned RD2-1.The property boasts an excellent unit mix consisting of nine (2+1) units, seven (1+1) units, and one (0+1) unit. Offered for sale for the first time in 17 years, the asset presents a value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 88 ("Very Walkable"), residents can accomplish most errands on foot and enjoy immediate access to the Gold Line and neighborhood favorites, including Highland Park Bowl, Kitchen Mouse Cafe, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farms, Villas Tacos, and Jeni's Ice Cream. ASSET 2 OF 3: 5629 MONTE VISTA ST | 90042 (12 UNITS) See Listing Details ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) See Listing Details DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibility. **DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
Presented By: Eric Dilanian with Remax Commercial and Investment Realty;

Interior Features for 217 S Avenue 54

Bedrooms

Total Bedrooms25

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths17

Other Interior Features

LivingAreaSourceAssessor
Air Conditioning Y/NYes
Heating Y/NYes
Laundry FeaturesLaundry Room
Total Stories

General for 217 S Avenue 54

Attached Garage Yes
Cap Rate5.14
Carport Y/NYes
CityLos Angeles
CoolingWall/Window Unit(s)
CountyLos Angeles
Directions1 Block South of Figueroa.
Full Baths
Gross Income278724
HOANo
HeatingWall Furnace
LevelsTwo
Living Area13223
Lot Size Square Feet15316
Lot Size UnitsSquare Feet
MLS Area632 - Highland Park
Net Operating Income154176
New ConstructionNo
Number Of Units Total17
PostalCityLOS ANGELES
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1964
Year Built SourceAssessor
ZoningLARD2

Exterior for 217 S Avenue 54

Building Area Total13223
Lot Size Acres0.3516
Lot Size Area15316
Lot Size SourceOther
Number of Buildings1
Parking FeaturesAttached Carport
Total Parking17

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $3,000,000
MLS#26665509
List Date 03/19/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
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