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Stacey Alysson Melman

281 S Avenue 52
Los Angeles, CA, 90042
$3,998,888
43 Beds
24 Baths
19,828 SqFt
0.68 Acres
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MLS #26660709 image #0
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. Currently there are two Vacant Units 1BR/1BA and 2BR/1BA.
AGENT: Seth Polen
LISTING BROKERAGE: Seth Polen
281 S Avenue 52
Los Angeles, CA

Property Details

Price:
$3,998,888
MLS #:
26660709
Status:
Active
Beds:
43
Baths:
24
Type:
Single Family
Neighborhood:
632highlandpark
Listed Date:
Mar 5, 2026
Finished Sq Ft:
19,828
Total Sq Ft:
19,828
Lot Size:
29,724 sqft / 0.68 acres (approx)
Year Built:
1961
Community Gated632 – Highland Park632highlandparkLos Angeles Unified
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Schools

School District:
Los Angeles Unified

Interior

Appliances
Refrigerator
Heating
Wall Furnace
Levels
Two

Exterior

Direction Faces
South
Open Parking YN
1
Parking Features
Covered, Carport, Controlled Entrance, Parking Space, On Street
Parking Spots
26
Parking Total
26
Security Features
Gated Community, Automatic Gate

Financial

Gross Operating Income
$413,283
Net Operating Income
$214,568

Map

Community

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