$3,000,000

217 S Avenue 54, Los Angeles, CA 90042

  • 13,223 sqft
  • Property Icon other
  • Property Year Built Icon Built in 1964
  • Property Lot Size Icon0.35acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $227/sqft
  • Property List Date Icon Listed 26 days ago

Property Description

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 List

Listing Status:
Active
Date Added:
March 19, 2026
Data Last Updated:
April 15, 2026 at 3:09AM
Listing Office:
Remax Commercial and Investment Realty : 213-817-1000
Listing Agent:
Eric Dilanian : 213-233-4379
MLS ID:
CL26665509
  • Laundry: Laundry Room
  • A/C: Wall/Window Unit(s)
  • Heating: Wall Furnace
  • Parking: Other
  • County: Los Angeles
  • Zoning: LARD25468013039

This listing courtesy of Eric Dilanian , Remax Commercial and Investment Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

M

Monte Vista Street Elementary

5423 Monte Vista St, Los Angeles, CA, 90042

Grades 2-6

0.40 miles away

A

Arroyo Seco Museum Science

4805 Sycamore Ter, Los Angeles, CA, 90042

Grades KG-8

0.55 miles away

B

Benjamin Franklin High School

820 N Avenue 54, Los Angeles, CA, 90042

Grades 9-12

0.76 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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