Two-Building Multifamily Apartment
For Sale
Contact for pricing
Pending
160 N Ave 23, Los Angeles, CA 90031
Two buildings totaling six units offer one 2-bedroom unit and five 1-bedroom units on a large LAR2-zoned lot.
Property Size4,762 SF
Lot Size0.17 Acres
Days on Market116
Property Features for 160 N Ave 23
General Information
Standard status
Pending
Size
4,762 SF
Lot size
0.17 Acres
Property subtype
Multifamily
Zoning
Lard2
Additional Details
Multifamily Units
6
Listing Agency:
Major Properties
(714) 883-6875
Listed By:
Jesse McKenzie · License #CA 01939062
Source:
Crexi
Added: Apr 11
Changed: Jul 21
Last Checked: Aug 4 at 12:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Major Properties
Investment Insights
Based on property information with market context.
160 N Avenue 23 is a two-building, six-unit apartment complex offering one 2-bedroom/2-bath unit and five 1-bedroom/1-bath units. The property is comprised of two separate buildings and sits on a 7,500 square foot lot.
The site is located just east of Downtown Los Angeles, in the Emerging Residential Neighborhood of Lincoln Heights. It is zoned LAR2.
For buyers considering value-add strategies, the public remarks note that existing rents are approximately 50% below current market rates. The seller also highlights future development potential for the site.
The site is located just east of Downtown Los Angeles, in the Emerging Residential Neighborhood of Lincoln Heights. It is zoned LAR2.
For buyers considering value-add strategies, the public remarks note that existing rents are approximately 50% below current market rates. The seller also highlights future development potential for the site.
Key Highlights
- 2‑building, 6‑unit apartment complex with one 2‑bedroom/2‑bath unit and five 1‑bedroom/1‑bath units
- Two buildings total 4,762 SF on a 7,500 SF lot
- Existing rents are approximately 50% below current market rates
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
1,465
Businesses Nearby
Explore this area
Business Placement
Demographics for 90031, CA
37,333
Population
12,686
Households
2.9
Avg Household Size
37
Median Age
24%
College-Educated
66%
High-School Grad
3.5 sq mi
ZIP Area
10,667
Density / Sq Mi
$62,119
Median Household Income
$34,356
Median Earnings
$1,487
Median Rent
$758,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Two buildings totaling six units offer one 2-bedroom unit and five 1-bedroom units on a large LAR2-zoned lot.
Where is this apartment building located?
The property is located at 160 N Ave 23 Los Angeles, CA.
What are key features of this property?
This property features: 2‑building, 6‑unit apartment complex with one 2‑bedroom/2‑bath unit and five 1‑bedroom/1‑bath units; Two buildings total 4,762 SF on a 7,500 SF lot; Existing rents are approximately 50% below current market rates
