Renovated 16-Unit Apartment
For Sale
Contact for pricing
232 N Avenue 53, Los Angeles, CA 90042
Substantially renovated 16-unit apartment complex with planned unit mix of 1- and 2-bedroom residences.
Property Size11,175 SF
Lot Size0.26 Acres
Days on Market122
Property Features for 232 N Avenue 53
General Information
Standard status
Active
Size
11,175 SF
Lot size
0.26 Acres
Property subtype
Multifamily
Additional Details
Highway Access
Yes
Multifamily Units
16
Building Details
Year Built
1930
Listing Agency:
Lee & Associates - LA North - Sherman Oaks
(818) 986-9800
Listed By:
Warren Berzack · License #CA 01329015
Source:
Crexi
Added: Apr 10
Changed: Aug 8
Last Checked: Jul 22 at 7:34AM
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 Lee & Associates - LA North - Sherman Oaks
Investment Insights
Based on property information with market context.
Artisan Apartments is a substantially renovated 16-unit apartment complex built in 1930. The property is currently undergoing substantial renovations and is set on an 11,486 square foot lot with approximately 11,175 square feet of building area.
The current layout includes 6 studios, 9 one-bedrooms, and 1 two-bedroom, with the unit mix expected to shift after renovations are complete to 12 one-bedrooms and 4 two-bedrooms. The property is located in a gentrified part of Highland Park in the San Rafael Hills area of Los Angeles and offers easy freeway access via the 110 Arroyo Seco Parkway.
This offering provides a renovated multifamily asset with a defined post-renovation residential configuration of one- and two-bedroom apartments.
The current layout includes 6 studios, 9 one-bedrooms, and 1 two-bedroom, with the unit mix expected to shift after renovations are complete to 12 one-bedrooms and 4 two-bedrooms. The property is located in a gentrified part of Highland Park in the San Rafael Hills area of Los Angeles and offers easy freeway access via the 110 Arroyo Seco Parkway.
This offering provides a renovated multifamily asset with a defined post-renovation residential configuration of one- and two-bedroom apartments.
Key Highlights
- 16‑unit apartment complex on an 11,486 SF lot; 11,175 SF property originally built in 1930
- Current unit mix: 6 studios, 9 one‑bedrooms, and 1 two‑bedroom
- After renovations, unit mix will be 12 one‑bedrooms and 4 two‑bedrooms
Property Analytics
Current Use
Lease Details
16
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,207
Businesses Nearby
Explore this area
Business Placement
Demographics for 90042, CA
58,295
Population
22,630
Households
2.6
Avg Household Size
37
Median Age
40%
College-Educated
81%
High-School Grad
4.5 sq mi
ZIP Area
12,954
Density / Sq Mi
$94,401
Median Household Income
$49,804
Median Earnings
$1,853
Median Rent
$940,600
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 - Substantially renovated 16-unit apartment complex with planned unit mix of 1- and 2-bedroom residences.
Where is this apartment building located?
The property is located at 232 N Avenue 53 Los Angeles, CA.
What are key features of this property?
This property features: 16‑unit apartment complex on an 11,486 SF lot; 11,175 SF property originally built in 1930; Current unit mix: 6 studios, 9 one‑bedrooms, and 1 two‑bedroom; After renovations, unit mix will be 12 one‑bedrooms and 4 two‑bedrooms
