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Six-Unit Apartment Building
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224 S Avenue 58, Los Angeles, CA 90042

Six-unit multifamily property built in 1961 with a mix of 2- and 3-bedroom units.

Property SizeContact for details
Days on Market121

Property Features for 224 S Avenue 58

General Information

Standard status Active
Property subtype Multifamily
Listing Agency: Marcus & Millichap - Encino
Listed By: Kian Maronde · License #01952189
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 23 at 2:17PM

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 Marcus & Millichap - Encino

Investment Insights

Based on property information with market context.

The property is a six-unit apartment building originally built in 1961. The unit mix includes five (5) two-bedroom / one-bathroom units and one (1) three-bedroom / two-bathroom unit. The building features two side-by-side houses with a fourplex in the middle. One unit will be delivered vacant.

The three-bedroom house was built in 1980 and connects to the five-unit apartment building through a fully parked carport and a garage.

Located south of Figueroa Street and east of South Avenue 57 in Highland Park, the property sits near walkable retail, restaurant, and entertainment options along Figueroa Street. The description also notes proximity to a Metro at-grade light rail station near North Avenue 57 at Marmion Way.

Key Highlights

  • Six‑unit apartment building at 224 South Avenue 58 in Los Angeles, originally built in 1961
  • Unit mix: five (5) 2BD/1BA units and one (1) 3BD/2BA unit
  • Property layout includes two side‑by‑side houses with a fourplex in the middle

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Electrical Service Travel Agency Building Supply Auto Parts Store Daycare Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,273
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Six-unit multifamily property built in 1961 with a mix of 2- and 3-bedroom units.
Where is this apartment building located?
The property is located at 224 S Avenue 58 Los Angeles, CA.
What are key features of this property?
This property features: Six‑unit apartment building at 224 South Avenue 58 in Los Angeles, originally built in 1961; Unit mix: five (5) 2BD/1BA units and one (1) 3BD/2BA unit; Property layout includes two side‑by‑side houses with a fourplex in the middle
(818) 212-2651 Call to check price and availability
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