16-Unit Apartment
147-149 S Avenue 56, Los Angeles, CA 90042
For Sale
Contact for pricing
A consistent one-bedroom layout is paired with gated parking, on-site laundry and a landscaped entry courtyard.
Property SizeContact for details
Days on Market24
Property Features for 147-149 S Avenue 56
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Amenities
on-site laundry
gated parking
landscaped entry courtyard
Building Details
Year Built
Stories
Listing Agency:
CBRE LA
Listed By:
Jenny Eng · License #CA 01931224
(818) 907-4606
Source:
Crexi
Added: Oct 17
Changed: Nov 8
Last Checked: Nov 8 at 3:07PM
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 CBRE LA
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Investment Insights
Based on property information with market context.
This 16-unit apartment property was built in 1989 and consists of two stories of one-bedroom, one-bath residences, each approximately 600 square feet. Gated parking is below the units, with shared laundry and a landscaped entry courtyard. The parcel is within a Historic Preservation Overlay Zone and outside the Rent Stabilization Ordinance. A manager occupies one apartment under a rent concession; laundry provides supplemental income.
The property is one block from North Figueroa Street and a quarter mile from the Metro A Line. Restaurants, bars and coffee shops along the Figueroa corridor are within a five-minute walk, while the building sits on a residential block set back from that corridor.
Capital work included deck-structure reconstruction in 2021 and roof replacement in 2022, along with walkway repairs, fascia work, stucco work and exterior painting.
The property is one block from North Figueroa Street and a quarter mile from the Metro A Line. Restaurants, bars and coffee shops along the Figueroa corridor are within a five-minute walk, while the building sits on a residential block set back from that corridor.
Capital work included deck-structure reconstruction in 2021 and roof replacement in 2022, along with walkway repairs, fascia work, stucco work and exterior painting.
Key Highlights
- 16 apartments, each with a one‑bedroom, one‑bath layout of approximately 600 square feet
- Built in 1989; outside the Rent Stabilization Ordinance and within a Historic Preservation Overlay Zone
- Gated parking, on‑site laundry and landscaped entry courtyard
Property Analytics
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
1,457
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
$940,600
Median Home Value
Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - A consistent one-bedroom layout is paired with gated parking, on-site laundry and a landscaped entry courtyard.
Where is this apartment building located?
The property is located at 147-149 S Avenue 56 Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 16 apartments, each with a one‑bedroom, one‑bath layout of approximately 600 square feet; Built in 1989; outside the Rent Stabilization Ordinance and within a Historic Preservation Overlay Zone; Gated parking, on‑site laundry and landscaped entry courtyard
