Four-Unit Apartment
201 N Avenue 53, Highland Park, CA 90042
For Sale
$1,149,900
Each residence has a one-bedroom, one-bathroom layout, with copper plumbing updated in 2024.
Property Size4,344 SF
Days on Market18
Property Features for 201 N Avenue 53
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Public Transit
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Real Estate Butterflies
Listed By:
Frida Herrador · License #01196620
Source:
Milsteinestates
Added: Oct 23
Changed: Nov 6
Last Checked: Nov 8 at 2:05PM
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 Real Estate Butterflies
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit apartment property was built in 1923. Each unit contains one bedroom and one bathroom, and the copper plumbing was updated in 2024. One unit has inside laundry. The property will transfer with tenants in place, except unit 201, which will be delivered vacant; the owner currently occupies a unit.
The property is in Highland Park, with access to a Metro station, the 110 Freeway, schools, museums, arts, parks, and community events.
The property is in Highland Park, with access to a Metro station, the 110 Freeway, schools, museums, arts, parks, and community events.
Key Highlights
- Four units, each with one bedroom and one bathroom
- Copper plumbing updated in 2024
- Built in 1923
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$75,862
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,240
$1.5M
Cap Rate 7%
$1,083,743
$1.1M
Cap Rate 9%
$842,911
$842.9K
Market Conditions
NOI Build-Up for 4,344 SF
Gross rent
$117.3K $27.00/SF
− Vacancy
−$8.9K −$2.05/SF
EGI
$108.4K $24.95/SF
− OpEx
−$32.5K −$7.48/SF
NOI
$75.9K $17.46/SF
Area
Los Angeles County, CA
Vacancy
7.60%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,517,240
Cap Rate 7%
$1,083,743
Cap Rate 9%
$842,911
Alternative Uses
Best Use
Multifamily LT 5
$1.08M
$948.3K – $1.26M
NOI $75,862 @ 7.0% cap · market cap 6.60%
Second Best
Apartment 5plus
$998.5K
$873.7K – $1.16M
NOI $69,898 @ 7.0% cap · market cap 6.08%
Theoretical Best
Office A
$2.33M
$2.04M – $2.71M
NOI $162,803 @ 7.0% cap · market cap 14.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,853
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 Quadplexes in Los Angeles County, CA
Properties on Market for Quadplexes in Los Angeles County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence has a one-bedroom, one-bathroom layout, with copper plumbing updated in 2024.
Where is this quadplex located?
The property is located at 201 N Avenue 53 Highland Park, CA.
What is the asking price?
The asking price for this property is $1,149,900.
What are key features of this property?
This property features: Four units, each with one bedroom and one bathroom; Copper plumbing updated in 2024; Built in 1923
