232 N Avenue 53 Los Angeles, CA 90042

Listing agency Lee & Associates - LA North - Sherman Oaks w***@lee-re.com Show Phone

Listed by Warren Berzack · License #CA 01329015

Source Crexi

Added: Apr 10 Updated: Jul 22 at 7:34AM Checked: Jul 22 at 7:34AM

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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.

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

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FAQs

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