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10-Unit Courtyard Apartment Building
For Sale
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255 S Avenue 55, Los Angeles, CA 90042

Gated courtyard property with renovated interiors, on-site laundry, and separately metered gas and electricity.

Property SizeContact for details
Lot Size0.25 Acres
Days on Market145

Property Features for 255 S Avenue 55

General Information

Standard status Active
Lot size 0.25 Acres
Property subtype Multifamily
Occupancy 40%

Units

Unit Mix 9 x 2BR/1BA, 1 x 1BR/1BA
Multifamily Units 10

Additional Details

Utilities to Site Yes

Amenities

gated
fire pit
onsite laundry
keypad keyless entry

Building Details

Buildings 1
Listing Agency: Compass Brentwood North
Listed By: Andrew Wilkey · License #CA 01998185
Source: Crexi
Added: Apr 11 Changed: Aug 31 Last Checked: Aug 30 at 9:52AM

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 Compass Brentwood North

Investment Insights

Based on property information with market context.

This 10-unit mid-century apartment property occupies a 10,900-square-foot lot and is arranged around a shared courtyard with a central fire pit. The unit mix includes 9 two-bedroom, one-bathroom apartments and 1 one-bedroom, one-bathroom apartment, averaging 750 square feet. Six units are vacant and feature quartz countertops, stainless appliances, hardwood floors, keypad entry, laundry hookups, and HVAC.

Property improvements include a new roof and copper plumbing throughout the building. The site is fully gated, provides 10+ parking spaces, and includes on-site laundry facilities. Gas and electricity are separately metered. Located at 255 S Avenue 55 in Los Angeles, the property is one block from Figueroa dining and nightlife.

Key Highlights

  • 10‑unit apartment property on a 10,900 sf lot
  • Unit mix includes 9 two‑bedroom, one‑bathroom units and 1 one‑bedroom, one‑bathroom unit
  • Six vacant units renovated with quartz countertops, stainless appliances, hardwood floors, keypad entry, laundry hookups, and HVAC

Property Analytics

Current Use

255 S Avenue ... Apartment Building

Suggested Use

Top Pick Law Firm Building Supply Daycare Center (Bike/Boat/Book/etc) Store Travel Agency Dental Office

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

Lease Details

10
Residential units
40%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

1,232
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 - Gated courtyard property with renovated interiors, on-site laundry, and separately metered gas and electricity.
Where is this apartment building located?
The property is located at 255 S Avenue 55 Los Angeles, CA.
What are key features of this property?
This property features: 10‑unit apartment property on a 10,900 sf lot; Unit mix includes 9 two‑bedroom, one‑bathroom units and 1 one‑bedroom, one‑bathroom unit; Six vacant units renovated with quartz countertops, stainless appliances, hardwood floors, keypad entry, laundry hookups, and HVAC
(310) 230-5478 Call to check price and availability
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