217 S Avenue 54, Los Angeles, CA 90042
- $2,850,000
- 25
- BD
- 17
- BA
- 13,223
- SqFt
- Sold Price
- $2,850,000
- List Price
- $3,000,000
- Closing Date
- Jun 12, 2026
- Status
- CLOSED
- MLS#
- 26665509
- Year Built
- 1964
- Bedrooms
- 25
- Bathrooms
- 17
- Living Sq. Ft
- 13,223
- Lot Size
- 15,316
- Acres
- 0.35
- Days on Market
- 25
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
We are proud to present an extremely rare 43-Unit Portfolio opportunity in Highland Park one of LA's hottest and sought after sub-markets: 217 S Avenue 54, a 17 Unit Mid-Century Building, is 1 of 3 Assets which is offered either individually or as part of the portfolio. Strategically located just one block from Figueroa Street and at the epicenter of Highland Park's most vibrant retail and dining corridor, the property was built in 1964 and features 13,223 square feet of building situated on 15,316 square feet of land, zoned RD2-1.The property boasts an excellent unit mix consisting of nine (2+1) units, seven (1+1) units, and one (0+1) unit. Offered for sale for the first time in 17 years, the asset presents a value-add opportunity with a compelling basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 88 ("Very Walkable"), residents can accomplish most errands on foot and enjoy immediate access to the Gold Line and neighborhood favorites, including Highland Park Bowl, Kitchen Mouse Cafe, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farms, Villas Tacos, and Jeni's Ice Cream. ASSET 2 OF 3: 5629 MONTE VISTA ST | 90042 (12 UNITS) See Listing Details ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) See Listing Details DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibility. **DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
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Additional Information
- Heat
- Wall Furnace
- Cooling
- Yes
- Cooling Description
- Wall/Window Unit(s)
- Attached Structure
- Detached
- Number Of Units Total
- 17
- Levels
- Two
- Parking Spaces
- 17
Listing courtesy of Listing Agent: Eric Dilanian (ericdilanian@remaxcir.com) from Listing Office: Remax Commercial and Investment Realty.
Listing sold by Eric Dilanian from Remax Commercial and Investment Realty
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.