501 N Avenue 50, Los Angeles, Los Angeles County, CA, 90042 Los Angeles CA US

** PRICE REDUCED BY $300,000 ** We are pleased to present for sale an 11 Unit tremendous value-add multifamily investment opportunity blocks from famous Figueroa Street with Seller Carry Financing Available. Located in one of LA's Hottest Rental Locations Highland Park and offered for sale for the first time on the market in 20+ Years, 501 N Avenue 50 offers investors an opportunity to add substantial value with 159% upside potential. The property boasts a strong unit mix of (7) spacious 1 Bedroom & 1 Bath Units and (3) 2 Bedroom and 1 Bath Units, and (1) Studio Unit with select units having outdoor patio space. The property boasts a total square footage of 7,580 SF, situated on an expansive lot size of 11,962, and zoned RD1.5, with plenty of parking available for tenants. The property provides the opportunity to construct an ADU at the rear of the lot Buyer to Verify. Strategically located 2 blocks north of famous Figueroa Blvd, the property is nestled in the best retail pocket of NELA, with direct walking access to Figueroa retail corridor which provides countless eateries, trendy bars, retail, and coffee shops, and minutes away from The Gold Line. Considered "Very Walkable" with a (83) walk-score, where most errands can be accomplished on foot. This rare opportunity is poised for an astute investor looking to capture strong market returns on a supply constrained product in a booming area where prices and rents continue to appreciate Year-over-Year. Disclosure: Buyer to conduct any/all due diligence including but not limited to the building square footage, lot size, unit mix, year built, zoning, market rents, and the ability to construct an ADU. DO NOT DISTURBTENANTS OR WALK ON PROPERTY - DRIVE BY ONLY. Find out more about this property. Request details here