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200 S Avenue 59
Los Angeles, CA 90042 Highland Park

$5,900,000 USD

Apartments For Sale • 19,001 SF

Property Details

Property Type Apartments
Total Building Size 19,001 SF
Lot Size 0.79 AC
Building Class C
Year Built 1963
Zoning LARD2

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                Prime Highland Park Location: two blocks from Figueroa, half a mile to the Metro L Line, and 0.2 miles to the 110. Easy access to DTLA and Tri-Cities
                            
                                $456K of CapEx Since 2021: 16 renovated interiors, re-plastered pool, new deck, upgraded panels, split HVAC, and a completed sewage line replacement.
                            
                                Nearly 35% Rental Upside: 12 unrenovated units offer clear runway for rent growth, using a renovation strategy already proven across 16 units on-site.
                            
                                The oversized 34,216 SF lot offers additional upside through new ADU construction, driving a meaningful increase in annual gross income.
                            
                                Ground-floor units have the potential for private patios, a low-cost enhancement that commands a rent premium at turnover.
                            
                                On-site storage and garage structures can be repurposed into amenity space — gym, lounge, or co-working — without new construction.

Amenities

Air Conditioning
Laundry Facilities
Pool
Heating
Ceiling Fans
Tile Floors
Granite Countertops
Stainless Steel Appliances
Tub/Shower
Vinyl Flooring

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale Metrolink Station (Metrolink Antelope Valley Line - Metrolink Trains, Metrolink Ventura County Line - Metrolink Trains)	11 min	-	6.8 mi
Cal State La Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains)	13 min	-	9.5 mi
Transit/Subway	Drive	Walk	Distance
Highland Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	10 min	0.6 mi
Airport	Drive	Walk	Distance
Bob Hope	24 min	-	17.5 mi
Los Angeles International	32 min	-	20.5 mi
Long Beach (Daugherty Field)	38 min	-	25.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	35
Type:	Surface
Included in Rent:	Yes

Sean Rosenzweig 213-943-1897 Marcus & Millichap

200 S Avenue 59 Los Angeles, CA 90042 Highland Park