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376 N Avenue 57
Los Angeles, CA 90042 Highland Park

$8,088,000 USD

Apartments For Sale • 16,671 SF

Property Details

Property Type Apartments
Total Building Size 16,671 SF
Lot Size 0.46 AC
Building Class C
Year Built 1962
Cap Rate 5.00 %
Zoning LARD2

50 Transit Score

60 Walk Score

                
                    Highlights
                
                                Exceptional Day-One Yield: Estimated ±8.28% Cash-on-Cash return provides a secure foothold in a dynamic market
                            
                                Prime and Strategic Highland Park Location: Walking distance to Figueroa Street, York Blvd - retail/dining corridor and Highland Park Station 
                            
                                Significantly Below-Market Assumable Debt: 3.7% fixed interest rate locked in through June 2029
                            
                                Proven Value-Add Upside: 22 of 24 units are fully renovated; immediate upside remains in renovating the final two units and capturing remaining upside
                            
                                Reduced Expense Exposure: All units are individually metered for gas and electricity, and a RUBS program is already successfully implemented

Property Flyers

Flyer-376NAve57-Final

Financial Summary (Actual)

Net Operating Income: $404,630 USD (2025)

Cap Rate:	5.00 %
Total Expenses:	$219,788 USD

Amenities

Air Conditioning
Disposal
Fenced Lot
Pool
Washer/Dryer
Gated
Heating
Kitchen
Stainless Steel Appliances

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	10 min	-	4.8 mi
Cal State La Metrolink Station (Metrolink San Bernardino Line - Metrolink Trains)	14 min	-	9.7 mi
Transit/Subway	Drive	Walk	Distance
Highland Park Station (Gold Line - Los Angeles County Metropolitan Transportation Authority (Metro))	1 min	5 min	0.3 mi
Airport	Drive	Walk	Distance
Bob Hope	25 min	-	17.0 mi
Los Angeles International	33 min	-	20.7 mi
Long Beach (Daugherty Field)	39 min	-	26.0 mi

Parking Details

Parking Available:	Yes
Reserved:	Yes
Spaces Provided:	22
Type:	Reserved
Included in Rent:	Yes

Justin McCardle 310-606-0192 Growth Investment Group California

376 N Avenue 57 Los Angeles, CA 90042 Highland Park