The Coronado Real Estate Group is pleased to present for sale our exclusive four unit listing in Northeast Los Angeles, 304 N Avenue 50.
The Highland Park Quadraplex on the corner of Monte Vista and Avenue 50 was built in 1922 and consists of more than 3,000 SF on a 6,500 SF lot, with parking! The unit mix includes (2) 1 Bedroom and office + 1 bath apartments and (2) 1 bedroom, 1 bath apartments that are 100% occupied. In 2014, this traditionally Spanish-style property was extensively renovated to include quartz counter tops, travertine flooring & showers, custom moldings, new paint, and a modern wooden fence. These upgrades, added to the original charm, are on trend with the wants of this evolving community and provide tenants a move-in-ready space to call home! Other features include private yards for each of the downstairs apartments and amazing views of the city hillsides and the LA skyline from the upstairs apartments.
Situated in a prime location, this property has the potential to bring value to the portfolio of any investor! The nearby York and Figueroa corridors were ground zero for gentrification in Highland Park, where empty storefronts have now been replaced with vegan donut shops, record stores and yoga studios. And nightlife has been filled with live music, NELA Art Gallery Nights and an exploding local bar scene. Plus, it’s around the corner from La Tropicana Market where you’ll find organic produce, craft beer and an Intelligentsia Coffee Bar! The Highland Park Quadraplex is also easily accessible by public transportation including the Metro Gold Line and major connecting freeway the 110!
* All information provided to be deemed reliable but not guaranteed. Buyer to complete any and all investigations independently and to their own satisfaction.