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Highland Cove 200 S Avenue 59 Immeuble residentiel 28 lots 5 082 142 € (181 505 €/Lot) Taux de capitalisation 5,66 % Los Angeles, CA 90042
Certaines informations ont été traduites automatiquement.
Informations principales sur l'investissement
- 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
- Nearly 35% Rental Upside: 12 unrenovated units offer clear runway for rent growth, using a renovation strategy already proven across 16 units on-site.
- Ground-floor units have the potential for private patios, a low-cost enhancement that commands a rent premium at turnover.
- $456K of CapEx Since 2021: 16 renovated interiors, re-plastered pool, new deck, upgraded panels, split HVAC, and a completed sewage line replacement.
- The oversized 34,216 SF lot offers additional upside through new ADU construction, driving a meaningful increase in annual gross income.
- On-site storage and garage structures can be repurposed into amenity space — gym, lounge, or co-working — without new construction.
Résumé analytique
The SR Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present Highland Cove, a 28-unit value-add apartment community at 200 S Avenue 59 in Highland Park.
Built in 1963, the two-story property sits on an oversized 34,216-square-foot lot. The unit mix comprises 22 one-bedrooms, five two-bedrooms, and one three-bedroom. On-site amenities include a central pool with a newly built communal deck, secured gated parking for 35 vehicles, and laundry facilities.
Since 2021, the current ownership has invested $456K in capital improvements — renovating 16 unit interiors with modern finishes while completing building-wide upgrades including pool re-plastering, a new pool deck, upgraded electrical panels, split-system HVAC units, and a full sewage line replacement. The remaining 12 unrenovated units account for the majority of the property's nearly 35% rental upside and offer a straightforward continuation of a renovation strategy that has already been validated on-site. The oversized lot also presents additional development potential through the construction of new ADUs, representing a meaningful increase in annual gross income.
Highland Cove is just two blocks south of Figueroa Street, Highland Park's main retail and dining strip, putting residents at the center of one of Northeast LA's most vibrant walkable neighborhoods — known for its independent restaurants, coffee shops, boutiques, galleries, and nightlife. The Metro L Line is half a mile away, and the 110 Freeway is 0.2 miles from the property, providing easy access to Downtown LA, Burbank, Glendale & Pasadena.
At a basis of $210,714 per unit, the property pairs completed capital improvements with meaningful remaining upside from both the unrenovated units and ADU development. Highland Park remains one of LA's fastest-appreciating submarkets.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
Built in 1963, the two-story property sits on an oversized 34,216-square-foot lot. The unit mix comprises 22 one-bedrooms, five two-bedrooms, and one three-bedroom. On-site amenities include a central pool with a newly built communal deck, secured gated parking for 35 vehicles, and laundry facilities.
Since 2021, the current ownership has invested $456K in capital improvements — renovating 16 unit interiors with modern finishes while completing building-wide upgrades including pool re-plastering, a new pool deck, upgraded electrical panels, split-system HVAC units, and a full sewage line replacement. The remaining 12 unrenovated units account for the majority of the property's nearly 35% rental upside and offer a straightforward continuation of a renovation strategy that has already been validated on-site. The oversized lot also presents additional development potential through the construction of new ADUs, representing a meaningful increase in annual gross income.
Highland Cove is just two blocks south of Figueroa Street, Highland Park's main retail and dining strip, putting residents at the center of one of Northeast LA's most vibrant walkable neighborhoods — known for its independent restaurants, coffee shops, boutiques, galleries, and nightlife. The Metro L Line is half a mile away, and the 110 Freeway is 0.2 miles from the property, providing easy access to Downtown LA, Burbank, Glendale & Pasadena.
At a basis of $210,714 per unit, the property pairs completed capital improvements with meaningful remaining upside from both the unrenovated units and ADU development. Highland Park remains one of LA's fastest-appreciating submarkets.
PLEASE DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT THE LISTING TEAM FOR DETAILS.
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Informations sur l’immeuble
| Prix | 5 082 142 € | Style d’appartement | De faible hauteur |
| Prix par lot | 181 505 € | Classe d’immeuble | C |
| Type de vente | Investissement | Surface du lot | 0,32 ha |
| Taux de capitalisation | 5,66 % | Surface de l’immeuble | 1 765 m² |
| Multiplicateur du loyer brut | 10.29 | Occupation moyenne | 100% |
| Nb de lots | 28 | Nb d’étages | 2 |
| Type de bien | Immeuble residentiel | Année de construction/rénovation | 1963/2025 |
| Sous-type de bien | Appartement | Ratio de stationnement | 0,17/1 000 m² |
| Zonage | LARD2 | ||
| Prix | 5 082 142 € |
| Prix par lot | 181 505 € |
| Type de vente | Investissement |
| Taux de capitalisation | 5,66 % |
| Multiplicateur du loyer brut | 10.29 |
| Nb de lots | 28 |
| Type de bien | Immeuble residentiel |
| Sous-type de bien | Appartement |
| Style d’appartement | De faible hauteur |
| Classe d’immeuble | C |
| Surface du lot | 0,32 ha |
| Surface de l’immeuble | 1 765 m² |
| Occupation moyenne | 100% |
| Nb d’étages | 2 |
| Année de construction/rénovation | 1963/2025 |
| Ratio de stationnement | 0,17/1 000 m² |
| Zonage | LARD2 |
Caractéristiques
Caractéristiques du lot
- Climatisation
- Chauffage
- Ventilateurs de plafond
- Sols carrelés
- Plans de travail en granit
- Électroménager en acier inoxydable
- Baignoire/Douche
- Sol en vinyle
Caractéristiques du site
- Laverie
- Piscine
Lot informations sur la combinaison
| Description | Nb de lots | Moy. loyer/mois | m² |
|---|---|---|---|
| 1+1 | 22 | - | 60 |
| 2+1 | 5 | - | 84 |
| 3+1 | 1 | - | - |
1 1
Moyennement praticable à pied
60/100
Exceptionnellement adapté aux voitures
90/100
Bons transports en commun
60/100
Moyennement praticable en vélo
60/100
Taxes foncières
| Numéro de parcelle | 5492-017-043 | Évaluation des aménagements | 2 242 064 € |
| Évaluation du terrain | 4 163 837 € | Évaluation totale | 6 405 901 € |
Taxes foncières
Numéro de parcelle
5492-017-043
Évaluation du terrain
4 163 837 €
Évaluation des aménagements
2 242 064 €
Évaluation totale
6 405 901 €
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Vidéos
Visite extérieure 3D Matterport
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Photos
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Highland Cove | 200 S Avenue 59
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