Property listed by Dover Management Corp., Douglas Steinriede 818-843-5200
$1,400,000
5323 Monte Vista is a four-unit investment opportunity located in Highland Park, Los Angeles. The property features two separate structures on a 7,003 square foot lot. Built in 1908, and extensively renovated over the last five years, the property is comprised of (2) one-bedroom, one-bath units and (2) two-bedroom, one-bath… Read More units. The asset is professionally managed, with most rents at or near market levels. Significant capital improvements have been completed, including upgraded electrical and plumbing systems and a new deck. The property also features a spacious front porch, upstairs balcony, gated front yard, extra-long driveway, and individually metered utilities. New ownership can capture remaining loss to lease and benefit from a stable, cash-flowing investment in one of LA's fastest-growing submarkets. Read Less
Listing Snapshot
Days Online
217
Last Updated
Beds
6
Square Ft.
3,133
Lot Size
0.16 Acres
Year Built
1908
MLS Number
25553781
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1908, Living area: 3133.0, 2 buildings, Levels: Two
Heating
WallFurnace
Income
Gross Income: $130,624, Net Operating Income: $90,832
Lot
0.1608 acres
Parking
6 total parking spaces, Driveway
Taxes
Parcel Number: 5469020018, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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