Property listed by Remax Commercial and Investment Realty, Eric Dilanian 213-817-1000
$1,115,000
** $145,000 Price Reduction ** Do Not Walk on the Property - Drive by Only. We are pleased to present for sale this rare Single Story multifamily property comprised of a 1948 & 1955 built 3-unit building (allowing for residential financing) in prime Highland Park. The offering includes one 991… Read More Square Foot, 2 Bed & 1 Bath standalone unit (built in 1955), and a duplex built in 1948. The property is being sold alongside 2 Units next door for $635,000! Two Separate APN's! Located at 6011 Pine Crest Drive and 6018 Monterey Rd, this property sits in one of Los Angeles' most sought-after neighborhoods. It represents a unique opportunity for an owner-user to live in a tri-plex while generating income from the adjacent duplex, or for an investor to reposition as a TIC, develop multiple ADUs, or explore future Small Lot Subdivision on the expansive combined 15,149 SF lot. The property features an all 2-bedroom, 1-bath unit mix, totaling approximately 4,227 SF, W/D in each unit, and six garage parking spaces on Monterey. The beautifully updated unit includes new vinyl windows, fresh paint, engineered flooring, turf, central air, gorgeous hardwood floors, and an in-unit washer and dryer! Zoned (Q) RD1.5-HCR, it offers significant long-term investment and development potential. The property is strategically located within minutes to Highland Park's Famous Retail Corridors: Figueroa and York and the Gold Line! Residents can dine at local favorites: Mendocino Farms, Jeni's, HomeState, Kitchen Mouse, Highly Likely, Highland Park Bowl, Villa's Taco's, Triple Beam, and Hippo, to name a few! It's surrounded by South Pasadena and minutes to DTLA! It boasts a walk score of 77 ("very walkable"), where most errands can be accomplished on foot! Disclosure: Buyers are advised to conduct thorough due diligence, including but not limited to verification of legal building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning, market rents, and the feasibility of constructing ADUs, additional units, or development feasibility. Listing Agent and Broker do not make any guarantees or representations as to the accuracy of the information provided. Read Less
Listing Snapshot
Days Online
124
Last Updated
Beds
6
Square Ft.
2,609
Lot Size
0.17 Acres
Year Built
1955
MLS Number
25612655
Additional Details
Building
Built in 1955, Living area: 2609.0, 2 buildings, 1 storey, Levels: One
Cooling
CentralAir
Heating
WallFurnace
Income
Gross Income: $103,704, Net Operating Income: $74,014
Lot
0.1739 acres
Parking
3 total parking spaces, DoorMulti, Garage
Taxes
Parcel Number: 5312027023, Zoning: LARD1.5
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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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