Property listed by Remax Commercial and Investment Realty, Eric Dilanian 213-817-1000
$2,120,000
We are proud to present an extremely rare 43-unit portfolio opportunity in Highland Park, one of LA's hottest and most sought-after sub-markets: 5629 Monte Vista Street, a 12-unit mid-century building, is 1 of 3 assets offered either individually or as part of the portfolio. Strategically located just two blocks north… Read More of Figueroa Street and at the epicenter of Highland Park's most vibrant retail and dining corridor, the property was built in 1964 and features a substantial 9,599 square foot building situated on 12,008 square feet of land, zoned RD1.5-1-HPOZ. The property offers an excellent unit mix consisting of five (2+2) units, six (1+1) units, and a spacious owner's 3+2 unit with a private enclosed front yard. Offered for sale for the first time in nearly 40 years, the asset presents a compelling value-add opportunity with a strong basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 95 ("Walker's Paradise"), residents enjoy immediate access to the Gold Line and neighborhood favorites, including Highland Park Bowl, Kitchen Mouse Cafe, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farm, Villas Tacos, and Jeni's Ice Cream. ASSET 2 OF 3: 217 S AVENUE 54 | 90042 (17 UNITS) See Listing Details ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) See Listing Details DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibility. Read Less
Listing Snapshot
Days Online
8
Last Updated
Beds
19
Square Ft.
9,599
Lot Size
0.28 Acres
Year Built
1964
MLS Number
26665525
Additional Details
Building
Built in 1964, Living area: 9599.0, 1 building, Levels: Two
Income
Gross Income: $204,528, Net Operating Income: $119,698
Laundry
LaundryRoom
Lot
0.2757 acres
Parking
12 total parking spaces, AttachedCarport, DetachedCarport, DrivewayDownSlopeFromStreet
Taxes
Parcel Number: 5469032002, 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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