5323 Monte Vista St - Apartments FOR SALE


Los Angeles, CA 90042- Eagle Rock
$1,790,000 USD
310-387-3489
5323 Monte Vista St, Los Angeles, CA for Sale
$1,790,000 USD
Apartments - FOR SALE
1/30
null | 5.07% Cap Rate

5323 Monte Vista St
Los Angeles, CA 90042
Eagle Rock


HIGHLIGHTS

  • Comprised of (2) two bedroom-one bathroom units and (2) one bedroom-one bathroom units spread across two separate structures.
  • Prime Los Angeles Location – Located in Highland Park submarket of Los Angeles.
  • Upgraded Capital Systems – Upgraded electrical and plumbing systems, new deck and exterior stairs installed.
  • Strong Management in Place – Most units are currently rented at or near market rates.

OVERVIEW

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 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. Reach out to broker for offering memorandum and additional information

FOR SALE DETAILS

PRICE

$1,790,000 USD

PRICE/SF

$556 USD /SF

# OF UNITS

4

PRICE/UNIT

$447,500

CAP RATE

5.07%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

LARD2

APN/PARCEL ID

5469-020-018

ASK ABOUT THIS PROPERTY

John AldenDover Management CorporationMore Info
310-387-3489

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John AldenDover Management CorporationMore Info
310-387-3489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.