5323 Monte Vista St - Apartments FOR SALE


Los Angeles, CA 90042- Eagle Rock
$1,500,000 USD
424-396-1366
5323 Monte Vista St, Los Angeles, CA for Sale
$1,500,000 USD
Apartments - FOR SALE
1/16
null | 6.06% Cap Rate

5323 Monte Vista St
Los Angeles, CA 90042
Eagle Rock


HIGHLIGHTS

  • Investment opportunity to own a four-plex Craftsman multifamily building at 5323 Monta Vista Street.
  • Capital systems have been upgraded, including electrical and plumbing systems, as well as a new deck and exterior stairs.
  • Comprises two two-bedroom-one bathroom units and two one-bedroom-one bathroom units spread across two separate structures.
  • Outstanding Los Angeles location, nestled within the highly desirable and amenity-filled Highland Park submarket.
  • Boasting strong management in place, most units are currently rented or leased at 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 comprises two one-bedroom, one-bath units and two 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 the upgrade of electrical and plumbing systems, as well as the installation of a new deck. The property also features a spacious front porch, an upstairs balcony, a gated front yard, an extra-long driveway, and individually metered utilities. Located in the vibrant Highland Park neighborhood of Los Angeles, this fourplex offers the perfect blend of urban convenience and trendy living. Just a short stroll from the bustling attractions of Figueroa Street and York Boulevard, residents can enjoy easy access to a variety of shops, restaurants, and entertainment options. The Metro Highland Park Gold Line station is only a half-mile away, providing seamless connectivity to the rest of the city. Additionally, the property is conveniently located near the 110, 5, and 134 Freeways, making commutes to Eagle Rock, Mount Washington, Garvanza, Downtown LA, Pasadena, Dodger Stadium, Rose Bowl Stadium, and Occidental College a breeze. New ownership can capture the remaining loss to lease and benefit from a stable, cash-flowing investment in one of LA’s fastest-growing submarkets.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$466 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

6.06%

% 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
424-396-1366

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John AldenDover Management CorporationMore Info
424-396-1366

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