Just listed. Fully occupied, market-rate newer construction asset in one of Highland Park’s most coveted rental pockets. The Aldama Collection is a rare opportunity to acquire a design-driven compound featuring a restored 1915 Craftsman residence at the front and four 2016-built townhome-style homes behind it. This property combines architectural appeal, modern systems, and efficient operations, delivering durable rentability and long-term value in a supply-constrained submarket.
Situated just off York Boulevard and moments from Figueroa, yet quietly set on a tree-lined street, the property offers exceptional walkability and sustained renter demand. Professionally managed with minimal operating expenses, it generates strong in-place income with an NOI of $154,845 and is offered at a 5.25 percent cap rate on actuals. Each residence features private outdoor space, in-unit laundry, separate meters, and on-site parking with garages, supporting low turnover and competitive market performance.
With ten parking spaces, non-RSO status for the majority (4) of units, and pride-of-ownership curb appeal, this is an extremely limited chance to secure a stabilized, turnkey multifamily asset in one of Northeast Los Angeles’ most desirable neighborhoods. Trophy holdings of this caliber rarely come to market.