Description​​​

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Rare opportunity to buy a value-add 4plex in hip Highland Park on a large corner lot with parking! All apartments are 2 bedroom and 1 bathroom, and the spacious units average 806 SF each per title. Each apartment has one large bedroom and one smaller bedroom with no closet. Two apartments have small office areas off the kitchen, and all units have a closet at the end of the hallway that would be prefect for in unit stackable washer/dryers. There are separate hot water heaters and meters, and the property is professionally managed. Expenses are naturally low on a building like this. This property is in a prime area of Highland Park near Figueroa and with easy access to the 110 Freeway. All in all, this is an excellent investment in a stellar location.

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Location

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Highland Park has something for everyone and this location gives you access to it all! Nestled in the heart of Highland Park only a few blocks from Figueroa, this property is surrounded by a wide array of local amenities! Home values have risen 3.4% in the last year, and the average home value in Highland Park is $950,109.

Property Highlights

• Great Investment Property in Highland Park near Figueroa's hottest shops, cafes, bars, & restaurants.

• Unit Mix: Four Large 2Br+1Ba Apartments That Average Appx 800 SF Each

• All Units Are Legal 1Br+1Ba, but They all Function as 2 Bedrooms. The Smaller Bedroom Has No Closet.

• 2 Units Includes a Bonus Room off the Kitchen that Could Be Used as an Office

• One Unit is Currently Vacant and Being Held Vacant for the Buyer to Fill

• Hall Closets Are Perfect Size & Location to Create In Unit Washer/Dryer Combo

• Professionally Managed

• 4 Open Parking Spots & Potential To Utilize Open Space As Parking Via Curb Cut on Benner

• Separately Metered & Separate Hot Water Heaters

• Low Expenses & Low Maintenance Property

• Purchase With Residential Owner-User or Investor Financing - Call For Loan Programs, Interest Rates & Options!

• Adjacent 4 Unit at 5920 Benner (Exact Same Size and Layout) Just Sold for $1,420,000!