Incredible opportunity in Highland Park! Just a few blocks from Figueroa, this quadruplex is fully remodeled inside with modern finishes such as butcher block kitchen countertops, black hardware & fixtures, clean white cabinets and much more. The units are spacious and average about 800 SF each and total monthly income is $7,963. All units are 1 Br + 1 Ba, and 2 of those units have office areas that account for the higher market rent. All the interiors were remodeled in 2017/18, so rents are already strong and have more room to grow. There is a nice front patio behind the ficus wall that allows tenants to relax outdoors but also have privacy from the street. There is 2 car tandem open parking for all units, which is a huge value for tenants. (The driveway is shared with the building to the east, but it is different ownership and not related to this sale). With Highland Park being one of LA's "hippest" neighborhoods, being able to purchase a remodeled building such as this at such an attractive price point and with such strong financials is practically unheard of. The location can't be beat - it is about 1/3 of a mile to Figueroa and Ave 56/57, which is home to local favorites such as Otono, Antigua Bread, Cafe Birdie, ETA, Highland Park Bowl, Triple Beam Pizza, Go Get Em Tiger, Chase Bank, CVS, Home State, Checker Hall and the Lodge Room. Literally too many to mention! Also easy access to the 110 Fwy, Arroyo Seco Park, Tierra de la Culebra Park, Hermon Dog Park, and more.
Listing courtesy of Listing Agent: Dana Coronado (email@example.com) from Listing Office: Equity Union.
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