We are pleased to present a five (5) unit apartment building located at 5243 Huntington Drive North in Los Angeles, California. The subject property is located in a great El Sereno location, south of Almont Street and east of Van Horne Avenue. Situated in a great El Sereno location adjacent… Read More to South Pasadena, this rare 2004 construction asset is not subject to LA City rent control and is offered by the original developer, featuring a strong 7.29% initial cap rate. The property offers a desirable unit mix of three (3) three-bedroom and two (2) four-bedroom units, with select interiors renovated. All units are separately metered for gas, electricity, and water and include in-unit washer and dryer. On-site parking presents a potential opportunity to develop ADUs (buyer to verify). The property provides convenient access to Alhambra Avenue, Huntington Drive, and Fremont Avenue, as well as the 710, 10, 110, 60, and 5 freeways. Nearby amenities include El Sereno Park, the Cal State LA Metrolink Station, and numerous retail and dining options. With exemption from LA City rent control, separately metered utilities for gas, electricity, and water, and additional upside through potential ADU development (buyer to verify), the property presents a compelling value-add investment opportunity. Read Less
Courtesy of Marcus & Millichap 818-212-2700
Listing Snapshot
Days Online
71
Last Updated
Property Type
Other
Beds
17
Square Ft.
4,704
Lot Size
0.16 Acres
Year Built
2004
MLS Number
26698251
30 Days Snapshot Of 90032
$687k
0%
(avg) sold price
0
-100%
homes sold
76
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
"Other"
Building
4,704 sq ft, Built in 2004, Levels: "Multi Levels"
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