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5960 Benner Street, Los Angeles, CA 90042
Priced at Only: $4,250,000
For more Information Call Mobile: 714.478.6676
Address: 5960 Benner Street, Los Angeles, CA 90042
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  • MLS#: 24462297 ( )
  • Street Address: 5960 Benner Street
  • Viewed: 8
  • Price: $4,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1961
  • Bldg sqft: 0
  • Days On Market: 45
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90042
  • Provided by: Marcus & Millichap
  • Contact: Jason Jason
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present a fourteen (14) unit apartment building located at 5952 5960 Benner Street in Los Angeles, California. The subject property is situated in a prime Highland Park location, north of Arroyo Seco Parkway and east of S Avenue 60.Highland Park is a high density rental market adjacent to Eagle Rock, Pasadena, and Montecito Heights. These surrounding submarkets are major employment centers for the demographic that resides in Highland Park, and make it a very commutable area for its residents. Between Highland Park's two (2) main streets (York Boulevard and Figueroa), you will frequently find neighborhood coffee shops, thrift stores, and new nightlife establishments booming with life. This submarket's tree lined residential streets mix with a walkable urban culture, but it is also known for its commuter friendly transportation hubs and thoroughfares. The Metro is an at grade light rail station near the intersection of North Avenue 57 at Marmion Way (one block north of North Figueroa Street). It is the first station on the line going west toward Atlantic station that's in the city of Los Angeles. Highland Park has just as many contemporary landmarks as it does ones that predate the neighborhood's distinction as one of Los Angeles' hippest locations. Built in 1959 and 1961, this property consists of a ideal unit mix of six (6) one bedroom / one bathroom units, three (3) two bedroom / one bathroom units, two (2) two bedroom / one and a half bathroom units, and three (3) two bedroom / two bathroom units. Select units have been renovated with new appliances, flooring, air conditioning, and more. The property is gated and secure, featuring easily maintained landscaping and a large center courtyard perfect for tenant enjoyment. An on site laundry facility is available. The property is equipped with fourteen (14) on site parking spaces with potential to build into several ADU unit(s) given the property has two (2) separate parcels and may allow a path through SB1211 to nearly double the unit count. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as The Lodge Room, Highland Park Bowl, Kitchen Mouse Cafe, The Offbeat, and Hermon Park. Positioned in a prime Highland Park Location, this offering presents an exceptional opportunity for an investor to capitalize on a large, rare corner double lot with two (2) separate APNs in a low velocity submarket.
Features
Building Area Total
  1. 9805.00
Country
  1. US
Heating
  1. Wall Furnace
Laundry Features
  1. Washer Included
  2. Dryer Included
Levels
  1. Two
Netoperatingincome
  1. 257053.00
Parcel Number
  1. 5492019032
Parking Features
  1. Private
  2. Parking Space
Postalcodeplus4
  1. 4870
Security Features
  1. Gated Community
Sourcesystemkey
  1. 24-462297:CLAW
Totalexpenses
  1. 99952.00
Year Built
  1. 1961
Zoning
  1. LARD1.5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Mobile: 714.478.6676
  5. Fax: 714.975.9953
  6. salesbyxavier@gmail.com
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