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5243 Huntington Drive, Los Angeles, CA 90032
Priced at Only: $2,100,000
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Address: 5243 Huntington Drive, Los Angeles, CA 90032
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  • MLS#: 26651405 ( )
  • Street Address: 5243 Huntington Drive
  • Viewed: 1
  • Price: $2,100,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2004
  • Bldg sqft: 0
  • Days On Market: 31
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90032
  • Provided by: Marcus & Millichap
  • Contact: Jason Jason
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    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 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 6.87% 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.
Features
Building Area Total
  1. 4704.00
Country
  1. US
Levels
  1. Multi/Split
Netoperatingincome
  1. 144225.00
Parcel Number
  1. 5309001027
Parking Features
  1. Uncovered
Sourcesystemkey
  1. 26651405:CLAW
Totalexpenses
  1. 50235.00
Year Built
  1. 2004
Zoning
  1. LARD1.5
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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