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1837 S Highland Ave, Los Angeles, CA 90019

$1,450,000

Description

Lyon Stahl Investment RE is proud to present this immaculate, recently renovated Triplex listing in a prime Mid-City location at 1837 S. Highland Avenue, LA 90019. Featuring a fantastic unit mix with two large 3 Bedroom 2 Bath units & a detached rear 1 Bedroom 1 Bath unit with 2,773 total rentable SF. Seller will be delivering one 3+2 unit vacant at closing. This Mid-City property is very well-located adjacent highly desirable Lafayette Square & Picfair Village in a nice residential pocket, but also close to La Brea & minutes from the 10 Freeway for ease of access/commuting. This totally turnkey Highland triplex presents a great opportunity both for an owner-user buyer looking to take occupancy themselves + have great rental income to assist with the bulk of their mortgage payments, or for an investor/1031 buyer looking to rent that vacant 3+2 unit for a $3,200/mth market rent & enjoy strong gross income of $7,925/mth; $95,100/yr with total ease of mgmt & no capital improvements required.

Investment Highlights: 

• Immaculate recently renovated Triplex with two 3+2 units & one detached 1+1 unit (one 3 Bedroom Unit will be delivered vacant at closing)
• Rapidly appreciating Mid-City LA (90019) location; adjacent highly desirable Lafayette Square & Picfair Village in a nice residential pocket
• Great owner-user or investor/1031 opportunity with solid stable income of $7,925/month; $95,100/year & ease of management with this totally turnkey asset
• Well-located just north of Washington Blvd; one block east of La Brea & only minutes from the 10 Freeway for ease of access/commuting throughout LA

 

Property Downloads

Address

  • City: Los Angeles
  • State/county: CA
  • Country: United States

Detail

Updated on October 3, 2019 at 11:18 pm

  • Price: $1,450,000
  • Property Size: 2,773 Sq Ft
  • Land Area: 5,618 Sq Ft
  • Year Built: 1940
  • Property Type: Multifamily, Triplex
  • Property Status: Active
  • Numbers of Units: 3
  • GRM: 15.25
  • CAP RATE: 4.59%
  • Price per Unit: $483,333.33

Contact info

Matt Dunfrund
Matt Dunfrund
(424) 330-2015(310) 367-9666
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