$1,450,000
$1,525,000
4.9%For more information regarding the value of a property, please contact us for a free consultation.
10 Beds
6 Baths
3,878 SqFt
SOLD DATE : 02/25/2022
Key Details
Sold Price $1,450,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 3,878 sqft
Price per Sqft $373
MLS Listing ID 21111703
Sold Date 02/25/22
Bedrooms 10
HOA Y/N No
Year Built 1932
Lot Size 9,975 Sqft
Property Description
We are pleased to present for sale, "The Highland Park Bungalows" a rare 6 Unit Spanish Style Multifamily investment opportunity in North Highland Park one of LA's Hottest Rental Locations! For the first time on the market in 40+ Years, 5726 Aldama St, offers investors a substantial value add opportunity with nearly 135% Upside Potential. 4 of the 6 units are Bungalows each comprised of 2 Bedrooms & 1 Bathroom Units with abundant/secluded yard space! 2 of the 6 units are spacious 1 Bedroom & 1 Bathroom Units situated above garage space. The Highland Park Bungalows are built in 1932/1933 and have a total square footage of 3,878 SF, situated on a lot size of 9,999, and zoned RD2-1-HPOZ. The property is strategically located in a vibrant and lively nightlife scene, minutes to both York & Figueroa's retail corridor which is home to a number of trendy bars, retail, and coffee shops. The Highland Park Bungalows are considered "Very Walkable" with a (87) walk-score, where most errands can be accomplished on foot. This rare opportunity is poised for an astute investor looking to add value on a supply constrained product in a booming area where prices have appreciated Year-over-Year. Minutes to Pasadena, Downtown LA, Eagle Rock, Atwater Village, Silver Lake, Echo Park, "The Highland Park Bungalows" might be a once in a lifetime life opportunity to acquire. Buyer to conduct any/all due diligence including but not limited to the square footage, lot size, and zoning. DO NOT DISTURB TENANT OR WALK ON PROPERTY - DRIVE BY ONLY.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD2
Interior
Fireplace No
Exterior
Parking Features Assigned, Covered
Building
New Construction No
Others
Senior Community No
Tax ID 5484019003
Special Listing Condition Standard
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Bought with Eric Dilanian Remax Commercial and Investment Realty
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Managing Broker, JD | Lic# DRE# 01065018/02178736