Los Angeles, CA 90042,5726 ALDAMA ST

$1,450,000

$1,525,000

4.9%
Est.Price: ?

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Est. payment /mo

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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CRMLS – RECore
Listed by Eric Dilanian Remax Commercial and Investment Realty
Bought with Eric Dilanian Remax Commercial and Investment Realty

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agent
Valerie Castle

Managing Broker, JD | Lic# DRE# 01065018/02178736

+1(805) 749-3777

4744 Telephone Rd. # 3-227, Ventura, CA, 93003

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