$1,650,000
$1,600,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
0.32 Acres Lot
SOLD DATE : 05/25/2022
Key Details
Sold Price $1,650,000
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 22136515
Sold Date 05/25/22
HOA Y/N No
Year Built 1955
Lot Size 0.322 Acres
Property Description
We are pleased to present for sale a 7 unit Multifamily investment opportunity in North Highland Park - one of LA's Hottest Rental Locations! 6128 Aldama Street offers investors a substantial value add opportunity, with nearly 106% upside potential. A rarity to find a property built with a similar composition of 2 standalone single-story units with 2 Bedrooms and 1 Bathroom Each (+/- 1,048 SF Unit Built in 1955 and a +/- 777 SF Unit Built in 1913). A 3rd unit is a single story 2 Bedroom unit attached to the remainder of the 4 Units (1 VACANT), each comprised of 1 Bedroom and boasting a total SF of +/- 3,825 SF. This terrific opportunity is situated on a sprawling lot size of +/- 14,002, and zoned LARD2. 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, andcoffee shops. The Highland Park Bungalows are considered "Walker's Paradise" with a (92) walk-score, where daily errands do notrequire a car! This rare opportunity is poised for an astute investor looking to add value on a supply-constrained product in abooming 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 conductany/all due diligence including but not limited to the square footage, lot size, and zoning. DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD2
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Carport, Driveway, Garage
Total Parking Spaces 9
Building
New Construction No
Others
Senior Community No
Tax ID 5484017008
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