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$ 1,799,000
Est. payment /mo
Active
5243 Huntington Drive Los Angeles, CA 90032
4,704 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $382
MLS Listing ID CL26698251
HOA Y/N No
Year Built 2004
Lot Size 6,900 Sqft
Acres 0.1584
Property Sub-Type Other
Property 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 8.22% 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.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5309001027
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Listed by Jason Tuvia • Marcus & Millichap