$1,450,000 Price Analysis   ♡   Highland Park, CA 90042 Unknown bed None bath 4,092 SqFt ($354/SqFt) 5,804SqFt lot. Built 1961 Listed 2023-03-02, Taxes $12,717 | Ⓧ USDA Ineligible due to price & location near Los Angeles |
SELLER FINANCING- 70% LTV
* No Longer For Sale *
Your browser will attempt to redirect you to the city level in a few seconds.
5% I/O, will carry for 2 years. Take a look at this attractive 6 Unit Value Add opportunity in one of the hottest markets in Los Angeles- Highland Park! The building has all 2-bedroom units with 6 tandem parking spaces and is individually metered for gas and electricity. The current rents re considerably below market with rental upside being +/- 75% below comparable nicely renovated units in the area.
It is strategically located near all the Figueroa has to offer as well as the Metro Gold Line and 110 freeway with easy access to Downtown LA. These units are perfect for the buyer looking to add significant value as this pocket in Los Angeles has proven the strength of the rental market which continues to improve. The size and location of the building make this a solid hold for all size portfolios!
Presented by Justin Mccardle at
Growth Investment Group, Inc.
Property MLS #AR23035251 from CRMLS
Lot Size Acres: 0.1332415
Lot Size Source: Assessor
Lot Size Square Feet: 5804
County: Los Angeles
Cap Rate: 3.15
Source Property Type: Residential Income
Insurance Expense: 2807.00
Area: 632 - Highland Park
Source Neighborhood: 632 - Highland Park
Number of Separate Electric Meters: 7
Number of Separate Gas Meters: 7
Number of Separate Water Meters: 1
Parcel Number: 5492006018
Postal Code Plus 4: 5207
Zoning: LARD2
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2021 | $402,460 + $603,691 $1,006,151 | $12,717 |
| 2020 | $398,334 + $597,501 $995,835 | $12,839 |
| 2019 | $390,524 + $585,786 $976,310 | $12,352 |
| 2018 | $382,867 + $574,300 $957,167 | $12,243 |
| 2017 | $375,360 + $563,040 $938,400 | $11,940 |
| 2016 | $368,000 + $552,000 $920,000 | $11,649 |
| 2015 | $246,835 + $370,252 $617,087 | $8,040 |
| 2014 | $256,399 + $557,395 $813,794 | $10,646 |
| 2013 | $255,241 + $554,876 $810,117 | $10,636 |
| 2012 | $250,237 + $543,997 $794,234 | $10,775 |
| 2010 | $245,331 + $533,331 $778,662 | $10,463 |
| 2009 | $244,077 + $530,604 $774,681 | $10,092 |
| 2009 | $243,498 + $529,346 $772,844 | $10,092 |
| 2008 | $239,292 + $520,200 $759,492 | $9,674 |
| 2007 | $234,600 + $510,000 $744,600 | $9,355 |
$0
TheMLSCLAW
Listed 2024-04-25
$1,275,000
TheMLSCLAW
Sold 2023-07-14
$1,450,000
CRMLS
Price Changed 2023-05-15
$1,450,000
CRMLS
Listed 2023-03-02
$1,550,000
CRMLS
Listing removed 2022-12-31
$0
CRMLS
Relisted 2022-11-11
$1,550,000
CRMLS
Listing removed 2022-11-10
$0
CRMLS
Price Changed 2022-06-25
$1,550,000
CRMLS
Relisted 2022-05-11
$1,730,000
CRMLS
Listing removed 2022-04-28
$0
CRMLS
Listed 2022-02-23
$1,919,000
CRMLS
Listing removed 2019-12-11
$648,000
PasadenaPFAR
Sold 2015-12-15
$920,000
CRMLS
Listed 2015-10-13
$888,800
CRMLS
Listing removed 2014-04-02
$600,000
CRMLS
Sold 2014-02-27
$605,000
Public Record
Listed 2014-01-20
$600,000
CRMLS
Listing removed 2013-03-20
$648,000
PasadenaPFAR
Listing removed 2013-03-20
$648,000
ITECH
Listed 2013-01-24
$648,000
PasadenaPFAR
Listed 2013-01-24
$648,000
ITECH
Listing removed 2006-07-16
$799,000
ITECH
Listed 2006-05-15
$799,000
ITECH
Listing removed 2006-01-08
$789,000
ITECH
Sold 2005-11-18
$730,000
Public Record
Listed 2005-08-10
$789,000
ITECH
Sold 1980-01-18
$86,500
Public Record
Year Built: 1961
Building Features: 1
Common Walls: 2+ Common Walls
Property Age: 62
Property Attached: Yes
Structure Type: Apartment
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 5350.00
Water Source: Public
Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.