5120 Huntington Drive

    Los Angeles (City), CA 90032
    • $1,149,000
    • STATUS: Active
    • ON SITE: 130 days
    • ID#: 19454560
    Price Reduced
    UPDATED: 18 min ago
    $1,149,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,410
      SQFT
    • $337
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1911
    County:

    School Ratings & Info

    Description

    5.71% CAP RATE on Current Rents & Very Motivated Seller! WISH YOU WOULD'VE BOUGHT ON FIGUEROA OR YORK BLVD 10 YEARS AGO? Well, here is your chance to acquire (6) mixed-use units in prime El Sereno, Northeast LA's newest hotspot! The unit mix includes (3) 1BD Apts, (1) Studio, and (2) Commercial units that are all separately metered. The front building includes (2) commercial units with 45 feet of street frontage on Huntington Drive and (2) residential apartments. The rear building includes (2) residential apartments that have brand new interiors, a brand new roof and are NOT subject to rent control. There is ample street parking in the front as well as (5) gated open parking spaces in the rear of the property that can provide another source of monthly income if rented out. The property has the potential to operate at a 7.20% Cap Rate & 10.64 GRM on pro forma rents! *All information provided to be deemed reliable but not guaranteed.*

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-20T18:35:04.407. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
    www.fredsedgroup.com/homes/93626704

    5120 Huntington Drive Los Angeles (City), CA 90032

    • Price: $1,149,000
    • Status: Active
    • Updated: 18 min ago
    • ID#: 19454560
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    3,410
    SQFT
    $337
    $/SQFT
    1911
    Built
    Neighborhood:
    621 - El Sereno
    County:
    Los Angeles
    Area:
    621 - El Sereno
    Property Description
    5.71% CAP RATE on Current Rents & Very Motivated Seller! WISH YOU WOULD'VE BOUGHT ON FIGUEROA OR YORK BLVD 10 YEARS AGO? Well, here is your chance to acquire (6) mixed-use units in prime El Sereno, Northeast LA's newest hotspot! The unit mix includes (3) 1BD Apts, (1) Studio, and (2) Commercial units that are all separately metered. The front building includes (2) commercial units with 45 feet of street frontage on Huntington Drive and (2) residential apartments. The rear building includes (2) residential apartments that have brand new interiors, a brand new roof and are NOT subject to rent control. There is ample street parking in the front as well as (5) gated open parking spaces in the rear of the property that can provide another source of monthly income if rented out. The property has the potential to operate at a 7.20% Cap Rate & 10.64 GRM on pro forma rents! *All information provided to be deemed reliable but not guaranteed.*
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 5.71 Gross Multiplier 12.73 Gross Operating Income 86657.00 Improvements Amount 107736 Improvements Percent 40.00 Insurance Expense 1705.00 Land Value 161604 Laundry YN No Maintenance Expense 1500.00 Net Operating Income 65659.00 Special Listing Conditions Standard Total Expenses 20999.00 Water Sewer Expense 3431.00 Zoning Lac4

    Listing provided courtesy of Dana Coronado of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-08-20T18:35:04.407. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Fred Sed Realty - Keller Williams. Licensed in the State of California, USA.
     
    Fred Sed Realty - Keller Williams
    4010 Barranca Pkwy Suite 100
    Irvine CA, 92604