MarketPier

1131 N AVENUE 56 - Los Angeles, CA 90042

$1,650,000
Listing Description

We are excited to announce 1131 N Avenue 56, Los Angeles - A stellar 4 unit property in Highland Park! Constructed in 1993, this building is non-rent control, which is incredibly difficult to find in the area. Within walking distance of some of Highland Park's hottest and trendiest spots, including Cafe De Leche, Tacos Le Estrella, Donut Friend, Town Pizza, Highland Cafe, The York, and Sonny's Hideaway, this is an investment opportunity not to be missed!Additionally, there is a local post office, playground & easy bus and transit access surrounding the property. From working professionals and students, to families just starting off, the property provides an attractive living opportunity for the area's demographics. Comprised of 4 (four) 2 bedroom, 1 bathroom units, each with 2 private parking spaces, this investment property proves to be a spacious place to live in a highly desired area, boasting some of LA's top walk and transit scores.

Listing Information
MLS Number
18413742
APN/Parcel ID
5478025013
Type
Multifamily
Sub Type
Multifamily
Building Size
2,800 sqft
Lot Size
6,302 sqft
Price / SQFT
$589
No Units
4
Price / Unit
$412,500
Gross Income
$98,358
Total Expenses
$30,655
Net Income
$67,703
Rent Multiplier
16.27
Cap Rate
4.10%
Listing Date
12/6/2018
Days Active
2
Last Updated
12/9/2018
Listing Provided By
Benjamin J. Hsiang
Realty Investment Advisors, In
BRE# 02063191

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