MarketPier

5323 MONTE VISTA Street - Los Angeles, CA 90042

$1,275,000
Listing Description

Rare investment opportunity to own a multi-family home (to be delivered vacant) in the heart of Highland Park.This charming and updated 1908 Craftsman-style 2-story home consists of 3 units in the main house (two 2 bed/ 1 bath units & one 1 bed/1 bath unit) with a 4th stand-alone 2 bed/1 bath unit in the back connected to a 2-car garage. Other notable features include a sprawling front porch, upstairs balcony, gated front yard, an extra-long gated driveway, individually-metered gas and electric, and a brand new electrical panel. As a contributing member to the local Historic Preservation Opportunity Zone (HPOZ), this property may be eligible for Mills Tax Act status, providing you with tremendous real estate tax savings to skyrocket any investors return on investment.

Listing Information
MLS Number
19531812
APN/Parcel ID
5469020018
Type
Multifamily
Sub Type
Multifamily
Building Size
3,222 sqft
Lot Size
7,003 sqft
Price / SQFT
$396
No Units
4
Price / Unit
$318,750
Gross Income
$108,000
Total Expenses
$27,000
Net Income
$81,000
Rent Multiplier
11.8
Cap Rate
6.35%
Listing Date
11/29/2019
Days Active
12
Last Updated
12/12/2019
Listing Provided By
Michael Wells
Keyes Real Estate
BRE# 02082649

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