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$ 1,995,000
Est. payment /mo
New
5243 Huntington DR Los Angeles, CA 90032
17 Beds
5 Baths
4,704 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,704 sqft
Price per Sqft $424
MLS Listing ID 26698251
Bedrooms 17
HOA Y/N No
Year Built 2004
Lot Size 6,899 Sqft
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 7.29% 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
Area 621 - El Sereno
Zoning LARD1.5
Interior
Fireplace No
Exterior
Parking Features Driveway
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5309001027
Special Listing Condition Standard
Listed by Jason Tuvia Marcus & Millichap #01772495