MLS® ID: RS19076141

1662 S Highland Avenue

Los Angeles, California, 90019

$1,199,999 Active
  • - SQFT
Well-maintained 4-plex with responsible renters in highly desirable neighborhood of Mid City Los Angeles! Minutes away from Korea Town, Miracle Mile (LACMA, LA Brea Tar Pits, Peterson Automotive Museum, El Rey Theatre). This is a terrific opportunity for an investor that would like to add to their real estate portfolio of long-term investments, or the home buyer that would like to owner-occupy 1 unit and rent the others out. The building consists of 2BD/1BA units, and each is individually metered for gas and electricity. There is a detached double-garage (x2) that provides 4 parking spaces. There is a laundry on-site that brings in an additional $175/month income. Owner has recently completed exterior paint of the building, and has had the back staircase completely rebuilt. Building is up to code with the City of LA as of 2019. With a 35% down payment conventional loan (4.5% interest rate, as of 4/3/2019), the mortgage payment (PITI) would be $5000/month while earning monthly income of $5570/month. Must see! Don't miss out on this beautifully-maintained property in hot neighborhood with high demand!
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Listing courtesy of Nationwide Real Estate Execs

Amenities

  • Zip
    90019
  • Office name
    Nationwide Real Estate Execs
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Quadruplex
  • Zoning type
    LARD1.5
  • Year built
    1947
  • Lot size
    5937.00
  • Sewer
    Public Sewer
  • Tax year
    0
  • Agent name
    Michael Saldana
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Full baths
    0
  • Half baths
    0

Location

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