MLS® ID: RS19076141
1662 S Highland Avenue
Los Angeles, California, 90019 $1,199,999
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!