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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$1,995,000

Est. payment - /mo

17 Beds

5 Baths

4,704 SqFt

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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

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Listed by Jason Tuvia Marcus & Millichap #01772495

Nearby School & Business

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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5243 Huntington DR Los Angeles, CA 90032

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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