6910-6912 N Figueroa
HIGHLAND PARK
Incredible 4-Unit Income Opportunity in Highland Park
DESCRIPTION
4 UNIT PROPERTY
4 bedrooms | 4 bath | 2234 sq ft
Lot size: 6,135 sq ft
Attention investors: Discover a rare opportunity to purchase a special 4-unit building in prime Highland Park! This charming Spanish-style 4-plex features 2 detached structures on one lot with lovely character details throughout.
A shared driveway leads to two detached garages in the rear of the property, which offer 1-car parking for each unit. Two units have been recently remodeled and feature original hardwood floors, new tiles, new hot water heaters, new windows, new kitchen appliances, and terrific storage. Entire property was tented for termites in 2021 and one structure was re-roofed in 2017. Conveniently nestled off Figueroa and located near tons of local favorites including The Hermosillo, Donut Friend, The York, Triple Beam Pizza, HiPPO, Kitchen Mouse, Highland Park Bowl, many hiking and biking trails in Arroyo Park, and much more! This darling income generator is being sold tenant-occupied.
Offered at $899,000
NEIGHBORHOOD
"Highland Park sits a few miles up the 110 from Downtown L.A., just south of Eagle Rock and Pasadena. Its tree-lined residential streets mix with a walkable urban culture, particularly along the burgeoning York Boulevard, a street stocked with trendy gastropubs and art galleries. More recently, Figueroa Street has found itself as another source of increasing pedestrian activity, thanks to its Metro Gold Line stop and a burst of nightlife development."
-Time Out LA
Click here to find out!
RENT ROLL & EXPENSES
6910 N Figueroa St
1 bed | 1 bath | approx 550 sf
Tenant pays $1800
One year lease expires July 19, 2022
6910 1/2 N Figueroa St
1 bed | 1 bath | approx 550 sf
Tenant pays $1600
Month-to-Month
6912 N Figueroa St
1 bed | 1 bath | approx 550 sf
Tenant pays $567
Month-to-Month
6912 1/2 N Figueroa St
1 bed | 1 bath | approx 550 sf
Tenant pays $553
Month-to-Month
Landlord pays Water and Sanitation via LADWP
For 2021, LADWP bills were $1497.39
For 2020, LADWP bills were $1367.22
________
Insurance: $1935.15
Taxes: $6261.48
Downloadable
Summary
Information
(PDF files)
GALLERY
6910 N Figueroa
<
>
6910 1/2 N Figueroa
<
>
MAP
website & photography by