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

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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

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GALLERY

6910 N Figueroa

6910 1/2 N Figueroa

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