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1824 S Highland Avenue
USD 1,800,000
Property ID: 23284809
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1824 S Highland Avenue ,90019
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icon 6431 SqFt
icon Built in 1903
icon USD 280/SqFt
icon 12 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
12
Bathrooms
0
Interior Size
4708
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1903
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Detailed Introduction Of This Home
An excellent investment opportunity to own a profitable fourplex in the rapidly growing Mid-City neighborhood of Los Angeles. ONE UNIT WILL BE DELIVERED VACANT. Perfect for an owner/user or to update the unit and increase rent. Centrally located to LA's largest employment hubs, allowing for ideal travel times in any direction and making it a highly desirable location for a large pool of renters. Each unit is separately metered for gas, electricity, and water. The two upstairs units were fully remodeled in 2021. The garages have the potential to be converted into ADUs, adding even more upside value to this investment opportunity. Please do not disturb tenants or walk on the property. Interior showings are available with an accepted offer. *MONTHLY RENT: $11,374 (Current), $12,400 (Pro forma)*CAP RATE: 5.86% (Current), 6.52% (Pro forma) *GRM:13.19 (Current), 12.10 (Pro forma)*
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (22)
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1824 S Highland Avenue
USD 1,800,000 12 Beds
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