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    5920 Benner Street

    Los Angeles (City), CA 90042
    • $1,399,000
    • STATUS: Active Under Contract
    • ON SITE: 99 days
    • ID#: 21723762
    Under Contract
    UPDATED: 22 min ago
    $1,399,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1948
    County:

    School Ratings & Info

    Description

    Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! All apartments are 1 bedroom & 1 bathroom and fully remodeled inside with modern finishes such as trendy black hardware, butcher block counter tops, white cabinets in kitchens and bathrooms, unique light fixtures, light wood flooring, two units feature offices. The spacious units average 806 SF each per title. Great tenants, well managed, rents average $1,991/month per unit, and collections have been 100% during COVID. Owner is selling in order to exchange up! * 14.64 GRM on current rents and 5.14% CAP Rate! * Large parking lot behind the building with 8 parking spaces and (4) large storage lockers for tenants. In front of the building, there's a shared patio for tenants with a community garden box (currently producing artichokes!) Separate meters & hot water heaters, plus a laundry room. If you are looking for an easy, well performing 4 unit in a hot area that is already updated & offers more room to grow, this building is for you. Drive by today and see for yourself - but don't delay - this deal is priced to sell! Located just a few blocks from Figueroa and near some of the best restaurants & attractions in Highland Park, such as La Cuevita, Triple Beam Pizza, Highland Park Wine, Hippo, Kitchen Mouse Cafe, & more. Also super close to Herman Dog Park & Arroyo Seco Park

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
    www.twissrealty.com/homes/116504999
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    5920 Benner Street Los Angeles (City), CA 90042

    • Price: $1,399,000
    • Status: Active Under Contract
    • Updated: 22 min ago
    • ID#: 21723762
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    1948
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! All apartments are 1 bedroom & 1 bathroom and fully remodeled inside with modern finishes such as trendy black hardware, butcher block counter tops, white cabinets in kitchens and bathrooms, unique light fixtures, light wood flooring, two units feature offices. The spacious units average 806 SF each per title. Great tenants, well managed, rents average $1,991/month per unit, and collections have been 100% during COVID. Owner is selling in order to exchange up! * 14.64 GRM on current rents and 5.14% CAP Rate! * Large parking lot behind the building with 8 parking spaces and (4) large storage lockers for tenants. In front of the building, there's a shared patio for tenants with a community garden box (currently producing artichokes!) Separate meters & hot water heaters, plus a laundry room. If you are looking for an easy, well performing 4 unit in a hot area that is already updated & offers more room to grow, this building is for you. Drive by today and see for yourself - but don't delay - this deal is priced to sell! Located just a few blocks from Figueroa and near some of the best restaurants & attractions in Highland Park, such as La Cuevita, Triple Beam Pizza, Highland Park Wine, Hippo, Kitchen Mouse Cafe, & more. Also super close to Herman Dog Park & Arroyo Seco Park
    Exterior Features

    Architectural Style Other Carport Spaces 0 Construction Materials Stucco Direction Faces East Foundation Details Raised Number Of Separate Electric Meters 4 Other Structures Shed(S) Parking Features Uncovered Parking Total 0 Pool Features None Pool Private YN No Roof Composition Spa Features None Spa YN No View None View YN No

    Interior Features

    Appliances DisposalGas OvenMicrowave Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring TileWood

    Property Features

    Additional Parcels YN No Buyer Financing Conventional Disclosures Rent Control Garage YN No Gross Income 95554 Laundry Features Upper Level Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 71926 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 0 Number Of Units Leased 4 Property Condition Updated/Remodeled Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityGasTrash Collection Total Actual Rent 95554 Vacancy Allowance Rate 0 Zoning Lard1.5

    Listing provided courtesy of Dana Coronado of Keller Williams Realty Encino-Sherman Oa


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-08-05T12:25:46.82. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty. Licensed in the State of California, USA.
     
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