5629 Monte Vista ST, Los Angeles, CA 90042
5629 Monte Vista ST, Los Angeles, CA 90042
5629 Monte Vista ST, Los Angeles, CA 90042
20
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$1,895,000
Est. payment /mo
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19 Beds
18 Baths
9,599 SqFt
Price Dropped by $225K

5629 Monte Vista ST Los Angeles, CA 90042

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Darren Wade

Darren Wade

+1(559) 312-7467

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 9,599 sqft

Price per Sqft $197

MLS Listing ID 26665525

Bedrooms 19

HOA Y/N No

Year Built 1964

Lot Size 0.276 Acres

Property Description

** PRICE REDUCED ** New Metrics: $158K/Door, 9.27 GRM, 197/SF, 6.46% Cap Rate ** We are proud to present an extremely rare 43-unit portfolio opportunity in Highland Park, one of LA's hottest and most sought-after sub-markets: 5629 Monte Vista Street, a 12-unit mid-century building, is 1 of 3 assets offered either individually or as part of the portfolio. Strategically located just two blocks north of Figueroa Street and at the epicenter of Highland Park's most vibrant retail and dining corridor, the property was built in 1964 and features a substantial 9,599 square foot building situated on 12,008 square feet of land, zoned RD1.5-1-HPOZ. The property offers an excellent unit mix consisting of five (2+2) units, six (1+1) units, and a spacious owner's 3+2 unit with a private enclosed front yard. Offered for sale for the first time in nearly 40 years, the asset presents a compelling value-add opportunity with a strong basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 95 ("Walker's Paradise"), residents enjoy immediate access to the Gold Line and neighborhood favorites, including Highland Park Bowl, Kitchen Mouse Cafe, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farm, Villas Tacos, and Jeni's Ice Cream. ASSET 2 OF 3: 217 S AVENUE 54 | 90042 (17 UNITS) See Listing Details ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) See Listing Details DISCLOSURE: Buyers are advised to conduct independent, thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibility.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Interior

Fireplace No

Laundry Laundry Room

Exterior

Parking Features Attached Carport, Detached Carport, Driveway Down Slope From Street

Total Parking Spaces 12

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5469032002

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Eric Dilanian Remax Commercial and Investment Realty #01951699

NEARBY SCHOOL & BUSINESS

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Darren Wade

Darren Wade

Broker Associate | License ID: 01910957

+1(559) 312-7467

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5629 Monte Vista ST