20
See all 20 photos
$1,895,000
Est. payment /mo
19 Beds
18 Baths
9,599 SqFt
Pending
5629 Monte Vista ST Los Angeles, CA 90042
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Key Details
Property Type Single Family Home
Listing Status Pending
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 a rare 12-Unit 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 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. 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
Listed by Eric Dilanian Remax Commercial and Investment Realty #01951699
Nearby Locations
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