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Gary & Colleen Wolfson
(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@bhhscal.com
DRE# 01044223
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Gary & Colleen Wolfson
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(858) 792-6085
Direct Office:
(818) 597-4513
colleenwolfson@
bhhscal.com
DRE# 01044223
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(858) 792-6085
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SOLD
$1,762,500
Date 09/13/2023

1824 S Highland Avenue
Los Angeles, CA 90019

Other
Residence
12
Beds
8
Baths
4,708
Sqft
0.1476
Lot Size
Listing Agent: James Yoo CalDRE: 01994131 - Yoo Properties

Description for 1824 S Highland Avenue Los Angeles, CA 90019

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)*

Property Details

23284809
Other, 2 Story
12
Los Angeles
8
1903
0.1476 Acres
2
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Listing Agent: James Yoo CalDRE: 01994131 - Yoo Properties
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Gary & Colleen Wolfson

Dean Stalter, Broker CalBRE# 00625377 -

23925 Park Sorrento, Calabasas, CA 91302 | Phone: (818) 597-4513 | Email: colleenwolfson@bhhscal.com

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