5122 Huntington Dr S
Los Angeles, CA 90032
5.71% Cap - Highland Park Adjacent Mixed-Use · Multifamily Property For Sale · 6 Units

5.71% CAP RATE on Current Rents! WISH YOU WOULD'VE BOUGHT ON FIGUEROA OR YORK BLVD 10 YEARS AGO? Here is your chance to buy on the main thoroughfare in El Sereno, Northeast LA's newest hotspot! Wondering where home buyers priced out of Echo Park and Highland Park are moving to? Welcome to El Sereno. Located just south of Highland Park and adjacent to South Pasadena, 5120 Huntington Drive S is an extremely exciting opportunity to acquire a mixed-use building consisting of six (6) units. The property features two (2) commercial units (both on MTM leases) with 45' of frontage on Huntington Drive as well as three (3)1BD Apts & one (1)Studio Apt. 3/4 of the apartments were completely remodeled recently with copper plumbing, new electrical, upgraded systems and fixtures, etc. 2/4 of the apartments were recently permitted and are NOT subject to rent control. Additionally, the rear roof covering the back two apartments was replaced in 2018. There are five (5)gated parking spaces in the rear as well as ample street parking in the front. This is an amazing deal for either an owner to occupy the retail space or for an investor to walk into a well managed and stable asset in an up-and-coming location that is poised to increase in value! El Sereno continues to be one of the brightest up-and-coming and sought after neighborhoods in Northeast LA. In El Sereno, Single Family Value Indicators (Zillow) have shown that prices rose 6.6% over the past year and are projected to rise an additional 5.0% throughout the next year. Known for it's youthful, vibrant, and robust population, El Sereno boasts a prominent atmosphere centered around a very strong sense of community. This property lies in a perfect position to take advantage of everything El Sereno has to offer. Residents can venture along Huntington Drive & Huntington Drive S to find all the dining, shopping, and entertainment options they could want. Meanwhile, the commercial tenants have the opportunity to capture attention from the 45 feet of street frontage this property has on the highly traveled Huntington Drive S. Owners and tenants alike can grab a freshly brewed coffee at Holy Grounds Coffee and Tea, take a scenic hike in Ascot Hills Park, and enjoy a quick bite at Dough Box Los Angeles all in a single day. No matter the preference or occasion, this location has it all!