Two Homes on One Lot in Highland Park

$750,000

4911 Aldama 

Pro Forma GRM: 8.93 GRM

Pro Forma CAP: 9.03%

Year Built: 1952

Description

FIXER Opportunity! Two homes on one lot in Highland Park less than a mile from York Blvd - Highland Parks main thoroughfares and neighborhood hub. The front home is 890 SF and features (2Br+1Ba) plus an attached garage and is tenant-occupied. The rear house is 1,000 SF and features (1Br+1Ba) and one surface parking space, which is owner-occupied and will be delivered vacant. The rear house is gated and has a small front yard. There is some unfinished work in the rear house and potentially unpermitted additions.  This property is ideal for an experienced cash buyer - the property will not qualify for conventional financing.

​

​

​

​

​

Location

Located less than a mile from York Blvd and 1.7 miles from Eagle Rock Blvd where you will find spots like Joy, Donut Friend, Goldburger, Ramen of York, and many more shops and cafes. The Highland Park Station and Arroyo Seco Library are 1.6 miles away. The Aldama Elementary School is within walking distance - 0.2 miles. The historic neighborhood of Highland Park is perfect for those looking to live in a dynamic neighborhood.

​

Property Highlights​

• 2 Detached Homes on 1 Lot

• Great Location in Highland Park

• Front House (2Br+1Ba) 890 SF

  • 1- Car Garage​

• Rear House (1Br+1Ba) 890 SF 

  • Gated + 1 Parking Space​

• 7,494 SF Lot​​

• Amazing Value - Tons of Potential!

• Rear Home Delivered Vacant

• Easy Access to Eagle Rock, DTLA, Pasadena, Echo Park & More!