Highland Park Remodeled Quadruplex

$1,299,000 

5669 Aldama Street

# of Units: 4

GRM: 17.76

CAP Rate: 3.76%

Price/SF: $461

Building SF: 2,816

Lot SF: 4,722

Zoning: LAR2

Year Built: 1913

Description

Welcome to the Aldama Apartments - a fantastic Arts and Crafts quadruplex located in burgeoning Highland Park, just south of York Blvd. The investment is 100% leased and was completely renovated in 2006 from head to toe. The building went through major renovations which consisted of new plumbing, electrical, drains, communication wiring, new walls, insulation, wood and tile flooring and much more. Each unit has 9-foot ceilings, its own washer & dryer, and remote-controlled wall AC. Upper floor units have ceiling fans in the living room & bedroom. Each apartment has a thermostatically remote-controlled gas log fireplace. There is also a remote-controlled security gate behind the building and 4 parking spaces. Separate meters & hot water heaters. Fruit trees in the front yard and plots where tenants keep their own gardens. 2nd floor has a shared patio and lower units have their own front porch. Beautiful wisteria vines in the back yard. Must see to appreciate.

 

Location

Nestled in the heart of Highland Park only a few blocks from York Blvd and N Ave 56, this property is surrounded by a wide array of local amenities! Enjoy a delicious espresso at The Highland Café, a laid-back coffee shop serving inventive egg dishes with a warm brick interior. Check out some of the unique and interesting art at the MorYork Gallery after a Ramen lunch at the Ramen of York restaurant. Head over to the Hi Hat for some live music while bar hopping through some of LA’s hottest bars on York Blvd. Whether it is the traditional flare of local favorites like El Huarache Azteca or La Fuente Restaurant or the modern additions like The York, Donut Friend or Sonny’s Hideaway, Highland Park has something for everyone and this location gives you access to it all!

Property Highlights

  • Arts & Crafts Quadruplex Restored With Character and Integrity in 2006

  • 2006 Renovation was "Down to the Studs" - 100% Copper Plumbing, New Electrical, Drains, Roof, Walls, Kitchens, Baths, etc.

  • Each Unit Has Gas Fireplaces, Stackable Washer & Dryer 

  • 100% Occupied

  • 100% Covid Rent Collection

  • Gated Parking in Rear

  • Walk Score of 70

  • Minutes to York Blvd, Figueroa St, and Occidental College

  • Amazing Location in Happening Highland Park

  • Close Proximity to Many Great Stores and Delicious Eateries

Please Send Me More Infomation On This Listing
Call Me Today!

Tel: 310.562.9630 

Email: DMendez@kw.com

DRE #: 01746702

IncomePropertiesLA.com

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