Mixed-Use Building in Prime El Sereno

$1,149,000 

5120 Huntington Dr S

# of Units: 6

GRM: 12.73

CAP Rate: 5.71%

Price/SF: $337

Building SF: 3,410

Lot SF: 6,616

Zoning: [Q]LAC4-1XL

Year Built: 1911-2017

Description

Welcome to your next best investment. This is a very special opportunity to acquire six (6) mixed-use units in prime El Sereno!  This property consists of two (2) commercial units with 45 feet of street frontage on Huntington Drive as well as (4) residential units.  

 

Built in 1911, there are two commercial units while the residential unit mix consists of (3) 1BD Apts, & (1) Studio Apt.  The units are separately metered and have been updated since the current owners first purchased the property.  Additionally, (2) of the residential units are not subject to rent control.  The rear structure consists of two (2) apartments that were recently permitted, have new interiors and a brand new roof.  There are five (5) gated open parking spaces in the rear of the property that can provide another source of monthly income if rented out.  The property sits in a great location with a walk score of 78 (walkscore.com) and provides easy access to South Pasadena, Alhambra, Highland Park, and Northeast LA.

 

Location

Nestled in the heart of El Sereno on the highly traveled Huntington Drive S, 5120 Huntington Dr S provides an amazing potential to investors.  Due to sitting on a popular street, this location provides great value for the two commercial units on the property that come with 45 feet of street frontage.  With that said, there is still plenty of perks for the tenants of the residential units as well.  These units sit farther into the lot from the street for a cozier living experience.  The parking is located off of the quieter Portola Ave which offers a more private entrance.  Lastly, with the lot sitting in a prime location, dining experiences, entertainment options, and shopping boutiques are always within reach. 

Property Highlights

  • 6 Units | 3,410 SF | 6,616 SF Lot

  • (2) Commercial Units on MTM Leases

  • 45 Feet of Street Frontage on the highly traveled Huntington Drive South 

  • (4) Residential Units consisting of (3)1BD Apts & (1) Studio Apt

  • (2) Residential Units are not subject to Rent Control.

  • Built in 1911-1946 | Zoned [Q]LAC4-1XL

  • Easy access to South Pasadena, Alhambra, Highland Park, & Northeast LA

  • Units are separately metered and 3/4 Residential Units have been fully upgraded

  • Rear roof was replaced in 2018

  • Amazing Location in Prime El Sereno

  • Walk Score of 78 - Very Walkable

  • (5) gated open parking spaces in rear

  • 20% Rental Upside

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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