Los Angeles, CA 90042,5920 Benner ST
Los Angeles, CA 90042,5920 Benner ST
Los Angeles, CA 90042,5920 Benner ST
23
$1,420,000
$1,450,000
2.1%
Est.Price: ?

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8 BD
4 BA
3,224 SqFt

5920 Benner ST Los Angeles, CA 90042

Est. payment /mo
SOLD DATE : 03/29/2024

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Key Details

Sold Price $1,420,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 3,224 sqft

Price per Sqft $440

MLS Listing ID 24358619

Sold Date 03/29/24

Bedrooms 8

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1948

Lot Size 5,601 Sqft

Property Description

Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms that would be a perfect office, making this highly conducive to tenants who work from home. Great tenants, well managed, and rents average $2,166/month per unit, making this an excellent investment in a stellar location. All units have only 1 or 2 tenants each, there are no long term tenants, and these units generally turn over every few years. The property is easy to manage, has low expenses, partial copper plumbing, and a good roof. There is a front yard area with communal lounge furniture, garden plots and BBQ grill where tenants can keep plants, hang out, and feel at home. The property is located just south of Figueroa on a quiet street near the 110 Freeway. It is walkable to all the hotspots on Figueroa, as well as nearby parks, the Metro Gold Line, and so much more. The median single family home price in Highland Park is now $1,138,000, making this an extremely high barrier to entry area and extremely popular among high earning renters.

Location

State CA

County Los Angeles

Area 632 - Highland Park

Zoning LARD1.5

Interior

Interior Features Ceiling Fan(s)

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type None

Fireplace No

Appliance Disposal, Gas Oven, Microwave, Refrigerator

Laundry None

Exterior

Parking Features Garage, Tandem, Uncovered

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Accessibility None

Porch None

Total Parking Spaces 8

Private Pool No

Building

Story 2

Entry Level Two

Foundation Raised

Level or Stories Two

New Construction No

Construction Status Updated/Remodeled

Schools

School District Los Angeles Unified

Others

Senior Community No

Tax ID 5492019006

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Dana Coronado • Equity Union
Bought with Roni Raczkowski • Roni Raczkowski Real Estate

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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