1824 S Highland Avenue, Los Angeles, CA 90019

About this property

An excellent investment opportunity to own a profitable fourplex in the rapidly growing Mid-City neighborhood of Los Angeles. ONE UNIT WILL BE DELIVERED VACANT. Perfect for an owner/user or to update the unit and increase rent. Centrally located to LA's largest employment hubs, allowing for ideal travel times in any direction and making it a highly desirable location for a large pool of renters. Each unit is separately metered for gas, electricity, and water. The two upstairs units were fully remodeled in 2021. The garages have the potential to be converted into ADUs, adding even more upside value to this investment opportunity. Please do not disturb tenants or walk on the property. Interior showings are available with an accepted offer. *MONTHLY RENT: $11,374 (Current), $12,400 (Pro forma)*CAP RATE: 5.86% (Current), 6.52% (Pro forma) *GRM:13.19 (Current), 12.10 (Pro forma)*

Listing description from the September 2023 sale, as reported to CRMLS.

Sale history

$1,762,500

Sold September 2023 · listed $1,800,000, on market June 2023 · MLS #23284809 · Source: CRMLS

Listing Agent: James Yoo · Listing Office: Yoo Properties · Contact: 310-429-7978 · Bought with: Shawn Raoufpour · Gold Realty

$2,200,000

Sold June 2022 · listed $2,199,000, on market May 2022 · MLS #BB22085738 · Source: CRMLS

Listing Agent: Elizabeth Maddox · Listing Office: The 2-4 Unit Specialists · Contact: 818-859-7242 · Bought with: James Yoo · Yoo Properties

$1,155,000

Sold March 2015 · listed $1,199,000, on market January 2015 · MLS #15818799 · Source: CRMLS

Listing Agent: Robert Baer · Listing Office: Cap Equity Realty · Contact: 310-736-4192 · Bought with: Subscriber Non · Non-Participant Office

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