5920 Benner Street, Los Angeles, CA 90042
Property · 2 recorded sales since 2016
Sold March 2024
Listing Agent: Dana Coronado (DRE #01746702) · Listing Office: Equity Union · Contact: 818-989-2000 · Bought with: Roni Raczkowski · Roni Raczkowski Real Estate · MLS #24358619 · Source: CRMLS
About this property
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.
Listing description from the March 2024 sale, as reported to CRMLS.
Sale history
