Multifamily

5325 Huntington Drive North

5325 Huntington Drive North, Los Angeles, CA 90032

Listing Price: $2,700,000

Cap Rate
4.54%
Number of Units
8
Price/Unit
$337,500
Price/Gross SF
$334.90
Gross SF
8,062

Investment Overview

Marcus & Millichap is pleased to present for sale a unique opportunity to acquire a meticulously maintained apartment building built in 1991 located at 5325 Huntington Drive North. It is uniquely positioned in the exciting, up-and-coming North East Los Angeles submarket, which is proximate to Highland Park, Pasadena, and Downtown Los Angeles. It is located only ten minutes North East of the USC Medical Center and fifteen minutes North East of Downtown Los Angeles. The eight-unit building is comprised of three two-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and four three-bedroom/two-bathroom units.

Investment Highlights

  • Rare Opportunity to Acquire 1991 Construction: In the Past Decade, Only Four Buildings Built in 1991 or Newer Have Transacted in the 90032 Zip Code
  • Not Subject to Rent Stabilization Ordinance: Although Subject to AB 1482, the Property is not Subject to the Rent Stabilization Ordinance due to its 1991 Construction
  • Excellent Unit Mix: Comprised Entirely of Large Two Bedroom and Three Bedroom Units
  • Three Units Delivered Vacant: A New Investor has the Opportunity to Implement a New Renovation Strategy to Unlock Additional Upside Potential
  • No Soft-Story Retrofit Required: Saves a New Investor Substantially in Capital Expenditure and Time
  • Ample On-Site Parking: 16 Covered Parking Spaces
  • Fifteen Minutes to Downtown Los Angeles: Just Fifteen Minutes Away from the Property, Downtown Los Angeles Provides an Exciting Array of Entertainment, Bars and Restaurants – The Diverse Mix of Companies that Have Reshaped Downtown Over the Years Have Begun to Announce Re-Opening Plans.

Exclusively Listed By

Listing Price: $2,700,000

Cap Rate
4.54%
Number of Units
8
Price/Unit
$337,500
Price/Gross SF
$334.90
Gross SF
8,062

Investment Highlights

  • Rare Opportunity to Acquire 1991 Construction: In the Past Decade, Only Four Buildings Built in 1991 or Newer Have Transacted in the 90032 Zip Code
  • Not Subject to Rent Stabilization Ordinance: Although Subject to AB 1482, the Property is not Subject to the Rent Stabilization Ordinance due to its 1991 Construction
  • Excellent Unit Mix: Comprised Entirely of Large Two Bedroom and Three Bedroom Units
  • Three Units Delivered Vacant: A New Investor has the Opportunity to Implement a New Renovation Strategy to Unlock Additional Upside Potential
  • No Soft-Story Retrofit Required: Saves a New Investor Substantially in Capital Expenditure and Time
  • Ample On-Site Parking: 16 Covered Parking Spaces
  • Fifteen Minutes to Downtown Los Angeles: Just Fifteen Minutes Away from the Property, Downtown Los Angeles Provides an Exciting Array of Entertainment, Bars and Restaurants – The Diverse Mix of Companies that Have Reshaped Downtown Over the Years Have Begun to Announce Re-Opening Plans.

Investment Overview

Marcus & Millichap is pleased to present for sale a unique opportunity to acquire a meticulously maintained apartment building built in 1991 located at 5325 Huntington Drive North. It is uniquely positioned in the exciting, up-and-coming North East Los Angeles submarket, which is proximate to Highland Park, Pasadena, and Downtown Los Angeles. It is located only ten minutes North East of the USC Medical Center and fifteen minutes North East of Downtown Los Angeles. The eight-unit building is comprised of three two-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and four three-bedroom/two-bathroom units.

Exclusively Listed By

MM Texture Background
MM Textured Background Lower