1824 S Highland Avenue, Los Angeles, CA 90019 | MLS BB22085738 | Listing Information | Real Estate Reader

1824 S Highland Avenue
Los Angeles, CA 90019    Directions

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Courtesy: Elizabeth Maddox CalDRE: 01921425 - The 2-4 Unit Specialists
Real Estate Reader> California> Los Angeles> 90019
1824 S Highland Ave is a fully stabilized, pride-of-ownership fourplex located in the rapidly developing Mid-City neighborhood only a few minutes fromtrendy Downtown Culver City! Two of the units were given a full-scale remodel in 2021 that’s on par with new construction! A third unit was lightly remodeled in 2019 and achieved an outstanding rent close to today’s market value! With SEPARATE METERS for all utilities (tenants pay all!) and upscale renovations, this is the closest thing you’ll get to buying a new construction fourplex without having to spend over $3.5 million dollars! Additionally, it is important to note the potential to add one or two ADU’s on the property, which would add tremendous value.The units boast spacious, open floor plans, plentiful windows letting in ample natural lighting, real hardwood flooring, washers and dryers in all units, stainless steel kitchen appliances for 2 of the 4 units, and 4 new water heaters (2 are brand new, 2 were installed in the past year or two)! The twoupstairs units also get access to a lovely shared balcony. In the rear of the property there are two 2 car-garages (tandem) and 2 surface parking spaces.The current cap rate is an outstanding 4.51% and the pro forma cap rate is 4.94%! With new constructions selling in this hot pocket of Mid-City for over $3 million dollars and renting for over $4,000 for a 3 bedroom, we feel this property will continue to appreciate greatly over time.1824 S Highland is located less than 10 minutes from Downtown Culver City and the countless hotspots in the area, including the trendy Helms Bakery District, the Culver City Steps (Amazon Studios headquarters), Ivy Station (HBO headquarters), and the Cumulus District (Whole Foods).This area boasts a huge quantity of entertainment, tech, and creative jobs- ideal for leasing!
Fourplex, 2 Story
Los Angeles
0.1476 Acres
Public Sewer
The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: Elizabeth Maddox, The 2-4 Unit Specialists
Agent License: 01921425 Office License: 01921425

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