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5920 Benner Street
Los Angeles, CA 90042
Sold
5920 Benner Street
Los Angeles, CA 90042
Sold
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.
PROPERTY INFORMATION
| MLS # | 24358619 | Lot Size | 5,601 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,450,000
Price Per SqFt: $ 450 |
DOM | 444 Days |
| Address | 5920 Benner Street | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,224 Sq. Ft. |
| Postal Code | 90042 | Garage | N/A |
| County | Los Angeles | Year Built | 1948 |
| Bed / Bath | 8 / 0 | Parking | 8 |
| Built In | 1948 | Status | Closed |
| Sold Date | 2024-03-29 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | None |
| Has Fireplace | No |
| Fireplace Information | None |
| Has Appliances | Yes |
| Kitchen Appliances | Disposal, Microwave, Refrigerator, Gas Oven |
| Kitchen Information | Kitchen Open to Family Room, Remodeled Kitchen |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Office |
| Has Cooling | Yes |
| Cooling Information | Wall/Window Unit(s) |
| Flooring Information | Laminate |
| InteriorFeatures Information | Ceiling Fan(s) |
| Has Spa | No |
| SpaDescription | None |
| SecuritySafety | Smoke Detector(s), Carbon Monoxide Detector(s) |
| Bathroom Information | Low Flow Toilet(s), Low Flow Shower, Remodeled, Tile Counters |
EXTERIOR FEATURES
| FoundationDetails | Raised |
| Roof | Composition, Shingle |
| Has Pool | No |
| Pool | None |
| Has Patio | No |
| Patio | None |
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,547
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 02/15/2024 | Listed | $1,450,000 |
Topfind Realty
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(844)-333-8033
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Listing provided courtesy of Dana Coronado, Equity Union. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
