Property Detail

Description

5323 Monte Vista is a four-unit investment opportunity located in Highland Park, Los Angeles. The property features two separate structures on a 7,003 square foot lot. Built in 1908, and extensively renovated over the last five years, the property is comprised of (2) one-bedroom, one-bath units and (2) two-bedroom, one-bath units. The asset is professionally managed, with most rents at or near market levels. Significant capital improvements have been completed, including upgraded electrical and plumbing systems and a new deck. The property also features a spacious front porch, upstairs balcony, gated front yard, extra-long driveway, and individually metered utilities. New ownership can capture remaining loss to lease and benefit from a stable, cash-flowing investment in one of LA's fastest-growing submarkets.