Description

5300 Huntington Drive, Los Angeles is an appealing three-story apartment property built in 1986 (is not under City of Los Angeles Rent Stabilization Ordinance), which is in the heart of El Sereno area. It has total ten well-maintained units with 6,738 sqft living area, which combine six 2 beds +1 bath units and four 1 bed + 1 bath units. The first floor are huge community garages, around 17 spaces; the property also has ample street parking spaces. It is a secure gated building, fully leased now. Nine units already changed to laminate floors. It is in a very high-demand rental area with significant rental upside waiting for an astute multifamily investor. It is on the Huntington Drive commercial corridor, walking distance to grocery store, library, bank, restaurants, various shops, school, public transportation, etc. It is close to Costco, Target, ALDI, strip plazas, Cal State University of Los Angeles, and many more. It has easy access to Freeway 110, 710, 10, and 5; adjacent to City of Alhambra and South Pasadena; just 6 miles away from Downtown LA and Los Angeles Union Station, make it a very compelling value-add real estate asset for both seasoned and new investors. Drive by only, please do not walk in the property or disturb any tenants.