Description

***Exceptional 5-unit investment property in Highland Park*** This project consists of three separate structures totaling 17 bedrooms and 12 bathrooms with brand new turnkey finishes. The original duplex (326 S Leslie & 5719 Omaha) has been taken down to the studs and fully remodeled with all new electrical and plumbing. There are two 3-bd / 2-ba units that are under RSO but leased at market rents. A brand-new duplex features two 4-bd / 3-ba units with large master suites and private patios with views. And newly built 3-bd / 2-ba ADU offers additional city views. Both if the new structures have solar panels and both ARE EXEMPT FROM LA AND CA RENT CONTROL. All units showcase brand-new appliances, wide luxury vinyl plank flooring, quartz countertops, designer tile baths and ample outdoor space for furry friends. There are 8 parking spots for the two duplexes...2 spots per unit. This property is an ideal 1031 exchange target or for an investor seeking a stabilized, high-quality income asset in a prime location — just blocks from vibrant Figueroa Street and minutes to DTLA and Pasadena. This project is a legitimate 5.4 CAP based on new sales price and with property management. Additional photos, rents, and financials available upon request.