Photo 1 of 22 of 1824 S Highland Avenue property
Photo 2 of 22 of 1824 S Highland Avenue property
Photo 3 of 22 of 1824 S Highland Avenue property
Photo 4 of 22 of 1824 S Highland Avenue property
Photo 5 of 22 of 1824 S Highland Avenue property
Photo 6 of 22 of 1824 S Highland Avenue property
Photo 7 of 22 of 1824 S Highland Avenue property
Photo 8 of 22 of 1824 S Highland Avenue property
Photo 9 of 22 of 1824 S Highland Avenue property
Photo 10 of 22 of 1824 S Highland Avenue property
Photo 11 of 22 of 1824 S Highland Avenue property
Photo 12 of 22 of 1824 S Highland Avenue property
Photo 13 of 22 of 1824 S Highland Avenue property
Photo 14 of 22 of 1824 S Highland Avenue property
Photo 15 of 22 of 1824 S Highland Avenue property
Photo 16 of 22 of 1824 S Highland Avenue property
Photo 17 of 22 of 1824 S Highland Avenue property
Photo 18 of 22 of 1824 S Highland Avenue property
Photo 19 of 22 of 1824 S Highland Avenue property
Photo 20 of 22 of 1824 S Highland Avenue property
Photo 21 of 22 of 1824 S Highland Avenue property
Photo 22 of 22 of 1824 S Highland Avenue property

  • Overview

  • Monthly cost

  • Get pre-approved

  • Fees & commissions

  • Related

  • Intelligence reports

Save

ActiveOpen house: Sun, Jul 23 · 5-6 PM

Buy a propertyat 1824 S Highland Avenue, Los Angeles, CA 90019

$1,800,000

$0/mo

Get pre-approved

Multifamily

4,708 Sq. Ft.

6,431 Sq. Ft. lot

12 Bedrooms

0 Bathrooms

320 Days on market

23284809 MLS ID

Click to interact

Property position on map

Click the map to interact

About 1824 S Highland Avenue property

An excellent investment opportunity to own a profitable fourplex in the rapidly growing Mid-City neighborhood of Los Angeles. ONE UNIT WILL BE DELIVERED VACANT. Perfect for an owner/user or to update the unit and increase rent. Centrally located to LA's largest employment hubs, allowing for ideal travel times in any direction and making it a highly desirable location for a large pool of renters. Each unit is separately metered for gas, electricity, and water. The two upstairs units were fully remodeled in 2021. The garages have the potential to be converted into ADUs, adding even more upside value to this investment opportunity. Please do not disturb tenants or walk on the property. Interior showings are available with an accepted offer. *MONTHLY RENT: $11,374 (Current), $12,400 (Pro forma)*CAP RATE: 5.86% (Current), 6.52% (Pro forma) *GRM:13.19 (Current), 12.10 (Pro forma)*
An excellent investment opportunity to own a profitable fourplex in the rapidly growing Mid-City neighborhood of Los Angeles. ONE UNIT WILL BE DELIVERED VACANT. Perfect for an owner/user or to update the unit and increase rent. Centrally located to LA's largest employment hubs, allowing for ideal travel times in any direction and making it a highly desirable location for a large pool of renters. Each unit is separately metered for gas, electricity, and water. The two upstairs units were fully remodeled in 2021. The garages have the potential to be converted into ADUs, adding even more upside value to this investment opportunity. Please do not disturb tenants or walk on the property. Interior showings are available with an accepted offer. *MONTHLY RENT: $11,374 (Current), $12,400 (Pro forma)*CAP RATE: 5.86% (Current), 6.52% (Pro forma) *GRM:13.19 (Current), 12.10 (Pro forma)*

Open houses

Open House to view the vacant unit only.

Sun, Jul 23, 5:00 PM - 6:00 PM

Property details

Appliances and Equipment

Dishwasher

Gas Oven

Microwave

Range

Refrigerator

Dryer

Washer

Bathrooms

8 total bathrooms

Bedrooms

12 total bedrooms

House

2 total stories

Built in 1903

4,708 sqft living area

4708 total building sqft

Cooling

No cooling

Heating

Natural Gas

Income

Gross Income: 136488

Net Operating Income: 105459

Laundry

Inside

Listing

Listing ID: 23284809

23 days on market

Listed on 2023-06-27

Rent controlled

Location

County: Los Angeles

Lot

6431 sqft

0.1476 acres

Area: 6431

Parking

2 open parking spaces

6 total parking spaces

Assigned

One Space

Property

Single building

4 units

Tenant Pays

Electricity

Gas

Trash Collection

Water

Utilities

4 separate electric meters

4 separate gas meters

4 separate water meters

Monthly cost

Estimated monthly cost

$11,470/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,692,000

+$54,000

$1,746,000

Seller agent commission$54,000 (3%)*

$0 (0%)

Buyer agent commission$54,000 (3%)*

$54,000 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $54,000 more selling your home
with an Unreal Estate agent

Start free MLS listing
View related pages

State

  • Mobile homes in California
  • Condos in California
  • Real Estate for Sale in California
  • Real Estate for Sale in California

Counties

Cities

Unreal Estate checked: May 13, 2024 at 9:07 p.m.

Data updated: Jul 21, 2023 at 6:05 a.m.

Property listed by Yoo Properties, James Yoo
Based on information from California Regional Multiple Listing Service, Inc. as of 07/21/2023 and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Listing Information © 2024 California Regional MLS. All Rights Reserved.

Learn more about this property

Request edits for this property

By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from unrealestate.com and others about your inquiry and other home related matters, but not as a condition of any purchase.
*By checking this box, I confirm that I am the legal owner of the property listed. Please note, all information is verified for accuracy per U.S. real estate regulations, and submissions from non-owners cannot be processed.

Properties near 1824 S Highland Avenue

View Los Angeles, CA 90016 property

$2,699,000

285 days ago

12 Beds · 5,247 Sq. Ft.

3045 Wellington Road
Los Angeles, CA 90016

23296649 MLS ID

View Los Angeles, CA 90035 property

$2,098,000

311 days ago

4,912 Sq. Ft.

6106 Cashio Street
Los Angeles, CA 90035

ML81934143 MLS ID

View Los Angeles, CA 90019 property

$2,450,000

408 days ago

12 Beds · 5,368 Sq. Ft.

947 S St Andrews Place
Los Angeles, CA 90019

23256817 MLS ID

View Los Angeles, CA 90007 house

$2,895,000

321 days ago

12 Beds · 8 Baths · 4,313 Sq. Ft.

1470 W Adams Boulevard
Los Angeles, CA 90007

23284183 MLS ID

Unreal Estate stacked logo

info@unrealestate.com

(866) 534-3726

About

BuySellMortgageAgentsCompany

Resources

Find a HomeGet Listed on the MLSBlogSubmit an OfferRequest a ShowingFeedback

Legal

Terms of ServicePrivacy PolicyLicenses & Disclosures

Updated January 2023: By using this website, you agree to our Terms of Service, and Privacy Policy.

⁠Unreal Estate holds real estate brokerage licenses under the following names in multiple states and locations:
Unreal Estate LLC (f/k/a USRealty.com, LLP)
Unreal Estate LLC (f/k/a USRealty Brokerage Solutions, LLP)
Unreal Estate Brokerage LLC
Unreal Estate Inc. (f/k/a Abode Technologies, Inc. (dba USRealty.com))
Main Office Location: 1500 Conrad Weiser Parkway, Womelsdorf, PA  19567
California DRE #01527504
New York § 442-H Standard Operating Procedures
TREC: Info About Brokerage Services, Consumer Protection Notice

UNREAL ESTATE IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT.

If you are using a screen reader, or having trouble reading this website, please call Unreal Estate Customer Support for help at 1-866-534-3726 
Open Monday – Friday 9:00 – 5:00 EST with the exception of holidays.

*See Terms of Service for details.

LinkedIn Social IconInstagram social iconFacebook social icontwitter social iconYoutube Social Icon

© 2023 Unreal Estate Inc. All Rights Reserved.

Unreal Estate certified trust badge
LinkedIn Social IconInstagram social iconFacebook social icontwitter social iconYoutube Social Icon