5323 Monte Vista St 4 Unit Apartment Building $2,093,880 CAD ($523,470 CAD/Unit) 6.06% Cap Rate Los Angeles, CA 90042

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 comprises two one-bedroom, one-bath units and two 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 the upgrade of electrical and plumbing systems, as well as the installation of a new deck. The property also features a spacious front porch, an upstairs balcony, a gated front yard, an extra-long driveway, and individually metered utilities.

Located in the vibrant Highland Park neighborhood of Los Angeles, this fourplex offers the perfect blend of urban convenience and trendy living. Just a short stroll from the bustling attractions of Figueroa Street and York Boulevard, residents can enjoy easy access to a variety of shops, restaurants, and entertainment options. The Metro Highland Park Gold Line station is only a half-mile away, providing seamless connectivity to the rest of the city. Additionally, the property is conveniently located near the 110, 5, and 134 Freeways, making commutes to Eagle Rock, Mount Washington, Garvanza, Downtown LA, Pasadena, Dodger Stadium, Rose Bowl Stadium, and Occidental College a breeze.

New ownership can capture the remaining loss to lease and benefit from a stable, cash-flowing investment in one of LA’s fastest-growing submarkets.