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12 Unit Highland Park | 2 Blocks North of Fig 5629 Monte Vista St 12 Unit Apartment Building $2,906,075 CAD ($242,173 CAD/Unit) 5.65% Cap Rate Los Angeles, CA 90042
Investment Highlights
- Eric Dilanian & The Dilanian Real Estate Advisors are Pleased to Present a 43-Unit Highland Park Apartment Portfolio, Comprised of 3 Buildings!
- Built in 1964 | ±9,599 Square Foot building | ±12,008 Square Feet of Land | Zoned RD1.5-1-HPOZ.
- Offered for sale for the first time in nearly ± 40 years!
- Building 1 of 3: 5629 Monte Vista St | 12 Units in a Prime Location | 2 Blocks North of Figueroa | ADU Potential
- Excellent unit mix consisting of Five (2+2) units, Six (1+1) units, and a 3+2 unit with a private enclosed front yard
- Walk Score of 95 (“Walker’s Paradise”): Steps to Gold Line and neighborhood favorites including Highland Park Bowl, Kitchen Mouse Café, HomeState
Executive Summary
Eric Dilanian with The Dilanian Real Estate Advisors, as part of RE/MAX Commercial & Investment Realty, is proud to present an extremely rare 43-Unit Portfolio opportunity in Highland Park – one of LA’s hottest and sought after sub-markets:
5629 Monte Vista Street, a 12 Unit Mid-Century Building, is 1 of 3 Assets which is offered either individually or as part of the portfolio. Strategically located just two blocks North from Figueroa Street and at the epicenter of Highland Park’s most vibrant retail and dining corridor, the property was built in 1964 and features a substantial ±9,599 Square Foot building situated on ±12,008 Square Feet of land, zoned RD1.5-1-HPOZ. The property offers an excellent unit mix consisting of five (2+2) units, six (1+1) units, and a spacious owner’s 3+2 unit with a private enclosed front yard.
Offered for sale for the first time in nearly ± 40 years, the asset presents a compelling value-add opportunity with a strong basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 95 (“Walker’s Paradise”), residents enjoy immediate access to the Gold Line and neighborhood favorites including Highland Park Bowl, Kitchen Mouse Café, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farm, Villas Tacos, and Jeni’s Ice Cream.
ASSET 2 OF 3: 217 S AVENUE 54 | 90042 (17 UNITS) – See Listing Details
ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) – See Listing Details
**DISCLOSURE:** Buyers are advised to conduct independent thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly.
**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
5629 Monte Vista Street, a 12 Unit Mid-Century Building, is 1 of 3 Assets which is offered either individually or as part of the portfolio. Strategically located just two blocks North from Figueroa Street and at the epicenter of Highland Park’s most vibrant retail and dining corridor, the property was built in 1964 and features a substantial ±9,599 Square Foot building situated on ±12,008 Square Feet of land, zoned RD1.5-1-HPOZ. The property offers an excellent unit mix consisting of five (2+2) units, six (1+1) units, and a spacious owner’s 3+2 unit with a private enclosed front yard.
Offered for sale for the first time in nearly ± 40 years, the asset presents a compelling value-add opportunity with a strong basis and potential to further enhance returns through rental upside and multiple ADU additions. With a Walk Score of 95 (“Walker’s Paradise”), residents enjoy immediate access to the Gold Line and neighborhood favorites including Highland Park Bowl, Kitchen Mouse Café, HomeState, Civil Coffee, The Arroyo Club, Mendocino Farm, Villas Tacos, and Jeni’s Ice Cream.
ASSET 2 OF 3: 217 S AVENUE 54 | 90042 (17 UNITS) – See Listing Details
ASSET 3 OF 3: 820 CHESTNUT AVE | 90042 (14 UNITS) – See Listing Details
**DISCLOSURE:** Buyers are advised to conduct independent thorough due diligence, including but not limited to verification of building square footage, unit count, lot size, legal bedroom/bathroom count, parking count, unit mix, year built, zoning & any Q Conditions, market rents, soft-story compliance, and the feasibility of constructing ADUs, additional units, and/or development feasibly.
**DO NOT DISTURB TENANTS OR WALK ON PROPERTY - DRIVE BY ONLY **
Property Facts
| Price | $2,906,075 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $242,173 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.28 AC |
| Cap Rate | 5.65% | Building Size | 9,559 SF |
| Gross Rent Multiplier | 10.37 | No. Stories | 2 |
| No. Units | 12 | Year Built | 1964 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Price | $2,906,075 CAD |
| Price Per Unit | $242,173 CAD |
| Sale Type | Investment |
| Cap Rate | 5.65% |
| Gross Rent Multiplier | 10.37 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.28 AC |
| Building Size | 9,559 SF |
| No. Stories | 2 |
| Year Built | 1964 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LARD1.5 - Restricted Density Multiple |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 5 | - | - |
| 1+1 | 6 | - | - |
| 3+2 | 1 | - | - |
1 1
Moderately walkable
60/100
Exceptionally drivable
100/100
Good public transit
70/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5469-032-002 | Improvements Assessment | $651,720 CAD |
| Land Assessment | $434,469 CAD | Total Assessment | $1,086,189 CAD |
Property Taxes
Parcel Number
5469-032-002
Land Assessment
$434,469 CAD
Improvements Assessment
$651,720 CAD
Total Assessment
$1,086,189 CAD
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12 Unit Highland Park | 2 Blocks North of Fig | 5629 Monte Vista St
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