1817 South Highland Avenue

Los Angeles, CA 90019

$1,690,000
Last Sold Price
6
Beds
6
Baths
3,479 Sq. Ft.
$486 / Sq. Ft.
3,479
Sq. Ft.
$486
per Sq. Ft.

Description

An exciting investment a completely renovated 6-unit, modern complex zoned RD1.5 and is located in an opportunity zone. Complete transformed in late 2017, the property has six (6) 1 bedroom/ 1 bath units - all spacious and bright. The units have new and recently serviced stainless steel appliances. Four units have their own garage. The units are individually metered for both gas and electricity. All have similar sizes and attractive floor plans. This fantastic, trophy property, situated in a fantastic,...An exciting investment a completely renovated 6-unit, modern complex zoned RD1.5 and is located in an opportunity zone. Complete transformed in late 2017, the property has six (6) 1 bedroom/ 1 bath units - all spacious and bright. The units have new and recently serviced stainless steel appliances. Four units have their own garage. The units are individually metered for both gas and electricity. All have similar sizes and attractive floor plans. This fantastic, trophy property, situated in a fantastic, central location, is full of opportunity. Wonderful tenants. Incredible rent comps are being achieved in this neighborhood, driven largely by the talent from the surrounding medical and tech hubs providing high-paying, stable employment. Just a few blocks from Target and Sprouts Market. Centrally located in Mid-City with easy access to Downtown, beaches, LACMA and Hollywood. See DOCS Section for OM
  1. Listed by Jeremy Kaiser • DRE #01725819 • Brokerage DRE #01834648 • Backbeat Homes
  2. Listed by Alyse Livingston • DRE #01968030 • Brokerage DRE #01834648 • Backbeat Homes

Property Details for 1817 South Highland Avenue

Zoning
LARD1.5
Parcel Number
5067013004
Total Units
6.0
Living Area
3479
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
0
Lot Size Area
6243

Location

Listing Courtesy of Backbeat Homes, Jeremy Kaiser, DRE #01725819; Backbeat Homes, Alyse Livingston, DRE #01968030

Sold By GAIA, Nicolas Yoon, DRE #02153694; GAIA, A. Jessica Shin, DRE #02073348

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LISTING UPDATED: 04/14/2023 06:40 PM

Property Details for 1817 South Highland Avenue

StatusSold
MLS #23-231931
Days on Market11
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1947
Lot Size0.14 AC / 6,243 SF
CountyLos Angeles County

Location

Listing Courtesy of Backbeat Homes, Jeremy Kaiser, DRE #01725819; Backbeat Homes, Alyse Livingston, DRE #01968030

Sold By GAIA, Nicolas Yoon, DRE #02153694; GAIA, A. Jessica Shin, DRE #02073348

Add your commute

Building Information for 1817 South Highland Avenue

Stories2Residences-Year Built1947Building Size-Lot Size0.14 AC / 6,243 SF

Payment Calculator

$11,446 per month

30 year fixed, 7.25% Interest

Principal and Interest

$9,223

Property Taxes

$2,223

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1817 South Highland Avenue

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: 1 Bed 1 Bath
  • View: Yes
  • View Description: Other
  • Property Condition: Updated/Remodeled
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $126,721
  • Net Operating Income: $86,765.00
  • Gross Income: $129,300
  • Cap Rate: 5.26%
  • Gross Rent Multiplier: $12.76
  • Actual Annual Gross Rent: $126,721.00
  • Other Income1: $126,721.00
  • Garage Income: $215
  • Actual Rent Total: $126,720.00
  • Financial Info as Of: 03/13/2023
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 39956
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1433
  • Lot Size Square Feet: 6243
Parking Details
Parking Details
  • Parking Garage: Garage Is Attached
  • Total Parking: 4
  • Covered Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: Yes
Interior Features
Interior Features
  • Cooling Type: Air Conditioning
  • Heating Type: Other
  • Flooring: Laminate, Tile, Mixed
  • Equipment: Refrigerator, Range/Oven
  • Laundry: Community
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-13-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,600.00
  • Unit Actual Rent: $1,600.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,625.00
  • Unit Actual Rent: $1,625.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,895.00
  • Unit Actual Rent: $1,895.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $735,824.00
  • Assessed Improvement Percent: 35.0
  • Assessed Land Value: $1,366,531.00
  • Assessed Land Percent: 65
  • Assessed Total Value: $2,102,355.00

Property History for 1817 South Highland Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1817 South Highland Avenue

Taxable ValueLand$1,393,861Additions$750,540Total$2,144,401
Tax Record2023$26,671 ($2,223 / month)
Home Facts
Total Finished SqFt3,479 SqFtAbove Grade Finished SqFt3,479 SqFtLot Size6,243 SqFtStyleMulti-Family Res (5+ Units)Year Built1947ZoningLARD1.5CountyLOS ANGELESAPN5067-013-004

Schools near 1817 South Highland Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Alta Loma Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Backbeat Homes, Jeremy Kaiser, DRE #01725819; Backbeat Homes, Alyse Livingston, DRE #01968030

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.