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5920 Benner St, Los Angeles, CA 90042
$1,420,000
5920 Benner St, Los Angeles, CA 90042View this property at 5920 Benner St, Los Angeles, CA 90042
5920 Benner StLos AngelesCA90042
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Property Description
Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms that would be a perfect office, making this highly conducive to tenants who work from home. Great tenants, well managed, and rents average $2,166/month per unit, making this an excellent investment in a stellar location. All units have only 1 or 2 tenants each, there are no long term tenants, and these units generally turn over every few years. The property is easy to manage, has low expenses, partial copper plumbing, and a good roof. There is a front yard area with communal lounge furniture, garden plots and BBQ grill where tenants can keep plants, hang out, and feel at home. The property is located just south of Figueroa on a quiet street near the 110 Freeway. It is walkable to all the hotspots on Figueroa, as well as nearby parks, the Metro Gold Line, and so much more. The median single family home price in Highland Park is now $1,138,000, making this an extremely high barrier to entry area and extremely popular among high earning renters.
Full Property Details
Full Property Details for 5920 Benner St
General
- Sold For: $1,420,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 24-358619
- Added to Site: 76 day(s) ago
Interior
- Rooms/Areas: Office
- Interior Features: Turnkey
- Cooking Appliances: Microwave, Oven-Gas
- Flooring: Laminate
Rooms
Bathrooms
- Total Bathrooms: 4
- Bathroom Features: Low Flow Toilet(s), Low Flow Shower(s), Remodeled, Shower Over Tub, Tile
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
- Security/Safety: Smoke Detector, Carbon Monoxide Detector(s)
- Other Features: None
Exterior
- Deck/Patio: None
Parking
- Garage Description: Tandem, Uncovered
Location
- Area: Highland Park
- County: Los Angeles
- Driving Directions: Located in Highland Park between Figueroa and the 110 Freeway, cross street is Avenue 60.
School Information
- School District: Los Angeles Unified
Heating & Cooling
- Cooling Type: Wall/Window, Ceiling Fan
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Exterior Const.: Stucco
- Basement Desc.: Raised
- Foundation: Raised
- Roof: Composition, Shingle
- Disability Access: None
- Stories/Levels: 2
- Square Feet: 3,224
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1948
- Year Built Source: Vendor Enhanced
- Property Condition: Updated/Remodeled
- Other Struct. Feat.: Partial Copper Plumbing
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.1286
- Lot Size: 5601
- Lot Size Source: Vendor Enhanced
- Zoning: LARD1.5
Financial Considerations
- Price Per Sq. Ft.: $449.75
- Price Per Unit: 362500
- Assessment Year: 1948
- Owner Pays: Water
- Tenant Pays: Gas, Electricity, Trash Collection
Disclosures and Reports
- Disclosures/Reports: Rent Control
- APN: 5492-019-006
Listed by Equity Union, Dana Coronado and Equity Union, Charlie Coronado
Sold by Roni Raczkowski Real Estate, Roni Raczkowski
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Schools
Schools serving 5920 Benner St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5507 Bushnell Way, Los Angeles, CA 90042 | K-5 | 0.4 mi | |
Luther Burbank Middle School Arts/Technology/Community Magnet
6460 N Figueroa St, Los Angeles, CA 90042 | 6-8 | 0.9 mi | |
820 N Avenue 54, Los Angeles, CA 90042 | 9-12 | 0.8 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5920 Benner St
Date
Details
Price
Change
Source
3/29/2024
Sold
$1,420,000
-2.07%
MLS
2/15/2024
Listed
$1,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
5920 Benner St, Los Angeles, CA 90042 (MLS# 24-358619) is a Multi-Family property that was sold at $1,420,000 on March 29, 2024. Want to learn more about 5920 Benner St? Do you have questions about finding other Multi-Family real estate for sale in Highland Park? You can browse all Highland Park real estate or contact a Coldwell Banker agent to request more information.