We are pleased to present a fourteen (14) unit apartment building located at 5952-5960 Benner Street in Los Angeles, California. The subject property is situated in a prime Highland Park location, north of Arroyo Seco Parkway and east of S Avenue 60.Highland Park is a high density rental market adjacent to Eagle Rock, Pasadena, and Montecito Heights. These surrounding submarkets are major employment centers for the demographic that resides in Highland Park, and make it a very commutable area for its residents. Between Highland Park’s two (2) main streets (York Boulevard and Figueroa), you will frequently find neighborhood coffee shops, thrift stores, and new nightlife establishments booming with life. This submarket’s tree-lined residential streets mix with a walkable urban culture, but it is also known for its commuter friendly transportation hubs and thoroughfares. The Metro is an at-grade light rail station near the intersection of North Avenue 57 at Marmion Way (one block north of North Figueroa Street). It is the first station on the line going west toward Atlantic station that’s in the city of Los Angeles. Highland Park has just as many contemporary landmarks as it does ones that predate the neighborhood’s distinction as one of Los Angeles’ hippest locations. Built in 1959 and 1961, this property consists of a ideal unit mix of six (6) one-bedroom / one-bathroom units, three (3) two-bedroom / one-bathroom units, two (2) two-bedroom / one-and-a-half-bathroom units, and three (3) two-bedroom / two-bathroom units. Select units have been renovated with new appliances, flooring, air conditioning, and more. The property is gated and secure, featuring easily maintained landscaping and a large center courtyard perfect for tenant enjoyment. An on-site laundry facility is available. The property is equipped with fourteen (14) on-site parking spaces with potential to build into several ADU unit(s) given the property has two (2) separate parcels and may allow a path through SB1211 to nearly double the unit count. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as The Lodge Room, Highland Park Bowl, Kitchen Mouse Cafe, The Offbeat, and Hermon Park. Positioned in a prime Highland Park Location, this offering presents an exceptional opportunity for an investor to capitalize on a large, rare corner double-lot with two (2) separate APNs in a low velocity submarket.
Property Details
Price:
$4,250,000
MLS #:
24462297
Status:
Active
Baths:
0
Address:
5960 Benner Street
Type:
Residential Income
Neighborhood:
632highlandpark
City:
Los Angeles
Listed Date:
Nov 11, 2024
State:
CA
ZIP:
90042
Lot Size:
7,839 sqft / 0.18 acres (approx)
Year Built:
1961
See this Listing
Mortgage Calculator
Schools
Interior
Heating
Wall Furnace
Exterior
Parking Features
Private, Parking Space
Parking Spots
0.00
Security Features
Gated Community
Financial
Map
Community
- Address5960 Benner Street Los Angeles CA
- Area632 – Highland Park
- CityLos Angeles
- CountyLos Angeles
- Zip Code90042
Similar Listings Nearby
- 164 N Oak Knoll Avenue
Pasadena, CA$5,500,000
4.11 miles away
- 629 E Elk Avenue
Glendale, CA$5,375,000
4.16 miles away
- 2649 Marengo Street
Los Angeles, CA$5,295,000
3.73 miles away
- 840 Fair Oaks Avenue
Pasadena, CA$5,098,000
4.19 miles away
- 281 S Avenue 52
Los Angeles, CA$4,888,888
0.62 miles away
- 327 Riverdale Drive
Glendale, CA$4,850,000
4.65 miles away
- 1710 N Sierra Bonita Avenue
Pasadena, CA$4,740,000
4.57 miles away
- 405 N Marengo Avenue
Pasadena, CA$4,475,000
3.88 miles away
- 2512 Berkeley Avenue
Los Angeles, CA$4,249,000
4.72 miles away
Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
5960 Benner Street
Los Angeles, CA
LIGHTBOX-IMAGES