5927 Benner Street

    Los Angeles (City), CA 90042
    • $2,640,000
    • STATUS: Active
    • ON SITE: 41 days
    • ID#: 19466048
    UPDATED: 33 min ago
    $2,640,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,256
      SQFT
    • $364
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1964
    County:

    School Ratings & Info

    Description

    Incredibly rare opportunity to acquire eight (8) spacious units in prime Highland Park! This offering is comprised of two sister buildings, 5927 Benner St & 5931 Benner St (two separate APNs) with four (4) units each on a sizable double lot. Built in 1964, the properties feature eight (8) 2BD+1BA units that average 907 SF each and include large patios for all units. The buildings have copper plumbing and upgraded electrical, brand new exterior paint, landscaping, etc. Additionally, there are eight (8) detached carport parking spaces with locked storage located at the rear of the property behind the shared gated driveway. As an added bonus, four (4) units will be delivered VACANT! 2 units are vacant/remodeled and being held for the new owner, and 2 are currently owner occupied. 1st time on the market in 20+ years! Market CAP of 6.24% and Market GRM of 11.76!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.hellerthehomeseller.com/homes/94751022

    5927 Benner Street Los Angeles (City), CA 90042

    • Price: $2,640,000
    • Status: Active
    • Updated: 33 min ago
    • ID#: 19466048
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    7,256
    SQFT
    $364
    $/SQFT
    1964
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    Incredibly rare opportunity to acquire eight (8) spacious units in prime Highland Park! This offering is comprised of two sister buildings, 5927 Benner St & 5931 Benner St (two separate APNs) with four (4) units each on a sizable double lot. Built in 1964, the properties feature eight (8) 2BD+1BA units that average 907 SF each and include large patios for all units. The buildings have copper plumbing and upgraded electrical, brand new exterior paint, landscaping, etc. Additionally, there are eight (8) detached carport parking spaces with locked storage located at the rear of the property behind the shared gated driveway. As an added bonus, four (4) units will be delivered VACANT! 2 units are vacant/remodeled and being held for the new owner, and 2 are currently owner occupied. 1st time on the market in 20+ years! Market CAP of 6.24% and Market GRM of 11.76!
    Exterior Features

    Carport Spaces 8.00 Lot Features Sprinklers None Lot Size Source Assessor Lot Size Units Square Feet Parking Features Detached Carport Parking Total 8.00 Parking YN Yes

    Interior Features

    Appliances None Appliances YN No Laundry Features None

    Property Features

    Cap Rate 4.80 Country Us Gross Multiplier 14.29 Gross Operating Income 177373.00 Insurance Expense 3628.00 Laundry YN No Maintenance Expense 6467.00 Net Operating Income 126779.00 Other Expense 1500.00 Special Listing Conditions Standard Total Expenses 50595.00 Water Sewer Expense 6000.00 Zoning Lard2

    Listing provided courtesy of Dana Coronado of Keller Williams Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-06-25T19:36:45.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
    Heller The Home Seller | Keller Williams Realty
    171 Saxony Road, Ste. 205
    Encinitas CA, 92024