6051 Hillandale Drive

    Los Angeles (City), CA 90042
    • $2,650,000
    • STATUS: Active
    • ON SITE: 33 days
    • ID#: 19512154
    UPDATED: 73 min ago
    $2,650,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,260
      SQFT
    • $622
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1954
    County:

    School Ratings & Info

    Description

    We are pleased to offer the opportunity to acquire 6051 Hillandale Drive, a six-unit fully renovated apartment community located in a thrivingpocket of Los Angeles. Consisting of two buildings on a 6,713 square foot parcel, the property comprises of two one-bedroom units, and four two-bedroom units.Current Ownership has extensively renovated the property and features thoughtful design details like geometric tile, high-quality flooring, roomy cabinets and shelving, recessed lighting, state-of-the-art appliances, and more. Units also include brand-new heating/cooling systems and washer and dryers. The property is surrounded by lush, eco-friendly landscaping, and boasts a community courtyard perfect for entertaining. 6051 Hillandale provides investors a rare buying opportunity that is well-suited to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.

    Monthly Payment Calculator



    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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 or RE/MAX Masters. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/99105443

    6051 Hillandale Drive Los Angeles (City), CA 90042

    • Price: $2,650,000
    • Status: Active
    • Updated: 73 min ago
    • ID#: 19512154
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,260
    SQFT
    $622
    $/SQFT
    1954
    Built
    Neighborhood:
    632 - Highland Park
    County:
    Los Angeles
    Area:
    632 - Highland Park
    Property Description
    We are pleased to offer the opportunity to acquire 6051 Hillandale Drive, a six-unit fully renovated apartment community located in a thrivingpocket of Los Angeles. Consisting of two buildings on a 6,713 square foot parcel, the property comprises of two one-bedroom units, and four two-bedroom units.Current Ownership has extensively renovated the property and features thoughtful design details like geometric tile, high-quality flooring, roomy cabinets and shelving, recessed lighting, state-of-the-art appliances, and more. Units also include brand-new heating/cooling systems and washer and dryers. The property is surrounded by lush, eco-friendly landscaping, and boasts a community courtyard perfect for entertaining. 6051 Hillandale provides investors a rare buying opportunity that is well-suited to provide a healthy income stream and solid market appreciation as the area continues its upward trajectory.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Garage Parking YN Yes

    Interior Features

    Laundry Features See Remarks

    Property Features

    Cap Rate 4.75 Gross Multiplier 14.50 Gross Operating Income 182700.00 Improvements Amount 238095 Land Value 541129 Laundry YN Yes Net Operating Income 125775.00 Special Listing Conditions Standard Total Expenses 51444.00 Zoning Lard1.5

    Listing provided courtesy of Sean Rosenzweig of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-22T22:35:50.487. 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 or RE/MAX Masters. Licensed in the State of California, USA.
     
    RE/MAX Masters
    475 E. Badillo Street
    Covina CA, 91723