9,195 Sqft Lot
9,195 Sqft Lot
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25113841
HOA Y/N No
Year Built 1955
Lot Size 9,195 Sqft
Property Sub-Type Apartment
Property Description
This charming apartment community features the original apartment building consisting of six units built in 1955 and a new detached structure in the rear of the lot consisting of two new Accessory Dwelling Units (ADUs) built in 2024. The unit mix includes:
Unit Mix:
(2) 1-Bedroom + 1-Bath: (ADUs)
(1) 1-Bedroom + 1-Bath
(5) 2-Bedroom + 1-Bath
Construction is wood frame with freshly painted stucco exterior and pitched roof, the property spans approximately ±6,048 square feet on a ±9,195 square foot lot zoned LARD1.5. Originally built as a 6-unit building, the seller has added two newly constructed ADUs, bringing the total unit count to 8. Please note that the additional square footage for the ADUs has not yet been reflected on title.
Most units are tastefully updated with renovated bathrooms, kitchens, attractive laminate flooring, new counter-tops, backsplash, cabinets and include spacious floorplans, closets and storage cabinets. Each unit is individually metered for gas and electricity. Trash service is included in LADWP and billed to tenants. Select units have highly upgraded island kitchens with new modern bathrooms, with recessed lighting throughout the unit.
Recent upgrades that were completed in 2024, coinciding with the ADU construction, include new roof, new Siemens electrical systems and new meters throughout. The solar accompanying the ADU units are owned outright. The driveway rear parking lot and decking has recently been resurfaced, and the property has been upgraded with copper plumbing.
While significant upgrades have been completed, La Prada Vista still offers considerable value-add potential and opportunity to capture substantial untapped rental income. This makes it an exceptional acquisition for investors seeking a well-located asset in a consistently appreciating market.
Nestled just seven miles northeast of Downtown Los Angeles, Highland Park is one of the city's most exciting and fastest-evolving neighborhoods, offering multifamily investors a rare opportunity to capitalize on historically rising rents and strong appreciation. This storied neighborhood has transformed into a vibrant, culturally rich community that artfully blends historic charm with modern urban appeal.
Location
State CA
County Los Angeles
Area 632 - Highland Park
Zoning LARD1.5
Interior
Fireplace No
Laundry Common Area
Exterior
Parking Features Garage
Pool None
Community Features Urban
Total Parking Spaces 4
Private Pool No
Building
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5486005020
Acceptable Financing Cash, Cash to New Loan, Conventional, Contract
Listing Terms Cash, Cash to New Loan, Conventional, Contract
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=iaW2PbSqj8U
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