Request Address If Interested, Los Angeles, CA 90042

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Request Address If Interested, Los Angeles, CA 90042

for sale
$ 1,025,000.00
Highland Park Flip 3 Units Zoned LARD1.5

2 Residential Units + Detached Commercial Space

4 bed | 3 bath | 2,028 sq ft | 5,086 sq ft lot

Can Be Delivered Vacant – Email/Call for Access
Please do not contact listing agent
A wonderful opportunity to own a mixed use income property that is zoned LARD1.5 in the trendy, coveted, and highly sought after neighborhood of Highland Park.
This 3 unit property features two residential units on Ruby Place which consist of a 3 bed/1 bath house that has an open concept living/dining area with expansive deck & parking. The other residential unit is a nice sized studio with kitchen, bathroom and parking. The commercial/retail space is a separate building (6566 Figueroa- approximately 650 square feet) located on busy bustling Figueroa with high visibility and foot traffic.
Perfect for a cafe, clothing store, coffee shop, or office.
There is a billboard sign that generates a small yearly stipend. The opportunities are endless with this gem of a property.
Click Here for Interior Pics

Purchase Price: $1,050,000

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6718 San Ramon Dr, Los Angeles, CA 90042, USA

3 bed | 2 bath | 1,666 sq ft | 6,416 sq ft Lot

Purchase Price: $899,000Rehab: $85,000
ARV: $1,175,000Comps:

1006 Aratina St – This home sold $1,305,000 within 53 days. The home is nicely upgraded, but shows that this neighborhood and size house can support prices well over $1.2mil. This should make you feel comfortable at $1.175mil.
912 Rutland Ave – This home sold for $1,175,000 within 9 days ($17,000 above asking price!) all cash back in July 2018. With those details, it should be easy to see our projected ARV is very much in line with 2020 expectations.
947 Larker – This home sold for $1,199,000 in 52 days back in August of 2018. The house is beautifully upgraded, but add2 years of appreciation, our ARV is solid.
969 Larker – This house sold as a fixer for $975. It is currently being remodeled as a flip
955 Larker – Nicely upgraded flip, sold for $1.215mil in March 2020

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