We are pleased to present for sale, "The Highland Park Bungalows" a rare 6 Unit Spanish Style Multifamily investment opportunity in North Highland Park one of LA's Hottest Rental Locations! For the first time on the market in 40+ Years, 5726 Aldama St, offers investors a substantial value add opportunity with nearly 135% Upside Potential. 4 of the 6 units are Bungalows each comprised of 2 Bedrooms & 1 Bathroom Units with abundant/secluded yard space! 2 of the 6 units are spacious 1 Bedroom & 1 Bathroom Units situated above garage space. The Highland Park Bungalows are built in 1932/1933 and have a total square footage of 3,878 SF, situated on a lot size of 9,999, and zoned RD2-1-HPOZ. The property is strategically located in a vibrant and lively nightlife scene, minutes to both York & Figueroa's retail corridor which is home to a number of trendy bars, retail, and coffee shops. The Highland Park Bungalows are considered "Very Walkable" with a (87) walk-score, where most errands can be accomplished on foot. This rare opportunity is poised for an astute investor looking to add value on a supply constrained product in a booming area where prices have appreciated Year-over-Year. Minutes to Pasadena, Downtown LA, Eagle Rock, Atwater Village, Silver Lake, Echo Park, "The Highland Park Bungalows" might be a once in a lifetime life opportunity to acquire. Buyer to conduct any/all due diligence including but not limited to the square footage, lot size, and zoning. DO NOT DISTURB TENANT OR WALK ON PROPERTY - DRIVE BY ONLY.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
