1824 S Highland

Mid-City
Fourplex

Gorgeously updated, 100% separately metered fourplex located in a red hot pocket of Mid-City with new constructions selling for well above $3 million! Already fully stabilized at an outstanding 4.51% with kind and responsible tenants. Owner pays no utilities!

List Price:
Cap Rate:

GRM:

Bldg. Size:
Unit Mix:

Highlights:

$2,199,000
4.51% (current)
4.94% (pro forma)

16.40 (current)
15.27 (pro forma)

4,708 sqft
2x 3b/2b
2x 3b/1.5b

Separately metered utilities
Fully stabilized!
2 units fully remodeled in 2021
Each unit has washer/dryer
Potential for 1 or 2 ADU’s
Large units close to 1,200 sqft
New stainless steel appliances
4 garage parking spaces
Prime Mid-City location
 

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The Neighborhood

Under 10-Minute Walk

Hollywood Night Market, Menchitas, Simply D’s LA, Roscoe's Chicken and Waffles, Midtown Shopping Center, Olive Garden Italian Restaurant, Wingstop, Subway, Jamba Juice, Five Guys

Under 5-Minute Drive

Sprouts, Starbucks, Target, Planet Fitness, Ralphs, CVS, Ulta Beauty, Westside Boxing Club, Spaccio Salumeria, Pips on La Brea, L.A. Grind Coffee And Tea Bar, Pacific French Bakery, Tartine West Adams, Alta, Mizlala, Delicious Pizza, The Underground Museum, Vees Cafe, Infinity Room, Farmhouse Kitchen

Under $10 Uber Ride

Downtown Culver City, Ivy Station, The Culver Steps, Trader Joes, Equinox, Amazon Studios, The Culver Hotel, Sony Pictures, Midtown Shopping Center, The Grove, LACMA, The Farmer’s Market, El Rey Theatre, Pasta Sisters,The Mint, Akasha, Public School, The Mandrake

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Submit your offers now!

  • All units separately metered for gas, electric AND water! A rare find!

  • The closest thing you’ll find to a new construction property without having to pay over $3 million!

  • Fully stabilized and earning an exceptional 4.51% cap rate!

  • 2 units just underwent upscale floor to ceiling renovations and rented for a premium!

  • Potential for 1 or 2 ADU’s! Would add tremendous value!

  • Premium location minutes on foot to Sprouts, Target, the Midtown Shopping Center and more.

  • Boasts responsible tenants that pay on time!

  • All units are extremely spacious (close to 1,200 SF)

  • Washer/dryers in each unit!

  • Stainless steel kitchen appliances in 2 of the 4 units!

  • Gorgeous units that blend the charm and character of the early 1900’s with upscale modern elements!

  • Moments from mixed-use developments such as Ivy Station (HBO headquarters), the Cumulus Development (Whole Foods), and the Culver Steps (Amazon Studios).