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Property Description

Exceptional investment or house-hacking opportunity in LA's hottest neighborhood, Highland Park. Located just moments from the premier intersection of York and Figueroa and the Arroyo, this character 1940's triplex consists of three attached, well-proportioned 2-bedroom, 1-bathroom units, totaling 2,454 square feet of interior living space, plus a separate 3-car garage with two laundry closets. The property is situated on an expansive 7,527-square-foot professionally landscaped corner lot, providing an unusual amount of privacy and space for a dense urban submarket. Each individual unit features a comfortable living room, dining area, original hardwood floors, sizeable bedrooms, a dedicated private outdoor space (one unit has a lawn), and its own garage. Gas and electricity are separately metered for each unit. Positioned for strong rental demand, residents enjoy immediate proximity to the neighborhood's trendiest boutique shopping, dining, and entertainment, along with effortless commuting via the nearby Metro A Line (formerly Gold Line) station and the 110 freeway. Perfect for an owner-user looking to utilize residential financing while letting tenant income offset the mortgage, or for a seasoned investor looking to capture strong market rents and build equity in one of Northeast Los Angeles' most competitive zip codes. All tenants are month-to-month (all units are tenant-occupied), with strong upside potential in rents. Check with your contractor about the possibility of adding an ADU or other potential development. Please do not disturb the tenants. Property will be shown with a written offer. Roofs were recently replaced.

Overview

Property Status
For Sale
Lot Size
7,502 Sq.Ft.
MLS ID
26839947
Property Type
Multi-Family
Year Built
1947

Features & Amenities

Neighborhood
Highland Park
Architecture Styles
Traditional
Stories
1
Pool
None
Roof
Composition
Lot Features
Back Yard, Landscaped, Lawn, Lot-Level/Flat
Parking
Driveway, Garage
Heat Type
Floor Furnace, Wall
Air Conditioning
Wall/Window
Laundry Room
In Closet, Garage
Fireplace
None
Appliances
Garbage Disposal, Refrigerator, Range/Oven, Dryer, Washer
Sewer
In Connected and Paid
Sales Price
$1,148,000
Zoning
LARD2

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6720 Ferrara St

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for your interest in 6720 Ferrara St, Los Angeles, CA 90042

6720 Ferrara St
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6720 Ferrara St

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