$2,700,000

6036 Fayette Street, Los Angeles, CA 90042

5,854

Square feet

10,037

Lot Size

9

# Of Units

Listing Agent
Everett Wong - Greysteel California, Inc.

Don't miss this excellent Non-LA rent controlled, value-add investment opportunity delivered with 1 two-bedroom Vacant unit. The property is situated in the heart of the Highland Park submarket, widely regarded as one of the top up-and-coming neighborhoods in all of Los Angeles. The Property features an excellent unit mix of eight (8) two-bedroom units and one (1) one-bedroom unit. There is tremendous upside in rents with current rents roughly half of market. The Property is fully parked with approximately 17 parking spaces located on a sizable 10,038 SF lot . 6036 Fayette Street was constructed in 1989 and is therefore not subject to LA Rent Control-only to California AB 1482 with annual rent increases permitted at 5% + CPI. Highland Park is widely regarded as one of the most up and coming neighborhoods in all of Los Angeles with a booming restaurant and nightlife scene along both York Avenue and Figueroa. The area is strategically located to nearby freeways such as the 110, 134, 2 and the 210 providing excellent access to Downtown LA, Glendale, Silverlake, Echo Park, Pasadena, San Gabriel Valley, and the Inland Empire. *Note - Rent Roll and Financials as shown are calculated with vacant 2-BR achieving market rent of $2,800/month.

Facts & Features

MLS® # 22216621
Price $2,700,000
Bathrooms 0.00
Square Footage 5,854
Lot Size 10,037
Year Built 1989
Type Residential Income
Status Active
# Of Units 9

Community Information

Address 6036 Fayette Street
Area 632 - Highland Park
City Los Angeles
County Los Angeles
State CA
Zip Code 90042

Amenities

Parking Spaces 17
Parking Garage, Tandem
Garages Garage, Tandem
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling Wall/Window Unit(s)
Has Basement No
Fireplace No
# of Stories 2

Additional Information

Date Listed November 8th, 2022
Days on Market 20
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No
HOA Fees 0.00

Listing Details

AgentEverett Wong
OfficeGreysteel California, Inc.

Listing Map

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