4551 Huntington Drive

Los Angeles, CA 90032

$975,000
Price
4
Beds
3
Baths
2,196 Sq. Ft.
$444 / Sq. Ft.
2,196
Sq. Ft.
$444
per Sq. Ft.

Description

Multi-family dream site! This triplex is located in the Rose Hill neighborhood of Montecito Heights and is waiting for a new owner to maximize this property's potential. This street-to-street lot (Beryl St and Huntington Dr. N.) provides a great income opportunity or future development site (up to 7 units can be built - buyer to verify). It also suits an owner-investor who wants to live in one of the units while deriving income. Two units will be delivered vacant at the close of escrow, which means...Multi-family dream site! This triplex is located in the Rose Hill neighborhood of Montecito Heights and is waiting for a new owner to maximize this property's potential. This street-to-street lot (Beryl St and Huntington Dr. N.) provides a great income opportunity or future development site (up to 7 units can be built - buyer to verify). It also suits an owner-investor who wants to live in one of the units while deriving income. Two units will be delivered vacant at the close of escrow, which means market rents can be immediately obtained. The middle unit will remain rented and is currently under rent control. There is ample parking for all the units as the property has driveways on either side. The property is located next to Rose Hill Rec Center and a short distance to Rose Hill Park. Furthermore, it's about 2 miles from USC Keck Medical, LA County Hospital, and about 5 miles from the Huntington Memorial Hospital and Pasadena. Other shops and restaurants are conveniently located in neighboring El Sereno and Highland Park and provide access to everything needed. The area is undergoing recent growth which includes several residential development sites nearby.
  1. Listed by Letty Vermeulen Hernandez • DRE #01773473 • Brokerage DRE #01213498 • Aspire Los Angeles

Property Details for 4551 Huntington Drive

Zoning
LARD3
Style
Traditional
Parcel Number
5305032020
Total Units
3.0
Living Area
2196
Source Living Area
Vendor Enhanced
Area
El Sereno (621)
Vacancy Rate
2 units
LISTING UPDATED: 01/21/2025 04:51 PM

Property Details for 4551 Huntington Drive

StatusActive
MLS #24-454499
Days on Market93
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1963
Lot Size0.14 AC / 6,276 SF
CountyLos Angeles County

Building Information for 4551 Huntington Drive

Stories1Residences-Year Built1963Building Size-Lot Size0.14 AC / 6,276 SF

Property Information for 4551 Huntington Drive

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 1
  • Number Of Buildings: 2
  • Type Of Units: Triplex
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $66,985
  • Net Operating Income: $53,984.00
  • Gross Income: $66,985
  • Cap Rate: 5.40%
  • Gross Rent Multiplier: $14.85
  • Actual Annual Gross Rent: $10,585.00
  • Actual Gross Annual Income: $66,985
  • Actual Rent Total: $10,585.00
  • Vacancy Allow Percent: 66.00%
  • Owner Pays: Other
  • Total Annual Expense: 13000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1441
  • Lot Size Square Feet: 6276
Parking Details
Parking Details
  • Parking Garage: Driveway
  • Total Parking: 6
  • Parking Features: Driveway
Interior Features
Interior Features
  • Room Type: Family Room, Living Room
  • Rooms: Breakfast Area, Family Room, Living Room, Dining Area, Dining Room, Den/Office
  • Levels: One
  • Den: Yes
  • Family Room: 1
  • Dining Room: 1
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Flooring: Wood, Laminate
  • Equipment: Dishwasher, Washer, Range/Oven, Refrigerator, Dryer, Microwave
  • Cooking Appliances: Range, Gas, Microwave
  • Laundry: In Unit
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Patio Features: Brick
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 10-30-2024
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Water
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $882.16
  • Unit Actual Rent: $882.16
  • Unit Projected Rent: $882.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $136,147.00
  • Assessed Improvement Percent: 29.73
  • Assessed Land Value: $321,811.00
  • Assessed Land Percent: 70.27
  • Assessed Total Value: $457,958.00

Property History for 4551 Huntington Drive

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 4551 Huntington Drive

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 6
Charter - 6 to 12
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Huntington Drive Elementary School
PublicK to 6

Los Angeles Leadership Academy
Charter6 to 12

Woodrow Wilson Senior High School
Public9 to 12

Abraham Lincoln Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

4551 Huntington Drive is a multi-family home for sale in Los Angeles, CA 90032. This property was listed for sale on October 29, 2024 by Aspire Los Angeles, it's currently listed at $975,000. It has been on the market for a total of 93 days and was last sold on February 19, 2009. This listing's school district is Los Angeles Unified School District. Nearby schools include Huntington Drive Elementary School, Los Angeles Leadership Academy and Woodrow Wilson Senior High School. 4551 Huntington Drive is a 4-bed, 3-bath, 2,196 sqft multi-family home built in 1963.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Aspire Los Angeles, Letty Vermeulen Hernandez, DRE #01773473

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.