5244 Hub Street

Los Angeles, CA 90042

$2,300,000
Price
6
Beds
3
Baths
2,920 Sq. Ft.
$788 / Sq. Ft.
2,920
Sq. Ft.
$788
per Sq. Ft.

Description

Welcome to this exceptional duplex situated on a peaceful, treelined street in the heart of Highland Park, one of the most desirable areas in LA. This property perfectly combines a tranquil setting with walkable access to the vibrant restaurants, shops, music venues, and galleries that make Highland Park so popular. Nestled in a historic and artistic community, this duplex offers a unique opportunity for both homeowners and investors. The rear unit, 5244, is a beautifully renovated 3 bed, 2 bath...Welcome to this exceptional duplex situated on a peaceful, treelined street in the heart of Highland Park, one of the most desirable areas in LA. This property perfectly combines a tranquil setting with walkable access to the vibrant restaurants, shops, music venues, and galleries that make Highland Park so popular. Nestled in a historic and artistic community, this duplex offers a unique opportunity for both homeowners and investors. The rear unit, 5244, is a beautifully renovated 3 bed, 2 bath home that underwent a complete remodel in 2024. It boasts recessed lighting throughout, a fully updated kitchen, new doors, French patio doors in the living room, and retrofitted windows. Outside, enjoy a private patio with a barbecue area shaded by a guava tree, perfect for outdoor entertaining. Additional upgrades include a tankless water heater, new roof, and enhanced foundation with drainage. The unit also features a private laundry and outdoor parking for three cars, with convenient alley access through a newly installed automatic gate framed by lush bougainvillea plants. The front unit, 5246, is a well-maintained 3 bed, 1.5 bath two story home built in 1996. The bright and inviting interior features a spacious eat in kitchen with wood cabinetry and views of surrounding lemon trees and greenery. Downstairs, a welcoming entryway with an open oak staircase leads to the upper level, where you find three generously sized bedrooms with newly refinished oak floors and a full bathroom. A half bath is conveniently located on the first floor, along with a private laundry room offering ample space for folding and storage. This unit also includes a private 2 car garage with direct street access, adding to its appeal. For investors, this property offers an unparalleled opportunity, as both units will be delivered vacant at the close of escrow, allowing you to set market rents from day one. With its prime location, upgrades and exceptional income potential, this duplex is a rare find in Highland Park and an ideal investment opportunity. Pictures coming soon!
  1. Listed by Mary Chitty • DRE #00946475 • Brokerage DRE #00858724 • Rodeo Realty

Property Details for 5244 Hub Street

Zoning
LAR1
Style
Contemporary
Parcel Number
5478017035
Total Units
2.0
Living Area
2920
Source Living Area
Vendor Enhanced
Area
Highland Park (632)
Vacancy Rate
0
LISTING UPDATED: 11/20/2024 08:45 PM

Property Details for 5244 Hub Street

StatusActive
MLS #24-465751
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1930
Lot Size0.13 AC / 5,836 SF
CountyLos Angeles County

Building Information for 5244 Hub Street

Stories2Residences-Year Built1930Building Size-Lot Size0.13 AC / 5,836 SF

Property Information for 5244 Hub Street

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Duplex
  • Security Features: Automatic Gate
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Financing: Cash, Cash To New Loan
  • Disclosures: Trust/Conservatorship, Rent Control
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $110,000
  • Net Operating Income: $110,000.00
  • Gross Income: $120,000
  • Cap Rate: 3.40%
  • Gross Rent Multiplier: $19.00
  • Owner Pays: Water
  • Total Annual Expense: 40900
  • Water Expense: $2,400.00
  • Tax Expense: $27,500
  • Insurance Expense: $6,000
Land / Lot Info
Land / Lot Info
  • Alley: Yes
  • Paved: Yes
  • Lot Acreage: 0.134
  • Lot Size Square Feet: 5836
Parking Details
Parking Details
  • Parking Garage: Attached, Auto Driveway Gate, Driveway, Converted Garage
  • Total Parking: 7
  • Open Other Spaces Total: 5
  • Garage Spaces Total: 2
  • Parking Features: Auto Driveway Gate, Driveway, Converted Garage
  • Attached Garage: Yes
Interior Features
Interior Features
  • Rooms: Converted Garage
  • Levels: Two, One
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Ceiling Fan
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Flooring: Carpet, Wood, Wood Laminate, Tile
  • Equipment: Ceiling Fan, Gas Or Electric Dryer Hookup
  • Interior Features: Ceiling Fan(s)
  • Common Walls: Detached/No Common Walls
  • Laundry: Room, Outside
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • New Construction: No
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 11-20-2024
  • Listing Terms: Cash, Cash To New Loan
  • Tenant Pays: Cable TV, Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $4,800.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $5,200.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $154,244.00
  • Assessed Improvement Percent: 45.09
  • Assessed Land Value: $187,836.00
  • Assessed Land Percent: 54.91
  • Assessed Total Value: $342,080.00

Property History for 5244 Hub Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5244 Hub Street

Taxable ValueLand$191,592Additions$157,328Total$348,920
Tax Record2024$4,505 ($375 / month)
Home Facts
Total Finished SqFt2,920 SqFtAbove Grade Finished SqFt2,920 SqFtLot Size5,834 SqFtStyleDuplexYear Built1930ZoningLAR1CountyLOS ANGELESAPN5478-017-035

Schools near 5244 Hub Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Public - K to 8
Rating
School
Distance
Buchanan Street Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Highland Park Continuation School
Public9 to 12

Arroyo Seco Museum Science
PublicK to 8

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

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5244 Hub Street is a multi-family home for sale in Los Angeles, CA 90042. This property was listed for sale on November 19, 2024 by Rodeo Realty, it's currently listed at $2,300,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Buchanan Street Elementary School, Benjamin Franklin Senior High School and Highland Park Continuation School. 5244 Hub Street is a 6-bed, 3-bath, 2,920 sqft multi-family home built in 1930.

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 Rodeo Realty, Mary Chitty, DRE #00946475

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.