5622 Raber Street

Los Angeles, CA 90042

$2,200,000
Price
8
Beds
8
Baths
3,189 Sq. Ft.
$690 / Sq. Ft.
3,189
Sq. Ft.
$690
per Sq. Ft.

Description

Gorgeously Redesigned 3-Unit Rental Property in Prime Highland Park Location. An incredible investment opportunity awaits with three stunning buildings on one lot in the heart of Highland Park. Offering nearly 3,200 sq ft of combined living space, this property is situated on a quiet street just above York Boulevard, close to Eagle Rock and South Pasadena. Trendy restaurants, shopping, and entertainment are only minutes away, providing the perfect blend of urban convenience and the charm of a private...Gorgeously Redesigned 3-Unit Rental Property in Prime Highland Park Location. An incredible investment opportunity awaits with three stunning buildings on one lot in the heart of Highland Park. Offering nearly 3,200 sq ft of combined living space, this property is situated on a quiet street just above York Boulevard, close to Eagle Rock and South Pasadena. Trendy restaurants, shopping, and entertainment are only minutes away, providing the perfect blend of urban convenience and the charm of a private retreat. This unique property features three separate buildings: the front unit offers 3 beds, 3 baths; the middle unit offers 2 beds, 2 baths; and the rear building is a spacious two-story 3 bed, 3 bath, with each bedroom as an en-suite master. Every unit has been beautifully updated with brand-new stainless steel appliances, in-unit washers and dryers, and sleek, modern finishes. With exceptional curb appeal and location, this property is a fantastic opportunity for investors seeking a high-quality asset in one of LA's most desirable neighborhoods. Don’t miss out on this rare Highland Park gem!
  1. Listed by John Kim • DRE #01744170 • Brokerage DRE #01978349 • Keller Williams SELA • 818-357-8680

Property Details for 5622 Raber Street

Parking Spaces Total
6
Private Pool
No
Cooling Type
Central Forced Air
Total Units
3.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
3189
Assessor Parcel Number
5485-001-008
LISTING UPDATED: 11/20/2024 07:33 AM

Property Details for 5622 Raber Street

StatusActive
MLS #DW24234287
Days on Market37
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1912
Lot Size0.15 AC / 6,647 SF
CountyLos Angeles County

Building Information for 5622 Raber Street

Stories2Residences-Year Built1912Building Size-Lot Size0.15 AC / 6,647 SF

Property Information for 5622 Raber Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas
Income / Expense / Tax Details
Income Details
  • Gross Income: $144,000
  • Gross Scheduled Income: $144,000
  • Net Operating Income: $111,700
Expense Details
  • Operating Expense: $32,300
  • New Taxes Expense: $24,000
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $3,300
  • Workmans Compensation Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $5,000
  • Total Expenses: $32,300
Tax / Assessment Info
  • Tax Block: S
  • Tax Tract Number: 0
  • Tax Census Tract: 1832.21
  • CFD/Mello-Roos Fee: $315
  • Tax Lot: 8
Community / Development
Community / Development
  • Community Features: Hiking, Park, Suburban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Dryer Included, Gas Dryer Hookup, Inside, Stackable, Washer Hookup, Washer Included
  • Cooling: Central Air
  • Heating Type: Forced Air
  • Heating: Forced Air
  • Heat Equipment: Forced Air Unit
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Green Info
  • Green Energy Efficient: Appliances, Doors, HVAC, Insulation, Lighting, Roof, Thermostat, Water Heater, Windows
Land/Lot Info
  • Lot Features: Lot 6500-9999, Sprinkler System, Sprinklers Timer
  • Number Of Units: 3
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One, Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 6
  • Open Other Spaces Total: 6
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $4,000
  • Unit Type Total Rent: $4,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,500
  • Unit Type Total Rent: $3,500
  • Unit Type Pro Forma: 3500
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $0
  • Unit Type Pro Forma: 4500
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 3
  • Number Of Separate Electric Meters: 3
  • Number Of Separate Gas Meters: 3
  • Number Of Separate Water Meters: 1
  • Number With Dishwasher: 3
  • Number With Range: 3
  • Number With Refrigerator: 3
  • Number With Disposal: 3
  • Number With Patio: 1

Property History for 5622 Raber 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 5622 Raber Street

Taxable ValueLand$657,900Additions$219,300Total$877,200
Tax Record2024$10,838 ($903 / month)
Home Facts
Total Finished SqFt1,854 SqFtAbove Grade Finished SqFt1,854 SqFtLot Size6,645 SqFtStyleDuplexYear Built1912ZoningLAR1CountyLOS ANGELESAPN5485-001-008

Schools near 5622 Raber 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 - 6 to 8
Rating
School
Distance
Yorkdale Elementary School
PublicK to 5

Benjamin Franklin Senior High School
Public6 to 12

Highland Park Continuation School
Public9 to 12

Luther Burbank Middle School
Public6 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

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.

5622 Raber Street is a multi-family home for sale in Los Angeles, CA 90042. This property was listed for sale on November 14, 2024 by Keller Williams SELA, it's currently listed at $2,200,000. It has been on the market for a total of 37 days and was last sold on May 16, 2023. This listing's school district is Los Angeles Unified School District. Nearby schools include Yorkdale Elementary School, Benjamin Franklin Senior High School and Highland Park Continuation School. 5622 Raber Street is a 8-bed, 8-bath, 3,189 sqft multi-family home built in 1912.

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 Keller Williams SELA, John Kim, DRE #01744170

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.