5670 Ash Street

Los Angeles, CA 90042

$5,300,000
Price
32
Beds
24
Baths
14,959 Sq. Ft.
$354 / Sq. Ft.
14,959
Sq. Ft.
$354
per Sq. Ft.

Description

Marcus and Millichap is pleased to present a twenty-four (24) unit apartment building located at 5670 Ash Street in Los Angeles, California. The subject property is situated in a prime Highland Park location, three blocks southwest from the intersection of York and Figueroa. Highland Park is a high density rental market adjacent to Eagle Rock, Pasadena, and Montecito Heights. These surrounding submarkets are major employment centers for the demographic that resides in Highland Park, and make it a...Marcus and Millichap is pleased to present a twenty-four (24) unit apartment building located at 5670 Ash Street in Los Angeles, California. The subject property is situated in a prime Highland Park location, three blocks southwest from the intersection of York and Figueroa. Highland Park is a high density rental market adjacent to Eagle Rock, Pasadena, and Montecito Heights. These surrounding submarkets are major employment centers for the demographic that resides in Highland Park, and make it a very commutable area for its residents. Between Highland Park's two (2) main streets(York Boulevard and Figueroa), you will frequently find neighborhood coffee shops, thrift stores, and new nightlife establishments booming with life. This submarket's tree-lined residential streets mix with a walkable urban culture, but it is also known for its commuter friendly transportation hubs and thorough fares. The Metro is an at-grade light rail station near the intersection of North Avenue 57 at Marmion Way (one block north of North Figueroa Street). It is the first station on the line going west toward Atlantic station that's in the city of Los Angeles. Highland Park has just as many contemporary landmarks as it does ones that predate the neighborhood's distinction as one of Los Angeles' hippest locations. Built in 1964, this property contains a streamlined unit mix of seventeen (17) one-bedroom / one-bathroom units and seven (7) two-bedroom /one-bathroom units. Select units have been renovated with new appliances, flooring, and more. The property is gated and secure, featuring easily maintained landscaping and a large center courtyard perfect for tenant enjoyment. An on-site laundry facility is available and provides an additional $14,400 per year in income. The property is equipped with twenty-four (24)on-site parking spaces, twelve (12) of which are tuck-under, providing the potential to build out several ADUs using the existing structure. Tenants will love being within a few miles of many trendy restaurants, nightlife, and entertainment options such as The Lodge Room, Highland Park Bowl, Kitchen Mouse Cafe, The Offbeat, and Hermon Park. Positioned in a prime Highland Park Location, this offering presents a rare opportunity for an investor to capitalize on a mid sized deal with upside in a low velocity submarket.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01238010 • Marcus & Millichap
  2. Listed by Kian Maronde • DRE #01952189 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 5670 Ash Street

Zoning
LARD2
Style
Mid-Century
Parcel Number
5469033019
Total Units
24.0
Living Area
14959
Source Living Area
Vendor Enhanced
Area
Highland Park (632)
Vacancy Rate
none
LISTING UPDATED: 01/14/2025 04:02 PM

Property Details for 5670 Ash Street

StatusActive
MLS #25-482813
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.46 AC / 20,006 SF
CountyLos Angeles County

Building Information for 5670 Ash Street

Stories2Residences-Year Built1964Building Size-Lot Size0.46 AC / 20,006 SF

Property Information for 5670 Ash Street

Community / Development
Community / Development
  • Number Of Units: 24
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apts
  • View: Yes
  • View Description: Hills
  • View: Hills
Contract Info
Contract Info
  • Disclosures: Rent Control
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $410,620
  • Net Operating Income: $262,445.00
  • Gross Income: $432,319
  • Cap Rate: 4.95%
  • Gross Rent Multiplier: $12.52
  • Total Annual Expense: 163447
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.4583
  • Lot Size Square Feet: 20006
  • Lot Size Dimensions: 100x200
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport, Carport Attached
  • Total Parking: 23
  • Parking Features: Carport, Attached Carport
  • Attached Garage: Yes
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-14-2025
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,289.00
  • Unit Actual Rent: $1,289.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 17
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,910.00
  • Unit Actual Rent: $1,910.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 7
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $760,368.00
  • Assessed Improvement Percent: 53.03
  • Assessed Land Value: $673,469.00
  • Assessed Land Percent: 46.97
  • Assessed Total Value: $1,433,837.00

Property History for 5670 Ash 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 5670 Ash Street

Taxable ValueLand$673,469Additions$767,568Total$1,441,037
Tax Record2024$19,705 ($1,642 / month)
Home Facts
Total Finished SqFt14,959 SqFtAbove Grade Finished SqFt14,959 SqFtLot Size20,006 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLARD2CountyLOS ANGELESAPN5469-033-019

Schools near 5670 Ash Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - 2 to 5
Public - 6 to 8
Public - 6 to 12
Charter - 6 to 8
Rating
School
Distance
Monte Vista Street Elementary School
Public2 to 5

Luther Burbank Middle School
Public6 to 8

Benjamin Franklin Senior High School
Public6 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.

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5670 Ash Street is a multi-family home for sale in Los Angeles, CA 90042. This listing's school district is Los Angeles Unified School District. Nearby schools include Monte Vista Street Elementary School, Luther Burbank Middle School and Benjamin Franklin Senior High School. 5670 Ash Street is a 32-bed, 24-bath, 14,959 sqft multi-family home built in 1964.

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 Marcus & Millichap, Jason Tuvia, DRE #01772495; Marcus & Millichap, Kian Maronde, DRE #01952189

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.