5670 Ash St Highland Park, CA 90042

This exceptional 24-unit apartment building is situated at 5670 Ash Street in the vibrant Highland Park neighborhood of Los Angeles, California. Built in 1964, the property boasts a desirable unit mix of seventeen one-bedroom/one-bathroom units and seven two-bedroom/one-bathroom units. Select units have undergone renovations, featuring updated appliances and flooring. The property is gated and secure, offering residents a peaceful environment enhanced by easily maintained landscaping and a spacious central courtyard. An on-site laundry facility generates an additional $14,400 in annual income. Ample parking is provided with twenty-four on-site spaces, twelve of which are conveniently located under the building. This unique feature presents a potential opportunity for the development of additional dwelling units (ADUs) utilizing the existing structure. The property's location is highly advantageous, just three blocks southwest of York and Figueroa, placing residents within easy reach of numerous trendy restaurants, nightlife venues, and entertainment options, including The Lodge Room, Highland Park Bowl, Kitchen Mouse Cafe, The Offbeat, and Hermon Park. The property sits on a 0.46-acre lot and totals 18,658 square feet. The building's proximity to major employment centers in Eagle Rock, Pasadena, and Montecito Heights, combined with convenient access to public transportation (nearby Metro light rail station), makes it a highly desirable location for renters. This presents a rare investment opportunity in a low-velocity submarket with significant upside potential. The property currently enjoys 100% occupancy.