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    5670 Ash St Highland Park, CA 90042

    Sponsored
    For Sale
    $5,300,000

    24-unit building, prime Highland Park location.

    Property size:
    18,658 SF

    Property Features for 5670 Ash St

    General Information

    Property type
    Multifamily properties
    Square Feet
    18,658 SF
    Price / Square Foot
    $284
    Class
    C
    Elevators
    N/A
    Lot Size
    20,038 SF
    Occupancy
    100%

    Building Details

    Year Built
    1964
    Stories
    2
    Units
    24

    Overview

    Highland Park Apartment Complex

    This 24-unit apartment building is located in the Highland Park neighborhood of Los Angeles, California. Constructed in 1964, the property includes seventeen one-bedroom/one-bathroom units and seven two-bedroom/one-bathroom units. Select units have been renovated with updated appliances and flooring. The gated and secure property features maintained landscaping and a central courtyard. An on-site laundry facility generates an additional $14,400 in annual income. There are twenty-four on-site parking spaces, twelve of which are located under the building, presenting a potential opportunity for the development of additional dwelling units (ADUs) utilizing the existing structure. Situated three blocks southwest of York and Figueroa, residents have access to restaurants, nightlife, 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. Its location near employment centers in Eagle Rock, Pasadena, and Montecito Heights, combined with access to public transportation via a nearby Metro light rail station, makes it a desirable location for renters. The property is currently 100% occupied.

    We can help!

    Listing Contact
    John Dowd

    Learn more

    Property Insight Report

    HighLights

    • Prime Highland Park location, three blocks from York & Figueroa intersection.
    • 24‑unit building with 17 one‑bedroom/one‑bathroom and 7 two‑bedroom/one‑bathroom units.
    • Gated, secure property with on‑site laundry adding $14,400 annual income and 24 parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Investment properties

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Highland Park
    State
    California
    Longitude
    -118.195077
    Latitude
    34.114169

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    FAQs

    What type of property is this?
    Multifamily property - 24-unit building, prime Highland Park location.
    Where is this multifamily property located?
    The property is located at 5670 Ash St Highland Park, CA.
    What is the asking price?
    The asking price for this property is $5,300,000.
    What are key features of this property?
    This property features: Prime Highland Park location, three blocks from York & Figueroa intersection.; 24-unit building with 17 one-bedroom/one-bathroom and 7 two-bedroom/one-bathroom units.; Gated, secure property with on-site laundry adding $14,400 annual income and 24 parking spaces.
    (310) 993-4983
    Request Owner's contact information
    5670 Ash St Highland Park, CA 90042
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    Highland Park, CA 90042
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5670 Ash St Highland Park, CA 90042
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    We can help!
    Listing Contact
    John Dowd
    (310) 993-4983
    Learn more
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