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5073 Huntington Dr N | Los Angeles Los Angeles, CA 90032

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For Sale
$1,800,000

15-unit multifamily property with RTI permit in El Sereno.

Property size:
6 SF

Property Features for 5073 Huntington Dr N | Los Angeles

General Information

Size
6 SF

Building Details

Year built
2006
Source: Lee-associates

Listing Agent: Matthew Sullivan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

El Sereno Multifamily Investment Opportunity

Located in the El Sereno neighborhood of Los Angeles, 5073 Huntington Drive is a 6,400 square foot, 15-unit multifamily property. Situated on the northeast corner of Huntington Drive and Portola Avenue, the three-story building is zoned C4 and occupies a 4,500 square foot lot. The unit mix consists of 15 studio units with kitchenettes. Onsite amenities include a laundry room, air conditioning in units, and gated limited uncovered and tuck under parking. Originally permitted and built as 3 affordable units, the property is currently being processed through the City of Los Angeles Unpermitted Dwelling Units program for 15 affordable units. Five units are currently occupied. The property will be delivered with a Ready to Issue (RTI) building permit for 15 units and will include an affordable rental restriction covenant, with rental rate levels to be determined by the Los Angeles Housing Department. The property is intended for use as an apartment building, multifamily property, or residential income property.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.17176
Latitude
34.08935

FAQs

What type of property is this?
Apartment building - 15-unit multifamily property with RTI permit in El Sereno.
Where is this apartment building located?
The property is located at 5073 Huntington Dr N | Los Angeles Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: - Ready to Issue (RTI) building permit for 15 units.; - Property is being processed for 15 affordable units through the City of Los Angeles Unpermitted Dwelling Units program.; - **15 Studio units with kitchenettes.**
More about this property
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