CA > Los Angeles
Los Angeles, CA 90042,5670 Ash St
Los Angeles, CA 90042,5670 Ash St
Los Angeles, CA 90042,5670 Ash St
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$5,300,000
Est. payment /mo
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32 Beds
24 Baths
14,959 SqFt
Active Under Contract

5670 Ash St Los Angeles, CA 90042

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Hunter Scholl

Hunter Scholl

+1(702) 575-1320

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 14,959 sqft

Price per Sqft $354

MLS Listing ID 25-482813

Style Mid-Century

Bedrooms 32

Year Built 1964

Lot Size 0.459 Acres

Acres 0.4583

Property Sub-Type Multi-Family

Property 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 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.

Location

State CA

County Los Angeles

Area Highland Park

Zoning LARD2

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Range/Oven

Exterior

Parking Features Carport, Carport Attached

Garage Spaces 23.0

View Y/N Yes

View Hills

Building

Story 2

Architectural Style Mid-Century

Level or Stories Two

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Hunter Scholl

The Right Hand | RE.S. 197305

+1(702) 575-1320

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5670 Ash St