5670 Ash Street

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.

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-un-der, 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 midsized deal with upside in a low velocity submarket.