6720 Ferrara Street,Los Angeles, CA 90042
Los Angeles, CA 90042
Description
An excellent investment or house-hacking opportunity in LA's hottest neighborhood, Highland Park. Located just moments from the prime intersection of York and Figueroa and the Arroyo, this character 1940's triplex consists of three attached, well-proportioned 2-bedroom, 1-bathroom units, totaling 2,454 square feet of interior living space, plus a separate 3-car garage with two laundry closets. The property is situated on an expansive 7,527-square-foot professionally landscaped corner lot, providing an unusual amount of privacy and space for a dense urban submarket. Each individual unit features a comfortable living room, dining area, original hardwood floors, sizeable bedrooms, a dedicated private outdoor space (one unit has a lawn), and its own garage. Gas and electricity are separately metered for each unit. Positioned for strong rental demand, residents enjoy immediate proximity to the neighborhood's trendiest boutique shopping, dining, and entertainment, along with effortless commuting via the nearby Metro A Line (formerly Gold Line) station and the 110 freeway. Perfect for an owner-user looking to utilize residential financing while letting tenant income offset the mortgage, or for a seasoned investor looking to capture strong market rents and build equity in one of Northeast Los Angeles' most competitive zip codes. All tenants are month-to-month (all units are tenant-occupied), with strong upside potential in rents. Check with your contractor about the possibility of adding an ADU or other potential development. Roofs were recently replaced. Monthly rents total 6,532.00.
Details
| MLS # | 26839947 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1947 |
| Days On Site | 91 |
| Listing Provided By | Coldwell Banker Realty | Ross Carter |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| SQ Feet | 2,454 |
| Story(s) | 1 |
| Units | 3 |
| Building(s) | 2 |
| Zoning | LARD2 |
| Acreage | 0.17 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Floor Furnace, Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Disposal, Oven, Refrigerator, Dryer, Washer |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition |
|---|---|
| Lot Features | Back Yard, Lawn, Landscaped |
Parking
| Parking Features | Driveway, Garage |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Sewer Tap Paid |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90042 |
| Area | 632 Highland Park |
| Listing VS Median (in 90042) | |
Price: $1,098,000 low | high Med: $1,297,000 sqft: 2,454 low | high Med: 3,853 $ / sqft: $447 low | high Med: $340 On site: 91 low | high Med: 64.5 | |
Market Activity 90042
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90042 |
| Area | 632 Highland Park |
| Listing VS Median (in 90042) | |
Price: $1,098,000 low | high Med: $1,297,000 sqft: 2,454 low | high Med: 3,853 $ / sqft: $447 low | high Med: $340 On site: 91 low | high Med: 64.5 | |
