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5916 Marmion Way

Highland Park, CA 90042
  • $998,000
  • STATUS: Active
  • ON SITE: 30 Days
  • ID#: P1-9160
UPDATED: 22 min ago
$998,000
  • 0
    BEDS
  • 0.1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1905
County:

School Ratings & Info

Listing Agent(s): Carmine Sabatella of Compass ((626) 205-4040) and Ryan Delair of Compass((626) 205-4040)


Description

INCREDIBLE PASSIVE INCOME OPPORTUNITY AWAITS in the heart of Highland Park! This property is located on a great street and offers two separate structures and sits centrally located in walking distance to the Gold Line, Figueroa Blvd, restaurants, shopping, coffee houses, parks, and more, and just minutes from the highway and York Blvd. You cannot beat this location! The property is gated and secured at the rear, and offers on site parking. One unit has been remodeled, and tastefully updated. This smaller rear unit was built in the 1920's and offers 1 bed, 1 bath, a private yard with entertainment deck and sits at roughly 500 sf. The original home was built in 1905 has been transformed into a lovely duplex. These two front units sit at roughly 650 sf and each have 2 beds and 1 bath. All units are occupied with tenants who have been in place for years and are in good standing. The units offer dedicated outdoor entertainment space, ample storage, and parking. The property does fall under the Historical Preservation Overlay Zone, which can offer great tax benefits.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127976857
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5916 Marmion Way Highland Park, CA 90042

  • Price: $998,000
  • Status: Active
  • On Site: 30 Days
  • Updated: 22 min ago
  • ID#: P1-9160
0
Beds
0
Baths
0
½ Baths
0.1
Acres
1905
Built
Neighborhood:
Not Applicable
County:
Los Angeles
Area:
632 - Highland Park
Property Description
INCREDIBLE PASSIVE INCOME OPPORTUNITY AWAITS in the heart of Highland Park! This property is located on a great street and offers two separate structures and sits centrally located in walking distance to the Gold Line, Figueroa Blvd, restaurants, shopping, coffee houses, parks, and more, and just minutes from the highway and York Blvd. You cannot beat this location! The property is gated and secured at the rear, and offers on site parking. One unit has been remodeled, and tastefully updated. This smaller rear unit was built in the 1920's and offers 1 bed, 1 bath, a private yard with entertainment deck and sits at roughly 500 sf. The original home was built in 1905 has been transformed into a lovely duplex. These two front units sit at roughly 650 sf and each have 2 beds and 1 bath. All units are occupied with tenants who have been in place for years and are in good standing. The units offer dedicated outdoor entertainment space, ample storage, and parking. The property does fall under the Historical Preservation Overlay Zone, which can offer great tax benefits.
Exterior Features

Direction Faces Northwest Entry Location Ground Level Fencing Chain LinkWoodWrought Iron Foundation Details Raised Lot Features Back YardFront YardGardenSprinklers In FrontLawnLandscapedSprinklers TimerYard Number Of Separate Electric Meters 3 Parking Features Controlled EntranceConcreteDrivewayElectric GateOn SiteOff StreetOne SpaceOn Street Parking Total 3 Pool Features None Pool Private YN No Property Attached YN Yes Roof CompositionShingle Spa Features None Spa YN No View Mountain(S) View YN Yes

Interior Features

Appliances Free-Standing RangeFreezerGas CooktopGas OvenGas RangeGas Water HeaterIce MakerMicrowaveRefrigeratorRange Hood Common Walls 1 Common Wall Cooling Central AirWall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Flooring CarpetTileWood Heating Central Heating YN Yes Interior Features BalconyCeiling Fan(S)Stone CountersStorageAttic

Property Features

Association Fee 0 Community Features BikingCurbsDog ParkParkSidewalks Electric Expense 3600 Fuel Expense 0 Garage YN No Gross Income 48120 Gross Scheduled Income 48120 Insurance Expense 2232 Land Lease YN No Laundry Features Inside Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing LoanCash To New LoanConventional Net Operating Income 35604 New Taxes Expense 7620 Number Of Separate Gas Meters 3 Number Of Separate Water Meters 1 Operating Expense 12516 Possession Close Of Escrow Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays Cable TvElectricityGasSewerTrash CollectionTelephone Trash Expense 1824 Water Sewer Expense 1824 Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T18:30:22.44. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Carmine Sabatella of Compass ((626) 205-4040) and Ryan Delair of Compass((626) 205-4040)