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6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
6720 Ferrara St
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Courtesy of Coldwell Banker Realty
$1,098,000

6720 Ferrara St

6 Beds 3 Baths 2,454 Sq.Ft. 7,502 Sq.Ft.

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.

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Location

6720 Ferrara St, Los Angeles, CA 90042

Status

For Sale

Property Amenities

View additional property information below.
Interior
Laundry room In Closet, Garage
Fireplace None
Appliances Garbage Disposal, Refrigerator, Range/Oven, Dryer, Washer
Flooring Hardwood, Laminate, Tile
Total Bedrooms: 6
Area & Lot
Lot Area 7,502 Sq.Ft.
Living area 2,454 Sq.Ft.
MLS® ID 26839947
Year Built 1947
Architecture Styles Traditional
Type Multi-Family
Status For Sale
Exterior
Stories 1
Pool None
Air conditioning Wall/Window
Heat type Floor Furnace, Wall
Sewer In Connected and Paid
Parking Driveway, Garage
Lot Features Back Yard, Landscaped, Lawn, Lot-Level/Flat
Roof Composition
Finance
Sales Price $1,098,000

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