5508 York Blvd Los Angeles, CA 90042

5508-5510 York Blvd, a 100% occupied fourplex in the heart of Highland Park. Built in 1946, this 4-unitproperty is situated on a 0.16-acre lot and is comprised of all 2 bed / 1 bath units. Each unit is approximately 800 square feet and has a parking space (total of 4 parking spaces - 1.25/ 1,000 SF).The property is conveniently located on one of the two main thoroughfares in Highland Park and boats a Walk Score of 89, as there is a tremendous amount of shopping, dining, and entertainment amenities in the immediate area. The property is also just a few blocks from the 110 Freeway, which easily connects to Downtown Los Angeles, Pasadena, and Glendale. The Metro Gold Line can also get commuters to Downtown LA in just 30minutes. A few years ago, the city opened a major stop at the intersection of Marmion Way and North Avenue 57, located just a few blocks from the subject property. This, coupled with the fact that there are approximately 711,981 people with average household income of $106,776 within a 5-mile radius, will only help accelerate the continued rapid gentrification and overall appreciation of Highland Park. The is an ideal opportunity for an investor to acquire a stable investment in a market that is poised for continued growth. Three of the four tenants are paying substantially below market rent providing for significant upside in the future. The property also qualifies for attractive residential financing allowing an investor to lock in a 30-Year fixed and fully amortized loan.