NOT LISTED FOR SALE

5920 Benner St Los Angeles, CA 90042

Estimated Value: $1,311,000 - $1,482,000

8 Beds
4 Baths
3,224 Sq Ft
$441/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $1,420,000 $440 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $8,908/month

13 Days on Market

Highlights

  • Home Office
  • Tandem Parking
  • Ceiling Fan
  • Open to Family Room
  • Bathtub with Shower
  • 5-minute walk to Tierra de la Culebra Park

About This Home

As of March 2024

Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms that would be a perfect office, making this highly conducive to tenants who work from home. Great tenants, well managed, and rents average $2,166/month per unit, making this an excellent investment in a stellar location. All units have only 1 or 2 tenants each, there are no long term tenants, and these units generally turn over every few years. The property is easy to manage, has low expenses, partial copper plumbing, and a good roof. There is a front yard area with communal lounge furniture, garden plots and BBQ grill where tenants can keep plants, hang out, and feel at home. The property is located just south of Figueroa on a quiet street near the 110 Freeway. It is walkable to all the hotspots on Figueroa, as well as nearby parks, the Metro Gold Line, and so much more. The median single family home price in Highland Park is now $1,138,000, making this an extremely high barrier to entry area and extremely popular among high earning renters.

Last Agent to Sell the Property

Dana Coronado

Compass License #01746702 Listed on: 02/15/2024

Compass

Co-Listed By

Charlie Coronado

Compass License #01723306

Last Buyer's Agent

Roni Raczkowski

Roni Raczkowski Real Estate License #01119609

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,471

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 5,601 Sq Ft Lot

Home Design

  • Turnkey
  • Raised Foundation
  • Shingle Roof
  • Composition Roof
  • Partial Copper Plumbing
  • Stucco

Interior Spaces

  • 3,224 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Home Office
  • Laminate Flooring

Kitchen

  • Open to Family Room
  • Gas Oven
  • Recirculated Exhaust Fan
  • Microwave
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Remodeled Bathroom
  • 4 Bathrooms
  • Low Flow Toliet
  • Bathtub with Shower
  • Low Flow Shower

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 8 Parking Spaces
  • Tandem Parking
  • Uncovered Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Gas Water Heater

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for gas, electricity, trash collection
  • The owner pays for water
  • Assessor Parcel Number 5492-019-006

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,471

Year Built

Built in 1948 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • ADA Compliant: No
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: Rare opportunity to buy a turnkey 4plex in hip Highland Park that cash flows! 5.57% CAP Rate and 13.97 GRM on Current Rents! All apartments function as 2 bedroom and 1 bathroom and are fully remodeled inside with modern finishes such as trendy black hardware, butcher block countertops, white cabinets in kitchens and bathrooms, unique light fixtures, recessed lighting in living rooms, laminate wood flooring, and much more. The spacious units average 806 SF each per title. Two units have bonus rooms that would be a perfect office, making this highly conducive to tenants who work from home. Great tenants, well managed, and rents average $2,166/month per unit, making this an excellent investment in a stellar location. All units have only 1 or 2 tenants each, no long term tenants, and these units generally turn over every few years. The property is easy to manage, has low expenses, & more!
  • Alley: No
  • Living Area: 3224
  • Lot Acreage: 0.1286
  • Price Per Unit: 362500.00
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 23
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Turnkey
  • Flooring: Laminate
  • Appliances: Microwave, Oven-Gas
  • Bedrooms: 8
  • Bathroom Features: Low Flow Toilet(s), Low Flow Shower(s), Remodeled, Shower Over Tub, Tile
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Open to Family Room, Remodeled
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Ceiling Fan, Garbage Disposal, Microwave, Range/Oven, Recirculated Exhaust Fan, Refrigerator
  • Price Per S Q F T: 449.75

Exterior Features

  • Construction: Stucco
  • Other Features: Partial Copper Plumbing
  • Other Structures: None
  • Tennis Court Y/N: No
  • Foundation Details: Raised
  • Pool: No
  • Roof: Composition, Shingle
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Tandem, Uncovered
  • Total Parking: 8

Utilities

  • Water Heater: Gas
  • Cooling: Wall/Window, Ceiling Fan
  • Heating: Wall
  • Security: Smoke Detector, Carbon Monoxide Detector(s)
  • Water Heaters: Yes

Schools

  • School District: Los Angeles Unified

Lot Info

  • Assessor Parcel Number: 5492-019-006
  • Lot Size Area: 5601

Rental Info

  • Owner Pays: Water
  • Rent Control: Yes
  • Tenant Pays: Gas, Electricity, Trash Collection

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 13.94
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 23284
  • Type Of Units: 2Brs
  • Vacancy Allow: 0
  • Vacancy Allow Percent: 0.00
  • Vacancy Rate: 0

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 22, 2024
Sold by
Gpg Benner Llc
Bought by
Gustavo A Torres And Carol A Torres Living Tr and Torres
Seller's Agent
Dana Coronado
Compass
Buyer's Agent
Roni Raczkowski
Roni Raczkowski Real Estate
List Price
$1,450,000
Sold Price
$1,420,000
Premium/Discount to List
-$30,000
-2.07%
Views
21
Current Estimated Value
$1,428,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$8,876
Avg. Annual Appreciation
0.12%
Original Mortgage
$1,065,000
Outstanding Balance
$1,049,751
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$372,664

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 4, 2024
Sold by
Hudson Jeffrey
Bought by
Gpg Benner Llc
Seller's Agent
Dana Coronado
Compass
Buyer's Agent
Roni Raczkowski
Roni Raczkowski Real Estate
List Price
$1,450,000
Sold Price
$1,420,000
Premium/Discount to List
-$30,000
-2.07%
Views
21

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,065,000
Outstanding Balance
$1,049,751
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$372,664

Purchase Details

Closed on
Mar 23, 2017
Sold by
Gpg Benner Llc
Bought by
Hudson Jeffrey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$439,000
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 23, 2016
Closed on
May 6, 2016
Sold by
Espinosa Francisco
Bought by
Gpg Benner Llc
Seller's Agent
Nelson Sanchez
Century 21 A Better Service
Buyer's Agent
Nelson Sanchez
Century 21 A Better Service
List Price
$699,000
Sold Price
$721,000
Premium/Discount to List
$22,000
3.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.61%
Original Mortgage
$432,000
Interest Rate
3.71%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 14, 2003
Sold by
Espinosa Rodrigo
Bought by
Espinosa Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$221,000
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 5, 2001
Sold by
Brion Alger Lindo
Bought by
Brion Gina Bermudez

Purchase Details

Closed on
Jan 2, 2001
Sold by
Tugade Isabelo A and Tugade Nenita B
Bought by
Espinosa Frank

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$211,678
Interest Rate
7.26%
Mortgage Type
FHA
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Gustavo A Torres And Carol A Torres Living Tr $1,420,000 Lawyers Title Company
Gpg Benner Llc -- Lawyers Title Company
Hudson Jeffrey -- Lawyers Title Company
Hudson Jeffrey -- Nationallink
Gpg Benner Llc $720,000 Fidelity National Title Co
Espinosa Frank -- Orange Coast Title
Brion Gina Bermudez -- American Title Co
Lara Edna Bermudez -- American Title Co
Espinosa Frank $215,000 American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gustavo A Torres And Carol A Torres Living Tr $1,065,000
Previous Owner Hudson Jeffrey $420,000
Previous Owner Hudson Jeffrey $439,000
Previous Owner Gpg Benner Llc $432,000
Previous Owner Espinosa Frank $221,000
Previous Owner Espinosa Frank $211,678
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $1,420,000 -2.1% $440 / Sq Ft
02/28/2024 02/28/24 Pending -- -- --
02/15/2024 02/15/24 For Sale $1,450,000 +101.1% $450 / Sq Ft
05/12/2016 05/12/16 Sold $721,000 +3.1% $224 / Sq Ft
04/22/2016 04/22/16 Pending -- -- --
04/13/2016 04/13/16 For Sale $699,000 -- $217 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,471 $1,448,400 $867,000 $581,400
2024 $13,471 $1,080,934 $756,655 $324,279
2023 $13,214 $1,059,740 $741,819 $317,921
2022 $12,605 $1,038,962 $727,274 $311,688
2021 $12,442 $1,018,591 $713,014 $305,577
2019 $12,073 $988,380 $691,866 $296,514
2018 $9,304 $749,088 $561,816 $187,272
2016 $4,611 $362,339 $194,506 $167,833
2015 $4,547 $356,897 $191,585 $165,312
2014 $4,587 $349,907 $187,833 $162,074
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-358619

The MLS

APN: 5492-019-006