5622 Raber Street, Los Angeles, California 90042, Los Angeles, 90042 - bed, bath

5622 Raber Street, Los Angeles, California 90042 home-pic-0
ACTIVE$2,200,000
5622 Raber Street, Los Angeles, California 90042
0Bed
0Bath
3,189Sqft
6,647Lot
Year Built
1912
Close
-
List price
$2.2M
Original List price
$2.25M
Price/Sqft
$690
HOA
-
Days on market
-
Sold On
-
MLS number
DW24234287
Home ConditionGood
Features
Good View:
Patio
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $2.20M(92th), sqft - 3189(77th), beds - undefined(50th), baths - undefined(50th).

Gorgeously Redesigned 3-Unit Rental Property in Prime Highland Park Location. An incredible investment opportunity awaits with three stunning buildings on one lot in the heart of Highland Park. Offering nearly 3,200 sq ft of combined living space, this property is situated on a quiet street just above York Boulevard, close to Eagle Rock and South Pasadena. Trendy restaurants, shopping, and entertainment are only minutes away, providing the perfect blend of urban convenience and the charm of a private retreat. This unique property features three stand alone buildings: the front unit offers 3 beds, 3 baths; the middle unit offers 2 beds, 2 baths; and the rear building is a spacious two-story 3 bed, 3 bath, with each bedroom as an en-suite master. Every unit has been beautifully updated with brand-new stainless steel appliances, in-unit washers and dryers, and sleek, modern finishes. With exceptional curb appeal and location, this property is a fantastic opportunity for investors seeking a high-quality asset in one of LA's most desirable neighborhoods. Don’t miss out on this rare Highland Park gem!

Price History

Date
Event
Price
05/16/23
Sold
$860,000
Condition Rating
Good

The property, built in 1912, has been gorgeously redesigned with modern finishes and stainless steel appliances in all three units. The kitchens and bathrooms appear updated in the images, suggesting a renovation within the last 15 years. While the original build year is old, the extensive updates bring it to a 'good' condition, move-in ready with no immediate renovation required.
Pros & Cons

Pros

Investment Opportunity: The property is a 3-unit triplex, offering a strong potential for rental income in a desirable location.
Prime Location: Located in the heart of Highland Park, close to York Boulevard, Eagle Rock, and South Pasadena, providing easy access to trendy restaurants, shopping, and entertainment.
Updated Units: Each unit has been beautifully updated with brand-new stainless steel appliances, in-unit washers and dryers, and sleek, modern finishes.

Cons

Older Construction: Built in 1912, the property may require ongoing maintenance and potential upgrades due to its age.
Original List Price Reduction: The property has experienced a price reduction, which could indicate challenges in the market or perceived value.

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