5952 Benner StLos Angeles, CA 90042

This exceptional investment opportunity presents a 14-unit apartment building situated in a prime Highland Park, Los Angeles location. The property, built in 1959, comprises two buildings on two separate parcels totaling nearly 18,000 square feet, with addresses at 5952 and 5960 Benner Street, zip code 90042. The property features a mix of one and two-bedroom units, with select units boasting recent renovations including new appliances, flooring, and air conditioning. The complex includes 14 on-site parking spaces, a gated entrance, easily maintained landscaping, a central courtyard, and an on-site laundry facility. Currently operating at 100% occupancy, the property generates a Net Operating Income (NOI) of $257,053, with a pro-forma NOI projected at $323,031, representing a 6.05% current cap rate and a pro-forma cap rate of 7.60%. The asking price is $4,250,000, translating to $433.45 per square foot and $303,571 per unit. The property's zoning (LARD1.5) and the potential for significant unit expansion under SB1211 present a compelling value-add opportunity in a low-velocity submarket. The property's convenient location offers easy access to public transportation, major freeways, and numerous nearby amenities, including restaurants, entertainment venues, and Hermon Park. This is a fee simple ownership opportunity.