PRICE REDUCED $110,000 & SELLER FINANCING AVAILABLE!
5355 Oakland Street is a 5-unit apartment community with two detached buildings constructed in 1926 and 2022. The one structure is a 2 bedroom house from the 1920’s and the other structure is a brand new, 4-unit apartment building. The property is situated in the Monterey Hills/El Sereno neighborhood of Los Angeles, California. Situated on ±5,253 square feet, the property offers the detached 1 two-bedroom house measuring ±985 square feet, 2 one-bedroom units each measuring ±814 square feet each, 1 two bedroom unit measuring +/- 1,042 square feet; and 1 three-bedroom unit measuring ±1,598 square feet. The Seller indicated that they would consider carrying financing for a qualified Buyer. They would offer a 50% loan, fixed at 5% for 2 years with interest only financing. The property features high-end finishes including in-unit laundry, stainless steel appliances, hardwood floors, large balconies and patios with panoramic views of Los Angeles and much more. The property is priced at $474.01 per square foot which, for new construction, is below replacement costs. All units are market rate (no affordable requirements). Approximately 11 parking spaces accessed at both the front and rear of the property.