Description
The Aldama Collection is a five-residence townhome compound in the heart of Highland Park, offering strong in-place income with minimal operating expenses. Tucked just off York Boulevard on a quiet, tree-lined street, the property blends classic character with modern design. At the front is a beautifully restored 1915 Craftsman featuring coffered ceilings, hardwood floors, an open layout, and a private yard. Behind it are four three-story townhome-style residences built in 2016, each offering generous floor plans, open-concept living, expansive view decks, ensuite bathrooms, and walk-in closets. All residences include hardwood flooring, in-unit laundry, private outdoor space, individual meters for all utilities, and two parking spaces per unit, most of which are garage covered. The property is fully occupied at near market rents, professionally managed, and located in one of Northeast Los Angeles' most sought-after rental pockets. Offered at a 5.95 Cap rate on actuals and sold by the original developer, four of the five residences are newer construction, non-RSO, and separately metered. With no utilities paid by the seller, historically low vacancy, and straightforward management, this is a rare opportunity to acquire a high-quality, high-demand asset at an attractive basis.
