6337 10th Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90043
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 8,309 sqft
Price per Sqft $312
MLS Listing ID 25517579
Bedrooms 20
Year Built 1990
Lot Size 0.261 Acres
Acres 0.2608
Property Sub-Type Multi-Family
Property Description
Incredible opportunity in the vibrant city of Los Angeles! This charming 6-unit property offers a remarkable chance to enhance and expand your real estate portfolio. With an attractive 6.25% Cap Rate, this 1990 constructed property (buyer to do own diligence on RSO restrictions) showcases significant potential for multiple ADUs and substantial rental growth. Spanning a generous 8,309 square feet on an expansive 11,000 square foot lot, this property also boasts an astounding 12 parking spaces and features four spacious 4-bedroom units, perfect for families, alongside two inviting 2-bedroom units. An assumable $1.56 million dollar loan with a remarkably low 3.17% interest rate, securely locked in until 2028 (with capped increases thereafter), results in notable positive leverage. With a 60% Loan-To-Value ratio (LTV) and a fantastic cash-on-cash return of 10.9%, this opportunity embodies an excellent investment prospect! This is a unique opportunity to secure today's pricing at 6% cap rates + interest rates of 4 years ago + a reasonably high LTV, the combination of which are virtually unheard of in this market. Don't miss out on this outstanding opportunity!
Location
State CA
County Los Angeles
Area Park Hills Heights
Zoning LAR3
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Window Unit(s)
Equipment None
Exterior
Parking Features Assigned, Carport Attached
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard