Los Angeles, CA 90043,6337 10th Ave
Los Angeles, CA 90043,6337 10th Ave
Los Angeles, CA 90043,6337 10th Ave
17
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$2,595,000
Est. payment /mo
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20 Beds
10 Baths
8,309 SqFt
Active

6337 10th Ave Los Angeles, CA 90043

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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


TheMLS (CLAW)
Listed by Global Platinum Properties, Inc.

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6337 10th Ave