6337 10th Avenue,Los Angeles, CA 90043
Los Angeles, CA 90043
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!
Details
| MLS# | 25517579 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 27 |
| Listing Provided By | Global Platinum Properties, Inc. 424-394-1030 | Armin Soleimani |
Features
| Bed(s) | 20 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 8,309 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.26 |
Market Activity 90043
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90043) | |
Price: $2,595,000 low | high Med: $900,000 SqFt: 8,309 low | high Med: 1,373 $ / SqFt: $312 low | high Med: $655 On site: 27 low | high Med: 320.000000 | |