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1916 6th Avenue, Los Angeles, CA

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1916 6th Avenue

Los Angeles, CA 90018-1124 - Koreatown MF Submarket

Property Type:Multi-Family Number of Units:7 Status:Existing Year Built:1913
Stories:- Building Size:5,577 SF Land Area:.17 AC (7,431 SF)
For Sale Price:$1,179,000 Price/Unit:$168,428.57 Cap Rate:4.63 % GRM:13.81


Sale Notes:
Vintage-character in the center of "everything". The asset has four 1 Bd units in the front building and then a 2 Bd/1 Ba unit and two Studios in the rear building - separated by a gated parking . The tenants enjoy secured access entry, as well as the large, front lawn. The building has separate electric meters, as well. Newer roofs and 2 NEW storage sheds, that are 80-100 sq. ft each. Between these new additions and the on-site, enclosed garage (currently used by Seller), there's an untapped, but immediate $500/month.Also, $10K worth of new cameras and monitor included in sale.

RE/MAX Commercial & Investment Realty
Brice Head
(310) 802-2520

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