6214 S Victoria Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,749,000 USD
310-480-2130
6214 S Victoria Ave, Los Angeles, CA for Sale
$1,749,000 USD
Apartments - FOR SALE
1/14
null | 6.21% Cap Rate

6214 S Victoria Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Current rents are ~38% below market, providing immediate upside through organic lease-up and unit turns.
  • Unit mix features (2) 2 Bed units, (9) 1 Bed units, and (1) Studio.
  • Major capital improvements are already complete, including soft-story seismic retrofit, all-copper plumbing, and individual metering.
  • Located in the Hyde Park submarket near Leimert Park, benefitting from strong rental demand and a walkable neighborhood.

OVERVIEW

The Cohen Group is proud to introduce an exceptional multifamily investment opportunity: a 12 unit value add asset located at 6214 South Victoria Avenue in the vibrant Hyde Park neighborhood. This offering presents significant upside potential, with projected rental upside of approximately 38%, all while being offered at an attractive 6.21% Cap Rate and $185 per sf — a compelling combination for investors seeking bothstability and growth. PROPERTY HIGHLIGHTS: - 12 Units Total — (2) spacious 2 Bed / 2 Bath units, (9) well appointed 1 Bed / 1 Bath units, and (1) Studio. - 9,405 SF Building featuring front balconies, generous floor plans, and one parking space per unit. - Additional Income Stream from onsite, leased laundry facilities. -Strong Building Systems — individual gas & electric meters,and completed soft story seismic retrofit. LOCATION ADVANTAGES: With a Walk Score of 74, residents enjoy convenient access to daily essentials, neighborhood amenities, and local retail — many within walking distance. The property is ideally positioned near public transit, including the nearby Metro line, and is surrounded by schools and community resources serving Hyde Park and Leimert Park. This connectivity enhances tenant demand and long term rental performance.

FOR SALE DETAILS

PRICE

$1,749,000 USD

PRICE/SF

$186 USD /SF

# OF UNITS

12

PRICE/UNIT

$145,750

CAP RATE

6.21%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Los Angeles Apartment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,369 SF

ZONING

R3

APN/PARCEL ID

4006-004-022

ASK ABOUT THIS PROPERTY

Joshua CohenThe Cohen GroupMore Info
310-480-2130

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Joshua CohenThe Cohen GroupMore Info
310-480-2130

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.