6333 8th Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,050,000 USD
310-801-7373
6333 8th Ave, Los Angeles, CA for Sale
$1,050,000 USD
Apartments - FOR SALE
1/16
null | 5.78% Cap Rate

6333 8th Ave
Los Angeles, CA 90043
Park Mesa Heights


OVERVIEW

Well maintained 4-unit property located on a 11,359 Sq.Ft. lot zoned R3 in TOC Tier 3, presents an excellent redevelopment opportunity or adding multiple ADUs(buyer to verify). Property consists of 4 separate buildings - two 1-bedroom units ($989, $2,340) and two 2-bedroom units ($837, $2,650). Property is generating $81,792 of total Rental Income and has very low expenses. With rental upside of over 46% and possibility to add ADUs the property presents an outstanding value-add opportunity. New owner can redevelop the property utilizing density bonus or add two additional units and keep existing structures. In either case, this is investment with huge potential and upside.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$341 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

5.78%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1926

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,360 SF

ZONING

LAR3

APN/PARCEL ID

4006-012-016

ASK ABOUT THIS PROPERTY

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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

Olga WrightLyon Stahl Investment Real EstateMore Info
310-801-7373

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