6337 10th Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$2,495,000 USD
310-666-2246
6337 10th Ave, Los Angeles, CA for Sale
$2,495,000 USD
Apartments - FOR SALE
1/16
null | 6.76% Cap Rate

6337 10th Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Assumable $1.56 million dollar loan with a low interest rate of 3.17% locked in until 2028 with capped increases thereafter
  • A 6.8% cap rate coupled with super low low rates and 62.5% LTV financing results in an unprecedented 12.8% cash on cash return
  • Unique opportunity to secure today's depressed property prices with bottom of market interest rates of 4 years ago

OVERVIEW

Take advantage of an outstanding investment opportunity in Los Angeles delivering a 12.8% cash-on-cash return at the asking price, fueled by the assumption of a $1.56M loan at a fixed 3.17% interest rate locked through 2028—with capped increases thereafter. This rare financing structure creates highly attractive positive leverage in a market where such terms are virtually unavailable today. Offered at a 6.8% Cap Rate, the property was built in 1990 (buyer to verify RSO status) and spans 8,309 square feet on an 11,360 square foot lot, with an impressive 12 parking spaces. The building features four expansive 4-bedroom units and two well-sized 2-bedroom units, offering strong appeal for renters and ample potential for rental growth. There’s also meaningful ADU upside, allowing a new owner to further enhance returns. With a 62.5% loan-to-value ratio at asking price, this deal combines today’s pricing with cap rates of nearly 7%, interest rates from four years ago, and a favorable leverage structure—making it a uniquely compelling acquisition in today’s environment. Don’t miss the chance to secure this high-performing asset in a prime Los Angeles location.

FOR SALE DETAILS

PRICE

$2,495,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

6

PRICE/UNIT

$415,833

CAP RATE

6.76%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12.8% Cash on Cash with Assumable Financing

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1990

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,356 SF

ZONING

LAR3

APN/PARCEL ID

4006-011-021

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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