6339 10th Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$2,450,000 USD
310-666-2246
6339 10th Ave, Los Angeles, CA for Sale
$2,450,000 USD
Apartments - FOR SALE
1/17
null | 7% Cap Rate

6339 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 after
  • A 7.0% cap rate couple with low rates and 64% LTV financing results in a 13.6% cash on cash return
  • Unique opportunity to secure today's pricing at 7.0% cap rates with interest rates of 4 years ago
  • High cash on cash return of 13.6% based on asking price makes for an excellent investment opportunity

OVERVIEW

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 7.0% Cap Rate, this building, constructed in 1990 (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! It features four spacious 4-bedroom units, perfect for families, alongside two well-appointed 2-bedroom units. Larger, family-sized units like these consistently demonstrate more favorable expense ratios—operating costs don’t scale linearly with unit size—meaning stronger net operating income and greater long-term efficiency for owners. Additionally, the property includes an assumable $1.56M loan with a remarkably low 3.17% interest rate locked through 2028 (with capped increases thereafter), resulting in substantial positive leverage. With a 64% Loan-to-Value (LTV) and a compelling 13.6% cash-on-cash return at the asking price, this offering embodies an exceptional investment profile. This is an unusual chance to secure today’s pricing at a 7.0% cap rate, paired with interest rates from four years ago and a significantly favorable LTV—a combination virtually unheard of in today’s market. Don’t miss out on this outstanding opportunity!

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$295 USD /SF

# OF UNITS

6

PRICE/UNIT

$408,333

CAP RATE

7%

% LEASED

83%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7% Cap Rate, 3.17% 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

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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