6339 10th AVE, Los Angeles, CA 90043
6339 10th AVE, Los Angeles, CA 90043
6339 10th AVE, Los Angeles, CA 90043
6339 10th AVE, Los Angeles, CA 90043
6339 10th AVE, Los Angeles, CA 90043
6339 10th AVE, Los Angeles, CA 90043
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Ian Michael

Ian Michael

+1(714) 723-1545
$ 2,295,000
Est. payment | /mo

20 Beds

10 Baths

8,309 SqFt

Save
$ 2,295,000
Est. payment | /mo
Save

20 Beds

10 Baths

8,309 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 8,309 sqft

Price per Sqft $276

MLS Listing ID 26686455

Bedrooms 20

HOA Y/N No

Year Built 1990

Lot Size 0.261 Acres

Property Description

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 7.2% 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 $1.55M loan with a remarkably low 3.17% interest rate locked through 2028 (with capped increases thereafter), resulting in substantial positive leverage. With a 65% Loan-to-Value (LTV) and a compelling 14.6% 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 7.2% 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!

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Attached Carport, Assigned

Total Parking Spaces 12

Building

Story 2

Entry Level Two

Architectural Style Traditional

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4006011021

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Julio Ruiz Global Platinum Properties, Inc. #01911261

Nearby Locations

Ian Michael

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(714) 723-1545

ian@luxurela.com

50 Wilshire Blvd suite 203,, Beverly Hills, California, 9021290212, USA

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6339 10th AVE