CA > Los Angeles
Los Angeles, CA 90043,6337 10th AVE
Los Angeles, CA 90043,6337 10th AVE
Los Angeles, CA 90043,6337 10th AVE
Los Angeles, CA 90043,6337 10th AVE
Los Angeles, CA 90043,6337 10th AVE
Los Angeles, CA 90043,6337 10th AVE
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John Dandoy

John Dandoy

+1(909) 224-1278
$ 2,595,000
Est. payment | /mo

20 Beds

10 Baths

8,309 SqFt

Save
$ 2,595,000
Est. payment | /mo
Save

20 Beds

10 Baths

8,309 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,309 sqft

Price per Sqft $312

MLS Listing ID 25517579

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 6.25% Cap Rate, this 1990 constructed property (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 and features four spacious 4-bedroom units, perfect for families, alongside two inviting 2-bedroom units. An assumable $1.56 million dollar loan with a remarkably low 3.17% interest rate, securely locked in until 2028 (with capped increases thereafter), results in notable positive leverage. With a 60% Loan-To-Value ratio (LTV) and a fantastic cash-on-cash return of 10.9%, this opportunity embodies an excellent investment prospect! This is a unique opportunity to secure today's pricing at 6% cap rates + interest rates of 4 years ago + a reasonably high LTV, the combination of which are virtually unheard of in this 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

Attached Garage Yes

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4006011021

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Armin Soleimani • Global Platinum Properties, Inc.
agent-avatar

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

+1(909) 224-1278

jrdandoy@gmail.com

101 N Indian Hill Blvd STE C1-208, Claremont, California, 91711, United States

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6337 10th AVE