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1916 6TH Avenue

Los Angeles (City), CA 90018
  • $1,810,000
  • STATUS: Active
  • ON SITE: 41 Days
  • ID#: 22145487
Price Reduced
UPDATED: 54 min ago
$1,810,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)


Description

I am pleased to present the opportunity to acquire 1916 6th Avenue, a seven-unit apartment community located in Arlington Heights. 1916 6th Avenue is situated just southwest of the Washington & Arlington intersection within a highly desirable submarket in Mid-City Los Angeles. The well-maintained property built in 1913 consists of two studios and five two-bedroom units. Its 7,433 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has renovated 71% of the property while leaving upside in the remaining two units. The subject property is located within minutes of shopping and retail destinations, providing convenient access to daily errands and entertainment. The property features four on-site parking spots and on-site storage. The prime location of the asset along with the outstanding property condition & strong in place income makes 1916 6th Avenue an excellent acquisition opportunity.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/127603919
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1916 6TH Avenue Los Angeles (City), CA 90018

  • Price: $1,810,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 54 min ago
  • ID#: 22145487
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1913
Built
Neighborhood:
C16 - Mid Los Angeles
County:
Los Angeles
Area:
C16 - Mid Los Angeles
Property Description
I am pleased to present the opportunity to acquire 1916 6th Avenue, a seven-unit apartment community located in Arlington Heights. 1916 6th Avenue is situated just southwest of the Washington & Arlington intersection within a highly desirable submarket in Mid-City Los Angeles. The well-maintained property built in 1913 consists of two studios and five two-bedroom units. Its 7,433 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has renovated 71% of the property while leaving upside in the remaining two units. The subject property is located within minutes of shopping and retail destinations, providing convenient access to daily errands and entertainment. The property features four on-site parking spots and on-site storage. The prime location of the asset along with the outstanding property condition & strong in place income makes 1916 6th Avenue an excellent acquisition opportunity.
Exterior Features

Parking Features Uncovered Parking Total 4

Property Features

Association Fee 0 Gross Income 139980 Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 87115 New Construction YN No Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Lard2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-23T19:30:30.077. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Sean Rosenzweig of Marcus & Millichap (213-943-1800)