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6401 11th Avenue

Los Angeles (City), CA 90043
  • $899,000
  • STATUS: Active
  • ON SITE: 47 Days
  • ID#: SB22069337
Price Reduced
$899,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

Listing Agent(s): Martin Ensbury of Keller Williams Beach Cities (310-939-9300) and Nicholas Ensbury of Keller Williams Beach Cities(310-939-9300)


Description

Fourplex situated on a large 7,573 sq ft lot in the Hyde Park neighborhood of Los Angeles. The property consists of Three 1Bd/1Ba and One 2Bd/1Ba units. All units are single-story and there are four garages in the back of the property. This is a value add deal with approximately 32% rental upside. Current cap rate is 4.67%, Market cap rate is 6.83%.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. 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/127451517
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6401 11th Avenue Los Angeles (City), CA 90043

  • Price: $899,000
  • Status: Active
  • On Site: 47 Days
  • ID#: SB22069337
0
Beds
0
Baths
0
½ Baths
0.17
Acres
1939
Built
Neighborhood:
699 - Not Defined
County:
Los Angeles
Area:
699 - Not Defined
Property Description
Fourplex situated on a large 7,573 sq ft lot in the Hyde Park neighborhood of Los Angeles. The property consists of Three 1Bd/1Ba and One 2Bd/1Ba units. All units are single-story and there are four garages in the back of the property. This is a value add deal with approximately 32% rental upside. Current cap rate is 4.67%, Market cap rate is 6.83%.
Exterior Features

Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 4 Open Parking Spaces 2 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.51 Common Interest None Community Features CurbsGutter(S)Storm Drain(S)SidewalksUrban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 66180 Gross Scheduled Income 66180 Insurance Expense 0 Land Lease YN No Laundry Features None Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Net Operating Income 41714 New Construction YN No Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Operating Expense 22481 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 1985 Vacancy Allowance Rate 3 Water Sewer Expense 0 Water Source Public Zoning Lar3



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-24T00:28:42.57. 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): Martin Ensbury of Keller Williams Beach Cities (310-939-9300) and Nicholas Ensbury of Keller Williams Beach Cities(310-939-9300)