18
See all 18 photos
$2,395,000
Est. payment /mo
20 Beds
10 Baths
8,309 SqFt
New
6337 10th AVE Los Angeles, CA 90043
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,309 sqft
Price per Sqft $288
MLS Listing ID 26639499
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! Thischarming 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 14.61% 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 LTVa 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
Listed by Armin Soleimani Global Platinum Properties, Inc.
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