Property listed by Lyon Stahl Investment Real Estate, Inc., William James 310-425-9838
$2,400,000
6015 10th Avenue is a 12-unit multifamily investment opportunity located in the highly desirable Hyde Park submarket of Los Angeles, in short distance of the Crenshaw/Slauson Metro Line and major transit corridors. Built in 1964, the property consists of approximately 9,900 square feet of rentable area on an 11,400 square… Read More foot lot and features wood-frame stucco construction. The asset offers exceptionally large units averaging approximately 950 square feet, a strong and diversified unit mix, individually metered utilities, on-site laundry, 12 on-site parking spaces, and a completed soft-story seismic retrofit, eliminating a major capital item for a new owner. The property will be delivered with seven (6) vacant units, representing approximately 50% occupancy, including several rent-ready units and others recently vacated and requiring renovation, providing immediate lease-up and value-add potential. Additionally, the property offers ADU potential pursuant to SB 1211, creating a compelling long-term development and income enhancement opportunity in a transit-oriented, supply-constrained Los Angeles submarket. Please note HACLA VPS rent standards used for vacant unit rents. Read Less
Listing Snapshot
Days Online
7
Last Updated
Beds
17
Square Ft.
9,900
Lot Size
0.26 Acres
Year Built
1964
MLS Number
26640763
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1964, Living area: 9900.0, 12 buildings, Building faces East, Levels: MultiSplit, Entry location: Ground Level w/steps, Construction Materials: Stucco
Cooling
WallWindowUnits
Fireplaces
None
Floors
Carpet, Tile
Heating
WallFurnace
Income
Gross Income: $292,788, Net Operating Income: $200,812
Laundry
CommonArea
Lot
0.2618 acres
Parking
6 open parking spaces, 11 total parking spaces, Assigned
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Confirm your time
Fill in your details and we will contact you to confirm a time.
