Property listed by Global Platinum Properties, Inc., Julio Ruiz 424-394-1030
6339 10th Avenue
Los Angeles, CA 90043
Beds
20
Baths
10
Square Ft.
8,309
$2,295,000
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 7.2% Cap Rate, this building, constructed in 1990 (buyer to do own diligence on RSO restrictions), showcases significant potential for multiple ADUs… Read More 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 14.6% 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 LTV - a combination virtually unheard of in today's market. Don't miss out on this outstanding opportunity! Read Less
Listing Snapshot
Days Online
6
Last Updated
Beds
20
Square Ft.
8,309
Lot Size
0.26 Acres
Year Built
1990
MLS Number
26686455
Additional Details
Building
Built in 1990, Living area: 8309.0, 1 building, 2 stories, Levels: Two
Heating
WallFurnace
Income
Gross Income: $237,240, Net Operating Income: $171,459
Lot
0.2608 acres
Parking
12 total parking spaces, AttachedCarport, Assigned
Taxes
Parcel Number: 4006011021, Zoning: LAR3
Find The Perfect Home
'VIP' Listing Search
Whenever a listing hits the market that matches your criteria you will be immediately notified.
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.
