Los Angeles, CA 90043,6337 10th Avenue
Los Angeles, CA 90043,6337 10th Avenue
Los Angeles, CA 90043,6337 10th Avenue
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$2,595,000
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8,309 SqFt
Active

6337 10th Avenue Los Angeles, CA 90043

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Disen Cai

Disen Cai

Keller Williams Peninsula Estates

+1(650) 622-2156

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 8,309 sqft

Price per Sqft $312

MLS Listing ID CL25517579

HOA Y/N No

Year Built 1990

Lot Size 0.261 Acres

Acres 0.26

Property Sub-Type Other

Property Description

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 6.25% Cap Rate, this 1990 constructed property (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 and features four spacious 4-bedroom units, perfect for families, alongside two inviting 2-bedroom units. An assumable $1.56 million dollar loan with a remarkably low 3.17% interest rate, securely locked in until 2028 (with capped increases thereafter), results in notable positive leverage. With a 60% Loan-To-Value ratio (LTV) and a fantastic cash-on-cash return of 10.9%, this opportunity embodies an excellent investment prospect! This is a unique opportunity to secure today's pricing at 6% cap rates + interest rates of 4 years ago + a reasonably high LTV, the combination of which are virtually unheard of in this market. Don't miss out on this outstanding opportunity!

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Fireplace No

Building

New Construction No

Others

Tax ID 4006011021


Bridge MLS
Listed by Armin Soleimani • Global Platinum Properties, Inc.

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agent

Disen Cai

Agent | License ID: 01928373

+1(650) 622-2156

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6337 10th Avenue