Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    6337 10th Avenue, Los Angeles, CA 90043
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    6337 10th Avenue
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    • MLS#: 25517579 ( )
    • Street Address: 6337 10th Avenue
    • Viewed: 1
    • Price: $2,595,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1990
    • Bldg sqft: 0
    • Days On Market: 14
    • Additional Information
    • County: LOS ANGELES
    • City: Los Angeles
    • Zipcode: 90043
    • Provided by: Global Platinum Properties, Inc.
    • Contact: Armin Armin
    • California Regional MLS IDX
    • DMCA Notice
    • 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!
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    Features
    Building Area Total
    1. 8309.00
    Country
    1. US
    Heating
    1. Wall Furnace
    Levels
    1. Two
    Netoperatingincome
    1. 162126.00
    Parcel Number
    1. 4006011021
    Parking Features
    1. Assigned
    2. Attached Carport
    Sourcesystemkey
    1. 25517579:CLAW
    Totalexpenses
    1. 58242.00
    Year Built
    1. 1990
    Zoning
    1. LAR3
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836