6337 10th Avenue, Los Angeles, CA 90043
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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
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DescriptionIncredible 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!
Property Location and Similar Properties
Features
Building Area Total
- 8309.00
Country
- US
Heating
- Wall Furnace
Levels
- Two
Netoperatingincome
- 162126.00
Parcel Number
- 4006011021
Parking Features
- Assigned
- Attached Carport
Sourcesystemkey
- 25517579:CLAW
Totalexpenses
- 58242.00
Year Built
- 1990
Zoning
- LAR3