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    1916 6Th Ave

    Los Angeles, CA 90018
    • $1,790,000
    • STATUS: Active
    • ON SITE: 41 days
    • MLS #: 21-730898
    UPDATED: 46 min ago
    $1,790,000
    • 10
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,577
      SQFT
    • $321
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1913
    County:

    School Ratings & Info

    Description

    We are pleased to present the opportunity to acquire a 7-unit multifamily property located in the Arlington Heights neighborhood of Los Angeles. Built in 1913, 1916 6th Avenue is comprised of five (5) 2bed/1bath units and two (2) studio units and offers five on-site parking spaces and on-site storage. Five out of seven units have been renovated and the property boasts an in-place 4.82% Cap rate. An investor has the opportunity to renovate 2 additional units and potentially convert them to 3 bedroom units in order to capture maximum upside.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T12:43:03.92. 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.
    www.desertarealuxuryhomes.com/homes/117095044
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    1916 6Th Ave Los Angeles, CA 90018

    • Price: $1,790,000
    • Status: Active
    • Updated: 46 min ago
    • MLS #: 21-730898
    10
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    5,577
    SQFT
    $321
    $/SQFT
    1913
    Built
    Neighborhood:
    Mid Los Angeles
    County:
    Los Angeles
    Area:
    Mid Los Angeles
    Property Description
    We are pleased to present the opportunity to acquire a 7-unit multifamily property located in the Arlington Heights neighborhood of Los Angeles. Built in 1913, 1916 6th Avenue is comprised of five (5) 2bed/1bath units and two (2) studio units and offers five on-site parking spaces and on-site storage. Five out of seven units have been renovated and the property boasts an in-place 4.82% Cap rate. An investor has the opportunity to renovate 2 additional units and potentially convert them to 3 bedroom units in order to capture maximum upside.
    Exterior Features

    Lot Size Area 7433 Other Structures OtherShed(S) Parking Garage DrivewayTandemOther Total Parking 5

    Interior Features

    Baths Total 7.00 Cooling Other Equipment WasherDryerOther Heating Other

    Property Features

    Assessed Total Value 1212960 Gross Income 135780 Gross Operating Income 132852 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 86228.00 Number Of Buildings 2 Number Of Units 7 Owner Pays WaterOtherGardener Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 46624 Type Of Units Standard Year Built Source Vendor Enhanced Zoning Lard2

    Listing provided courtesy of Sevak Keshishian DRE#01887505 of Marcus & Millichap.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-23T12:43:03.92. 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.
     
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    The Sandi Phillips Team | Compass
    74199 El Paseo, Suite 200
    Palm Desert CA, 92260