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6401 11th Avenue, Los Angeles, CA 90043$845,000

5
beds
--
bath
2835
ft2
· 7573
ft2 lot
$298 / ft2

Listing provided courtesy of Jonathan Weir, Marcus & Millichap
Source CRMLS;
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As of Nov 15th price reduced and going in cap rate 5.10% and 12.7 GRM. Best income metrics in the area and priced to SELL. We are pleased to present 6401 11th Avenue, a 4-unit investment property in Los Angeles, California. The property is located between Hyde Park Boulevard and 63rd Street just around the corner from Hyde Park Elementary School. This area is a solid majority-renter market with low vacancy rates. 6401 11th Avenue consists of three 1 bedroom units and one 2 bedroom 1 bathroom unit. All of the units are separately metered for gas and electricity. The property also offers four single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

HOA

No HOA

On market

4 months

Year built

1939

Property type

Multi-Family

Parking

4

MLS

22208607

Price / Sq.Ft.

$298 / ft2

Status

Active

Buyer’s Brokerage Commission

2%

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Home details for 6401 11th Avenue

Interior Features & Layout
Heating & Cooling
•   
Has Heating
•   
Heating Details: Wall Furnace
Bathrooms Info
•   
Total Bathrooms: 4
Property, Lot, Community & Exterior Features
Multi-Unit Info
•   
Number Of Units Total: 4
Parking Info
•   
Parking Features: Door-Single, Garage
•   
Parking Spaces: 4.0
Community Info
•   
Number Of Buildings: 1
Lot Info
•   
Zoning Type: LAR3
•   
Lot Size Area: 7573.0
•   
Acres: 0.1739
•   
Lot Size Units: Square Feet
Building Info
•   
Total Sq. Ft.: 2835.0
•   
MLS Property Type: Residential Income
•   
Number of Stories: 1
Listing Details, Costs & Financing Information
Financial Info
•   
Gross Income: 66180.0
Lease Info
•   
Net Operating Income: 43086.0
Listing Details
•   
Status: Active
•   
Originating System Name: CRMLS
Tax/Assessment Info
•   
APN: 4006010019
School Neighborhood & Directions
Location
•   
Zip Code: 90043
•   
Area: PHHT - Park Hills Heights
•   
Zip Code +4: 4052
•   
Directions: Hyde Park Blvd & 11th Ave
•   
Country: US

Property History for 6401 11th Avenue

10/12/2022
10/12/2022
CRMLS #22208607
active
CRMLS #22208607
$845,000

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