$800,000
- Beds
- 7
- sq ft
- 3,082
6223 S Van Ness Ave, Los Angeles, CA 90047
6223 S Van Ness Ave
Los Angeles, CA 90047
- 72 days on market
We are pleased to present a 4-unit property located in the Hyde Park neighborhood. This property is centrally located in close proximity to LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum, and multiple museums. This opportunity is also a short drive to Crenshaw/Leimert Park, Inglewood and provides easy access to the 105 & 110 freeways as well as the new LAX/Crenshaw metro rail line, offering tenants convenience to numerous nearby amenities. The building currently operates at a 13.68 GRM on current rents, with rental upside potential to a 6.47 GRM and a 12+% CAP on pro-forma rents. The property consists of three standalone structures, all constructed in 1936, with a strong unit mix comprised of 1 three-bedroom two-bath unit, 1 two-bedroom one-bath unit, and 2 one-bedroom one-bath units. The property also features five 1-car garages in the rear accessible from the alley providing potential for ADU conversions.
Details
Property type
Lot size
6,003 sq ft
Price per sq ft
$260
Year built
1936
HOA
No
Price History
08/29/2024
CLAW #24413695
Listed
$800,000
08/20/2024
CLAW #24413695
Pending
$800,000
07/10/2024
CLAW #24413695
Listed
$800,000
Schools & Community
Neighborhood:
Hyde Park
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/20/2024 at 11:30 AM
Listing updated: 08/29/2024 at 1:45 PM
Listed by: Casey Lins, Kidder Mathews of California, Inc. Phone #: (858) 369-3010
MLS: CLAW #24413695
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