6223 S Van Ness Avenue, Los Angeles, CA 90047
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Listed Price :
$800,000
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Beds :
7
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Baths :
5
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Property Size :
3,082 sqft
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Year Built :
1936
Property Description
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.
Interior Features
Bedroom Information |
Bedrooms |
7 |
Bathroom Information |
Bathrooms |
5 |
Interior Information |
Cooling Type |
None |
Listing Information
Address |
6223 S Van Ness Avenue |
City |
Los Angeles |
State |
CA |
Zip |
90047 |
County |
Los Angeles |
Listing Agent |
Casey Lins DRE #01902650 |
Courtesy Of |
Kidder Mathews of California, Inc. |
List Price |
$800,000 |
Status |
Active |
Type |
Residential Income |
Structure Size |
3,082 |
Lot Size |
6,003 |
Year Built |
1936 |
Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc.. *Based on information from the Association of REALTORS/Multiple Listing as of Aug 29th, 2024 at 3:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.