1136 W 6th St | Los Angeles, CA 90017
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- LoopNet Team
1136 W 6th St
Los Angeles, CA 90017
The Mint · Multifamily Property For Sale
·
42 Units
Investment Highlights
- Rare opportunity to acquire an eight-story, 42-unit trophy asset in prime Downtown Los Angeles
- Extensive structural upgrades, including seismic retrofit work and major building systems upgrades, including electric, elevators, and plumbing
- The Mint has potential to qualify for tax abatements under the Mills Act, which will reduce the overall annual tax burden
- Redeveloped to apartments in 2016; underwent expansive $12M renovation
- Not subject to Los Angeles City rent control resulting in rental upside potential
- Luxurious, well-designed units featuring a strong unit mix of (8) Studios, (16) 1BD/1BA, (7) 2BD/1BA, and (11) 2BD/2BA units
Property Facts
| No. Units | 42 | Building Size | 45,135 SF |
| Property Type | Multifamily | Average Occupancy | 93% |
| Property Subtype | Apartment | No. Stories | 8 |
| Apartment Style | Mid-Rise | Year Built | 2016 |
| Building Class | B | Parking Ratio | 0.93/1,000 SF |
| Lot Size | 0.25 AC | ||
| Zoning | LACW | ||
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.25 AC |
| Building Size | 45,135 SF |
| Average Occupancy | 93% |
| No. Stories | 8 |
| Year Built | 2016 |
| Parking Ratio | 0.93/1,000 SF |
| Zoning | LACW |
Amenities
Unit Amenities
- Heating
- Kitchen
- Granite Countertops
- Stainless Steel Appliances
- Range
- Views
Site Amenities
- Courtyard
- Roof Terrace
- Elevator
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 8 | - | 526 - 600 |
| 1+1 | 16 | - | 654 - 770 |
| 2+1 | 7 | - | 915 |
| 2+2 | 11 | - | 880 - 907 |
Property Taxes
| Parcel Number | 5143-024-015 | Improvements Assessment | $10,924,200 |
| Land Assessment | $7,282,800 | Total Assessment | $18,207,000 |
Property Taxes
Parcel Number
5143-024-015
Land Assessment
$7,282,800
Improvements Assessment
$10,924,200
Total Assessment
$18,207,000
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