7.2% Cap | 6 Units w/ 4 Oversized 4-Bed Units 6337 10th Ave 6 Unit Apartment Building $2,395,000 ($399,167/Unit) 7.20% Cap Rate Los Angeles, CA 90043

Incredible opportunity in the vibrant city of Los Angeles! This charming 6-unit property offers a remarkable chance to enhance and expand your real estate portfolio. With an attractive 7.2% Cap Rate, this building, constructed in 1990 (buyer to do own diligence on RSO restrictions), showcases significant potential for multiple ADUs and substantial rental growth.
Spanning a generous 8,309 square feet on an expansive 11,000 square foot lot, this property also boasts an astounding 12 parking spaces! It features four spacious 4-bedroom units, perfect for families, alongside two well-appointed 2-bedroom units. Larger, family-sized units like these consistently demonstrate more favorable expense ratios— operating costs don’t scale linearly with unit size—meaning stronger net operating income and greater long-term efficiency for owners.
Additionally, the property includes an assumable $1.55M loan with a remarkably low 3.17% interest rate locked through 2028 (with capped increases thereafter), resulting in substantial positive leverage. With a 65% Loan-to-Value (LTV) and a compelling 14.6% cash-on-cash return at the asking price, this offering embodies an exceptional investment profile.
This is an unusual chance to secure today’s pricing at a 7.2% cap rate, paired with interest rates from four years ago and a significantly favorable LTV—a combination virtually unheard of in today’s market. Don’t miss out on this outstanding opportunity!