6715 10th Ave | Los Angeles, CA 90043
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- LoopNet Team
6715 10th Ave
Los Angeles, CA 90043
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
- Desirable Opportunity to Redevelop Up to 25-Unit Apartment or to Build ADUs | Seven Single-Story Units on Large 11,333-Square Foot Lot
- Rare LAR3 TOC Tier 3 Zoning - Outstanding Development Potential in Strong Hyde Park Apartment Market
- TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit
- Tremendous Value-Add Opportunity - Approximately 84% in Rental Upside | 9.87% Pro-Forma CAP Rate & 7.85 Pro-Forma GRM
- Vacant Room (Former Laundry Room) & Total of 6 Garages – Potential to be Converted into ADUs (Buyer to Verify)
- Close Proximity to Crenshaw/LAX Metro Transit Line (K Line) | Located 2 Miles from SoFi Stadium & The Forum
PROPERTY FACTS
| No. Units | 7 | Building Size | 4,248 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 2.35/1,000 SF |
| Lot Size | 0.26 AC | ||
| Zoning | LAR3 - TOC Tier 3 | ||
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,248 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 2.35/1,000 SF |
| Zoning | LAR3 - TOC Tier 3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 1 | $987.00 | - |
| 1+1 | 6 | $938.00 | - |
PROPERTY TAXES
| Parcel Number | 4006-026-009 | Improvements Assessment | $260,433 |
| Land Assessment | $609,652 | Total Assessment | $870,085 |
PROPERTY TAXES
Parcel Number
4006-026-009
Land Assessment
$609,652
Improvements Assessment
$260,433
Total Assessment
$870,085
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