6333 8th Ave, Los Angeles, CA 90043

6333 8th Ave, Los Angeles, CA 90043

Los Angeles, CA
$1,125,000

Property Description

Well maintained 4-unit property located on a 11,359 Sq. Ft. lot zoned R3 in TOC Tier 3, presents an excellent redevelopment opportunity. Property consists of 4 separate buildings – two 1-bedroom units and two 2-bedroom units. One of the 2-beroom units will be delivered vacant in rent-ready condition. The other 3 units are rented (1Bed at $1,350, 2Bed at $803, & 1Bed at $850). New owner can redevelop the property utilizing density bonus or add two additional units and keep existing structures. In either case, this is investment with huge potential and upside.

Property Features

  • Sale Price: $1,125,000
  • Area Size: 3,080 SF
  • Land Area: 11,359 SF
  • Year Built: 1926
  • Listing Date: 6/8/2022
  • Units: 4
  • Current GRM: 17.19
  • Current Cap Rate: 3.8%
  • Market GRM: 10.9
  • Market Cap Rate: 6.88%

Lyon Stahl Investment Real Estate

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