6720 West Blvd, Los Angeles, CA 90043

6720 West Blvd, Los Angeles, CA 90043

Los Angeles, CA

Property Description

We are proud to present 6720 West Boulevard, a beautifully renovated, turnkey, 8-unit apartment building, located in the up and coming Hyde Park neighborhood of Los Angeles. Built in 1950, the 6,720 square foot building sits on a large 10,286 square foot lot and is comprised of eight (8) two-bedroom/one-bathroom units. All but one unit has been completely remodeled featuring AC, new vinyl flooring, remodeled kitchens and bathrooms, copper plumbing throughout, and an upgraded roof. Each unit has its own water heater and is separately metered for gas & electricity, plus there is an additional 9th gas & electric meter for the entire building. The property has a communal laundry area with washer/dryer as well as 12 parking spaces on-site. 6720 West Boulevard is located in close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line offering tenants easy transit to much of Los Angeles. Additionally, the location is approximately three miles north of SoFi Stadium and the future site of the Los Angeles Clippers. With the ease of transportation, as well as the economic growth provided by Inglewood’s rapid growth, 6720 West Blvd offers an excellent opportunity for an astute investor.

Property Features

  • Sale Price: $2,355,000
  • Area Size: 6,720 SF
  • Land Area: 10,286 SF
  • Year Built: 1950
  • Listing Date: 11/16/2020
  • Units: 8
  • Current GRM: 11.79
  • Current Cap Rate: 5.82%
  • Price Per Unit: $294,375
  • Market GRM: 10.81
  • Market Cap Rate: 6.29%
  • Current NOI: $137,039

Lyon Stahl Investment Real Estate

Keep In Touch