6019 8TH Avenue

    Los Angeles (City), CA 90043
    • $1,600,000
    • STATUS: Active
    • ON SITE: 30 days
    • ID#: 19426424
    UPDATED: 198 min ago
    $1,600,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,660
      SQFT
    • $283
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Centrally located in the Dorset Village area of Los Angeles. The 6-Unit building spans 5,660 square feet and is situated on a 7,066 square foot lot. The building consists of one 3-Bed/2-Bath, one 2-Bed/2-Bath, four 2-Bed/1-Bath & 9 parking spaces. Each unit is individually metered for gas and electricity. Newly remodeled units include updated kitchens with stainless steel appliances, updated bathrooms, & bright, spacious living and bedrooms. Located within close proximity to the upcoming Crenshaw/LAX Metro line, 0.5mi from future Hyde Park Station. The building is within blocks of the Baldwin Hills Crenshaw Shopping Plaza which is currently undergoing a $700M renovation. The property is less than 4 miles from the upcoming L.A. Stadium and Entertainment District at Hollywood Park Redevelopment. This property is a great value with excellent market appreciation in a rapidly developing neighborhood. Brokers and agents see private remarks for showing info.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
    www.bestlahomefinder.com/homes/91114122

    6019 8TH Avenue Los Angeles (City), CA 90043

    • Price: $1,600,000
    • Status: Active
    • Updated: 198 min ago
    • ID#: 19426424
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    5,660
    SQFT
    $283
    $/SQFT
    1962
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    Centrally located in the Dorset Village area of Los Angeles. The 6-Unit building spans 5,660 square feet and is situated on a 7,066 square foot lot. The building consists of one 3-Bed/2-Bath, one 2-Bed/2-Bath, four 2-Bed/1-Bath & 9 parking spaces. Each unit is individually metered for gas and electricity. Newly remodeled units include updated kitchens with stainless steel appliances, updated bathrooms, & bright, spacious living and bedrooms. Located within close proximity to the upcoming Crenshaw/LAX Metro line, 0.5mi from future Hyde Park Station. The building is within blocks of the Baldwin Hills Crenshaw Shopping Plaza which is currently undergoing a $700M renovation. The property is less than 4 miles from the upcoming L.A. Stadium and Entertainment District at Hollywood Park Redevelopment. This property is a great value with excellent market appreciation in a rapidly developing neighborhood. Brokers and agents see private remarks for showing info.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features Carport Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling None Cooling YN No Laundry Features Washer IncludedDryer Included

    Property Features

    Cap Rate 5.51 Gross Multiplier 12.51 Gross Operating Income 124066.00 Improvements Amount 229115 Land Value 133646 Laundry Income 75.00 Laundry YN Yes Net Operating Income 88093.00 Special Listing Conditions Standard Total Expenses 35973.00 Zoning Lar3

    Listing provided courtesy of R Kip Kolodziejski of Clement Partners Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-02-22T01:01:56.25. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. Licensed in the State of California, USA.
     
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