6337 10th Avenue
Los Angeles, CA, 90043
$2,595,000
Beds
0 Baths
SqFt
0.26 Acres
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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 6.25% Cap Rate, this 1990 constructed property (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 and features four spacious 4-bedroom units, perfect for families, alongside two inviting 2-bedroom units. An assumable $1.56 million dollar loan with a remarkably low 3.17% interest rate, securely locked in until 2028 (with capped increases thereafter), results in notable positive leverage. With a 60% Loan-To-Value ratio (LTV) and a fantastic cash-on-cash return of 10.9%, this opportunity embodies an excellent investment prospect! This is a unique opportunity to secure today’s pricing at 6% cap rates + interest rates of 4 years ago + a reasonably high LTV, the combination of which are virtually unheard of in this market. Don’t miss out on this outstanding opportunity!

Property Details

Price:
$2,595,000
MLS #:
25517579
Status:
Active
Baths:
0
Address:
6337 10th Avenue
Type:
Residential Income
Neighborhood:
phhtparkhillsheights
City:
Los Angeles
Listed Date:
Mar 27, 2025
State:
CA
ZIP:
90043
Lot Size:
11,362 sqft / 0.26 acres (approx)
Year Built:
1990
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6337 10th Avenue
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