Homes for sale - 6333 8th AVE, Los Angeles, CA 90043

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Tracy Thrower Conyers

team@homesforsalebeachcities.com +1(424) 229-1634

$1,050,000

Est. payment - /mo

0.26 Acres Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25167775

HOA Y/N No

Year Built 1926

Lot Size 0.261 Acres

Property Sub-Type Quadruplex

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 or adding multiple ADUs(buyer to verify). Property consists of 4 separate buildings - two 1-bedroom units ($989, $2,340) and two 2-bedroom units ($837, $2,650). Property is generating $81,792 of total Rental Income and has very low expenses. With rental upside of over 46% and possibility to add ADUs the property presents an outstanding value-add opportunity. 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.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating None

Cooling None

Flooring Laminate

Fireplaces Type None

Fireplace No

Laundry None

Exterior

Fence None

Pool None

Community Features Street Lights, Sidewalks, Urban

View Y/N No

View None

Roof Type None

Accessibility None

Total Parking Spaces 8

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4006012016

Acceptable Financing Cash, Conventional, 1031 Exchange, FHA

Listing Terms Cash, Conventional, 1031 Exchange, FHA

Special Listing Condition Standard

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Listed by Evelyn Baez Gonzalez Lyon Stahl Investment Real Estate, Inc. 951-902-3006

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Tracy Thrower Conyers

+1(424) 229-1634

Broker Associate, JD | License ID: 01712960

Broker Associate, JD License ID: 01712960

6333 8th AVE Los Angeles, CA 90043

Tracy Thrower Conyers

Key Details

Location

Interior

Exterior

Building

Others