6223 S Van Ness Avenue

Los Angeles, CA 90047

$800,000

Listed Price
7

bed Beds

5

shower Baths

3,082 sqft

straighten / sqft

1936

calendar_month Built

Property Description

We are pleased to present a 4-unit property located in the Hyde Park neighborhood. This property is centrally located in close proximity to LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum, and multiple museums. This opportunity is also a short drive to Crenshaw/Leimert Park, Inglewood and provides easy access to the 105 & 110 freeways as well as the new LAX/Crenshaw metro rail line, offering tenants convenience to numerous nearby amenities. The building currently operates at a 13.68 GRM on current rents, with rental upside potential to a 6.47 GRM and a 12+% CAP on pro-forma rents. The property consists of three standalone structures, all constructed in 1936, with a strong unit mix comprised of 1 three-bedroom two-bath unit, 1 two-bedroom one-bath unit, and 2 one-bedroom one-bath units. The property also features five 1-car garages in the rear accessible from the alley providing potential for ADU conversions.

Interior Features

Bedroom Information
Bedrooms 7
Bathroom Information
Bathrooms 5
Interior Information
Cooling Type None

Listing Information

Address 6223 S Van Ness Avenue
City Los Angeles
State CA
Zip 90047
County Los Angeles
Listing Agent Casey Lins DRE#01902650
Courtesy Of Kidder Mathews of California, Inc.
MLS 24413695
List Price $800,000
Status Active
Type Residential Income
Structure Size 3,082
Lot Size 6,003
Year Built 1936
DOM 50

Exterior Information

Maps

Listing information courtesy of: Casey Lins, Kidder Mathews of California, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Aug 29th, 2024 at 3:50 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.