PROBATE SALE, Subject to Court confirmation and over-bidding in Court. Sale was confirmed in Court on Feb 19th, 2021. Excellent 8-unit garden-style apartment in the Park Mesa Heights/Hyde Park neighborhood, less than 3 miles from the new SOFI Stadium & Inglewood Forum. Great upside potential. Zoned LAR3-1. Huge lot size, ideal for future development. For sale after 38 years! All 1 bed 1 bath units. 2 units delivered vacant. Separately metered for gas and electricity, & have individual water heaters. Some units have laundry hook-ups. Subject to City of L.A. Rent control ordinance.
| Property Highlights |
| Street |
6106 10th Ave
|
| City |
Los Angeles
|
| State |
CA
|
| Zip |
90043
|
| Status |
Sold
|
| Property Type |
Multi-family
|
| Asking Price |
$1,295,000
|
| Year Built |
1940
|
| Building Sq Ft |
3,840
|
| Number of units |
8
|
| CAP Rate |
4.47%
|
| GRM |
12.30
|
| Value per unit |
$161,875
|
| Value per Square Feet |
$337.24
|
| Broker Name |
Vinny Jain
|
| Telephone |
(310) 207 2288
|
| Email |
sales@iagpm.com
|
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