Skip To Content

6223 3rd Avenue

Los Angeles (City), CA 90043
  • $920,000
  • STATUS: Closed
  • ON SITE: 173 Days
  • ID#: 23327213
Sold - 04/04/2024
$920,000
SOLD - 04/04/2024
  • 8
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,120
    SQFT
  • $295
    $/SQFT
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Listing Agent(s): Andrew Malekie of Link Brokerages (310-695-6510) and Coby Chatwin of Link Brokerages(310-695-6510)


Description

PART OF A 2 BUILDING PORTFOLIO - sold together with adjacent lot 6215 3rd Ave for $1,750,000 total (2 fourplexes - 8 total units). We're pleased to present an extremely rare investment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3,120 SF fourplexes (both LAR3 Zoning) on two (2) adjacent lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952 respectively, the buildings feature eight (8) 2+1 units, each separately metered, with attractive corner lot curb appeal, a large center courtyard, and ample parking within the property gates, including 7 garage spaces with ADU potential (+10 additional on-site tandem spaces). 6 out of 8 units only have minor interior updates, creating plenty of value-add potential. This package offers an excellent opportunity for any investor to capitalize on over 80% in rental upside, including an upcoming allowable rent increase of up to 7% beginning Feb 1, 2024.

Sold by Subscriber Non of Non-Participant Office.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 or COMPASS. Licensed in the State of California, USA.
www.reiferhomes.com/homes/144883847
Print Image

6223 3rd Avenue Los Angeles (City), CA 90043

  • Price: $925,000
  • Status: Closed
  • On Site: 173 Days
  • ID#: 23327213
8
Beds
0
Baths
0
½ Baths
0.21
Acres
3,120
SQFT
$295
$/SQFT
1952
Built
Neighborhood:
PHHT - Park Hills Heights
County:
Los Angeles
Area:
PHHT - Park Hills Heights
Property Description
PART OF A 2 BUILDING PORTFOLIO - sold together with adjacent lot 6215 3rd Ave for $1,750,000 total (2 fourplexes - 8 total units). We're pleased to present an extremely rare investment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3,120 SF fourplexes (both LAR3 Zoning) on two (2) adjacent lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952 respectively, the buildings feature eight (8) 2+1 units, each separately metered, with attractive corner lot curb appeal, a large center courtyard, and ample parking within the property gates, including 7 garage spaces with ADU potential (+10 additional on-site tandem spaces). 6 out of 8 units only have minor interior updates, creating plenty of value-add potential. This package offers an excellent opportunity for any investor to capitalize on over 80% in rental upside, including an upcoming allowable rent increase of up to 7% beginning Feb 1, 2024.
Exterior Features

Attached Garage YN 0 Parking Features GarageGatedOversizedTandem Parking Total 7

Interior Features

Appliances DishwasherMicrowaveRefrigerator

Property Features

Association YN No Buyer Financing Cash Garage YN Yes Gross Income 59616 Levels Two Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 30785 New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Tenant Pays ElectricityWater Vacancy Allowance Rate 0 Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-21T12:21:09.123. 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 or COMPASS. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372101996-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372101996-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372101996-2.jpg
Logo
COMPASS
6930 Indiana Ave, Suite 1
Riverside CA, 92506
Listing Agent(s): Andrew Malekie of Link Brokerages (310-695-6510) and Coby Chatwin of Link Brokerages(310-695-6510)