10.9% Cash on Cash with Assumable Financing 6337 10th Ave 6 Unit Apartment Building $3,600,459 CAD ($600,076 CAD/Unit) 6.25% Cap Rate Los Angeles, CA 90043

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 over 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!