6715 10th Ave | Los Angeles, CA 90043
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- LoopNet Team
6715 10th Ave
Los Angeles, CA 90043
Multifamily Property For Sale · 7 Units
Investment Highlights
- Desirable Opportunity to Redevelop Up to 25-Unit Apartment or to Build ADUs | Seven Single-Story Units on Large 11,333-Square Foot Lot
- Rare LAR3 TOC Tier 3 Zoning - Outstanding Development Potential in Strong Hyde Park Apartment Market
- TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit
- Tremendous Value-Add Opportunity - Approximately 84% in Rental Upside | 9.87% Pro-Forma CAP Rate & 7.85 Pro-Forma GRM
- Vacant Room (Former Laundry Room) & Total of 6 Garages – Potential to be Converted into ADUs (Buyer to Verify)
- Close Proximity to Crenshaw/LAX Metro Transit Line (K Line) | Located 2 Miles from SoFi Stadium & The Forum
PROPERTY FACTS
| No. Units | 7 | Building Size | 4,248 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low Rise | Year Built | 1940 |
| Building Class | C | Parking Ratio | 2.35/1,000 SF |
| Lot Size | 0.26 AC |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.26 AC |
| Building Size | 4,248 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1940 |
| Parking Ratio | 2.35/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $987.00 | - |
| 1+1 | 6 | $938.00 | - |
PROPERTY TAXES
| Parcel Number | 4006-026-009 | Improvements Assessment | $368,623 |
| Land Assessment | $862,916 | Total Assessment | $1,231,539 |
PROPERTY TAXES
Parcel Number
4006-026-009
Land Assessment
$862,916
Improvements Assessment
$368,623
Total Assessment
$1,231,539
zoning
| Zoning Code | LAR3 (TOC Tier 3) |
| LAR3 (TOC Tier 3) |
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