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6223 S Van Ness Avenue
USD 800,000
Property ID: 24413695
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6223 S Van Ness Avenue ,90047
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icon 6003 SqFt
icon Built in 1936
icon USD 133/SqFt
icon 7 Beds
icon 5 Full
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Location Street View
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Interior Details
Bedrooms
7
Bathrooms
5
Interior Size
3082
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1936
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Detailed Introduction Of This Home
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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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6223 S Van Ness Avenue
USD 800,000 7 Beds
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