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6019 8Th Ave

Los Angeles, CA 90043
  • $1,775,000
  • STATUS: Active
  • ON SITE: 137 Days
  • MLS #: 21-761706
Price Reduced
$1,775,000
  • 15
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,660
    SQFT
  • $314
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:

School Ratings & Info

Description

6019 8th Avenue is a 6-unit property located in the rapidly improving area of South Los Angeles. The property consists of three 2+1's, two 3+2's, and one 2+2. Five of the six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. 6019 8th Avenue is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.8 miles from the brand new SoFi Stadium development, 4 miles from the LA Memorial Coliseum and University of Southern California campus, and 3.9 miles from the Kenneth Hahn State Recreation Area. Tenants with young children will enjoy walking them to either 59th Street Elementary School or Hyde Park Elementary School. The property is also a short 5 minute drive to the Van Ness Recreation Center and a variety of dining and shopping options. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/119377086
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6019 8Th Ave Los Angeles, CA 90043

  • Price: $1,775,000
  • Status: Active
  • On Site: 137 Days
  • MLS #: 21-761706
15
Beds
0
Baths
0
½ Baths
0.16
Acres
5,660
SQFT
$314
$/SQFT
1962
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
6019 8th Avenue is a 6-unit property located in the rapidly improving area of South Los Angeles. The property consists of three 2+1's, two 3+2's, and one 2+2. Five of the six units have been tastefully renovated, including stainless steel appliances and reimagined kitchens and bathrooms. Additionally, the property is fully parked and is individually metered for gas and electricity. There is also on-site laundry with owned machines for extra income. 6019 8th Avenue is central to major employment, freeways, and points of interest alike. Most errands can be accomplished by foot or with a short car ride. Moreover, the property lies a mere 2.8 miles from the brand new SoFi Stadium development, 4 miles from the LA Memorial Coliseum and University of Southern California campus, and 3.9 miles from the Kenneth Hahn State Recreation Area. Tenants with young children will enjoy walking them to either 59th Street Elementary School or Hyde Park Elementary School. The property is also a short 5 minute drive to the Van Ness Recreation Center and a variety of dining and shopping options. This is an excellent opportunity to acquire an investment property with steady and reliable cash flow with additional future upside.
Exterior Features

Covered Parking 6 Lot Size Area 7066 Other Structures Stall(S) Parking Garage CarportCovered ParkingUncoveredPrivate Total Parking 10

Interior Features

Baths Total 9.00 Cooling None Equipment Garbage DisposalRange/OvenRefrigeratorHood Fan Heating Wall Gas Laundry CommunityRoom Laundry Equipment Own

Property Features

Assessed Total Value 1118429 Gross Income 127764 Gross Operating Income 126231 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 87506.00 Number Of Buildings 1 Number Of Units 6 Rent Control YN Yes Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 38725 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Jordan Peikin DRE#02015987 of Clement Partners Real Estate.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-30T23:43:16.143. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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