6402 S Victoria Avenue

    Los Angeles (City), CA 90043
    • $2,249,000
    • STATUS: Active
    • ON SITE: 15 days
    • MLS #: 20564102
    UPDATED: 33 min ago
    $2,249,000
    • 15
      BEDS
    • 0.22
      ACRES
    • 12
      BATHS
    • 0
      1/2 BATHS
    • 8,093
      SQFT
    • $278
      $/SQFT
    Type:
    Multi-Family
    Built:
    1962
    County:

    School Ratings & Info

    Description

    Prime 10 Unit income producing apartment building located in Hyde Park, blocks from Inglewood, less than 2 miles from the soon to be completed NFL stadium, and in close proximity to Crenshaw Blvd. & LA's newest Metro Line. Rents provide strong stable income w/huge upside potential & an ideal unit mix of 1 & 2 bedroom units allows for low vacancy. Recent upgrades to property include new commercial water heater installation, landscaping, 4 renovated units w/laminate floors, & assorted interior upgrades as needed. Building amenities include electric gate opener w/secured entry & gated on-site parking w/9 spaces, on-site laundry for additional income, and separate meters for gas & electric. City of LA Mandatory Earthquake Retrofitting was COMPLETED w/City Permits & Final received. Annual Rent Increases to go into effect soon. Prime opportunity for new Owner to take advantage of rent increases & EQ Retrofit Tenant pass through costs. Do Not Walk Property. Showings with accepted offer only.

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    Based on information from CRISNet MLS as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T11:43:33.457. 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.

    Based on information from the i-Tech MLS as of 2020-03-30T11:43:33.457. 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.

    Licensed in the State of California, USA.
    www.jelmbergteam.com/homes/104163300

    6402 S Victoria Avenue Los Angeles (City), CA 90043

    • Price: $2,249,000
    • Status: Active
    • Updated: 33 min ago
    • MLS #: 20564102
    15
    Beds
    12
    Baths
    0
    ½ Baths
    0.22
    Acres
    8,093
    SQFT
    $278
    $/SQFT
    1962
    Built
    Neighborhood:
    Park Hills Heights (PHHT)
    County:
    Los Angeles
    Area:
    Park Hills Heights (PHHT)
    Property Description
    Prime 10 Unit income producing apartment building located in Hyde Park, blocks from Inglewood, less than 2 miles from the soon to be completed NFL stadium, and in close proximity to Crenshaw Blvd. & LA's newest Metro Line. Rents provide strong stable income w/huge upside potential & an ideal unit mix of 1 & 2 bedroom units allows for low vacancy. Recent upgrades to property include new commercial water heater installation, landscaping, 4 renovated units w/laminate floors, & assorted interior upgrades as needed. Building amenities include electric gate opener w/secured entry & gated on-site parking w/9 spaces, on-site laundry for additional income, and separate meters for gas & electric. City of LA Mandatory Earthquake Retrofitting was COMPLETED w/City Permits & Final received. Annual Rent Increases to go into effect soon. Prime opportunity for new Owner to take advantage of rent increases & EQ Retrofit Tenant pass through costs. Do Not Walk Property. Showings with accepted offer only.
    Exterior Features

    Parking Spaces Total 9 Parking Type Carport AttachedOther

    Interior Features

    Cooling Type None Heating Fuel Wall Gas Heating Type Wall Gas Interior Features Other Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Unfurnished Unit Furnished06 Unfurnished Unit Furnished07 Unfurnished Unit Furnished08 Unfurnished Unit Furnished09 Unfurnished Unit Furnished10 Unfurnished Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 2.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 2.0 Unit Number Of Bath04 1.0 Unit Number Of Bath05 1.0 Unit Number Of Bath06 1.0 Unit Number Of Bath07 1.0 Unit Number Of Bath08 1.0 Unit Number Of Bath09 1.0 Unit Number Of Bath10 1.0 Unit Number Of Bed01 2 Unit Number Of Bed02 1 Unit Number Of Bed03 2 Unit Number Of Bed04 2 Unit Number Of Bed05 2 Unit Number Of Bed06 1 Unit Number Of Bed07 1 Unit Number Of Bed08 1 Unit Number Of Bed09 1 Unit Number Of Bed10 2

    Property Features

    Adjusted Gross Income 147406.00 Association Name Victorian Arms Cap Rate 6.00 Country United States Of America Expense Total Annual 40000.00 Gross Operating Income 147406.00 Gross Rent Multiplier 15.00 Hoa YN N Legal Disclosures Take Property As IsRent ControlOther Lot Size Source Vendor Enhanced Net Operating Income 107406.00 Number Of Buildings 1 Owner Pays WaterOther Possession Close of Escrow Special Conditions Standard Sale Square Footage Source Vendor Enhanced Tenant Pays ElectricityGas Unit Monthly Rent01 1121.00 Unit Monthly Rent02 912.00 Unit Monthly Rent03 1406.00 Unit Monthly Rent04 1560.00 Unit Monthly Rent05 1791.00 Unit Monthly Rent06 1022.00 Unit Monthly Rent07 625.00 Unit Monthly Rent08 1022.00 Unit Monthly Rent09 1219.00 Unit Monthly Rent10 1605.00 Unit Projected Total Monthly Rent01 2151.00 Unit Projected Total Monthly Rent02 1668.00 Unit Projected Total Monthly Rent03 2151.00 Unit Projected Total Monthly Rent04 2151.00 Unit Projected Total Monthly Rent05 2151.00 Unit Projected Total Monthly Rent06 1668.00 Unit Projected Total Monthly Rent07 1668.00 Unit Projected Total Monthly Rent08 1668.00 Unit Projected Total Monthly Rent09 1668.00 Unit Projected Total Monthly Rent10 2151.00 Unit Total Monthly Rent01 1121.00 Unit Total Monthly Rent02 912.00 Unit Total Monthly Rent03 1406.00 Unit Total Monthly Rent04 1560.00 Unit Total Monthly Rent05 1791.00 Unit Total Monthly Rent06 1022.00 Unit Total Monthly Rent07 625.00 Unit Total Monthly Rent08 1022.00 Unit Total Monthly Rent09 1219.00 Unit Total Monthly Rent10 1605.00 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Unit Type05 5 Units Total In Complex 10 Zoning Lar3

    Listing provided courtesy of Erika Mlachak DRE#01777303 of Verde Realty, Inc..


    Based on information from CRISNet MLS as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-30T11:43:33.457. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-30T11:43:33.457. 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.

    Based on information from the i-Tech MLS as of 2020-03-30T11:43:33.457. 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.

    Licensed in the State of California, USA.
     
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