6223 3Rd Avenue, Los Angeles, CA 90043
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Sold Price :
$920,000
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Beds :
8
-
Baths :
4
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Property Size :
3,120 sqft
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Year Built :
1952
Property Description
PART OF A 2 BUILDING PORTFOLIO - sold together with adjacent lot 6215 3rd Ave for $1,750,000 total (2 fourplexes - 8 total units). We're pleased to present an extremely rare investment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3,120 SF fourplexes (both LAR3 Zoning) on two (2) adjacent lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952 respectively, the buildings feature eight (8) 2+1 units, each separately metered, with attractive corner lot curb appeal, a large center courtyard, and ample parking within the property gates, including 7 garage spaces with ADU potential (+10 additional on-site tandem spaces). 6 out of 8 units only have minor interior updates, creating plenty of value-add potential. This package offers an excellent opportunity for any investor to capitalize on over 80% in rental upside, including an upcoming allowable rent increase of up to 7% beginning Feb 1, 2024.
Interior Features
| Bedroom Information |
| Bedrooms |
8 |
| Bathroom Information |
| Bathrooms |
4 |
Listing Information
| Address |
6223 3Rd Avenue |
| City |
Los Angeles |
| State |
CA |
| Zip |
90043 |
| County |
Los Angeles |
| Listing Agent |
Andrew Malekie DRE #02153774 |
| Co-Listing Agent |
Coby Chatwin DRE #01998822 |
| Courtesy Of |
Link Brokerages |
| Close Price |
$920,000 |
| Status |
Closed |
| Type |
Residential Income |
| Structure Size |
3,120 |
| Lot Size |
9,179 |
| Year Built |
1952 |
Listing information courtesy of: Andrew Malekie, Coby Chatwin, Link Brokerages. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 5th, 2024 at 4:58 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
