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6223 3rd Ave

Los Angeles, CA 90043
  • $975,000
  • STATUS: Active Under Contract
  • ON SITE: 88 Days
  • ID#: 22-195589
Under Contract
UPDATED: 51 min ago
$975,000
  • 8
    BEDS
  • 0.21
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,120
    SQFT
  • $313
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1952
County:

School Ratings & Info

Description

PRICE REDUCTION - This property is part of a 2 building portfolio - sold together with adjacent lot 6215 3rd Ave for $1,950,000 total. First time on the market since 2008, 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 lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952, 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. 6 out of 8 units have minor interior updates, creating plenty of room for renovations and high value-add potential.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-03T14:43:10.623. 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.realestatetoolbox.com/homes/132819798
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6223 3rd Ave Los Angeles, CA 90043

  • Price: $975,000
  • Status: Active Under Contract
  • On Site: 88 Days
  • Updated: 51 min ago
  • ID#: 22-195589
8
Beds
0
Baths
0
½ Baths
0.21
Acres
3,120
SQFT
$313
$/SQFT
1952
Built
Neighborhood:
Park Hills Heights
County:
Los Angeles
Area:
Park Hills Heights
Property Description
PRICE REDUCTION - This property is part of a 2 building portfolio - sold together with adjacent lot 6215 3rd Ave for $1,950,000 total. First time on the market since 2008, 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 lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952, 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. 6 out of 8 units have minor interior updates, creating plenty of room for renovations and high value-add potential.
Exterior Features

Direction Faces North Exterior Construction Stucco Garage Structures Total 2 Levels Two Lot Description Automatic GateBack YardCurbsFencedFenced YardFront YardCorners EstablishedLawnYard Lot Location CityCorner Lot Lot Size Area 9176 Other Structures None Parking Garage DetachedDriveway GateGatedOversizedDriveway - Concrete Patio Features None Paved YN Yes Pool Description None Pool YN No Roof Tile Spa None Spa YN No Style Low Rise Tennis Court None Tennis YN No Total Parking 4 View Description None View YN No Water Frontage None

Interior Features

Baths Total 4.00 Common Walls Detached/No Common Walls Cooking Appliances Cooktop - GasMicrowaveOvenRange Cooling Window Unit(S) Den No Dining Room No Equipment CableDishwasherMicrowaveRange/OvenRefrigerator Family Room No Fireplace Rooms BathGasKitchenLiving Room Heating Other Rooms Entry Water Heater Features Water Heater Unit

Property Features

Amenities None Assessed Total Value 439876 Gross Income 59616 Gross Operating Income 59616 Like Units1 4 Net Operating Income 30785.22 Number Of Buildings 1 Number Of Units 4 Owner Pays GardenerGasOther Property Condition Additions/Alter Rent Control YN Yes Sale Type Standard Security Features Automatic GateGated Sewer In Street Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays ElectricityWater Total Annual Expense 27400 Type Of Units 4 Water Public Water Heaters YN Yes Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Coby Chatwin DRE# of Link Brokerages: 951-500-5271.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-12-03T14:43:10.623. 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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