2015 6th Ave
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2015 6th Ave
4 Unit Apartment Building Offered at $999,000 at a 5.32% Cap Rate in Los Angeles, CA 90018
Executive Summary
Introducing 2015-2017 6th Avenue, a well maintained quadruplex property with substantial value-add potential. Situated strategically in close proximity to major thoroughfares and the 10-freeway, this property offers seamless accessibility to both Culver City and Downtown Los Angeles. The unit configuration comprises two generously sized 2-bedroom & 2-bathroom residences, complemented by two 1-bedroom & 1-bathroom units. Notably, the two smaller units are thoughtfully positioned above two 2-car garages, presenting an exceptional opportunity for the incorporation of Accessory Dwelling Units (ADUs). This advantageous feature not only augments the property's income potential but also aligns with current real estate trends. This quadruplex epitomizes a prime investment prospect, combining an appealing unit mix, a strategic location, and the potential for additional income streams through ADU expansion. Discerning investors aiming to capitalize on the dynamic real estate market of Southern California will find this offering both compelling and strategically poised for growth.
Financial Summary (Actual - 2022) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$67,872
|
$18.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$67,872
|
$18.25
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$14,731
|
$3.96
|
| Net Operating Income |
$53,141
|
$14.29
|
Financial Summary (Actual - 2022)
| Gross Rental Income | |
|---|---|
| Annual | $67,872 |
| Annual Per SF | $18.25 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $67,872 |
| Annual Per SF | $18.25 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $14,731 |
| Annual Per SF | $3.96 |
| Net Operating Income | |
|---|---|
| Annual | $53,141 |
| Annual Per SF | $14.29 |
Property Facts In Escrow
| Price | $999,000 | Property Type | Multifamily |
| Price Per Unit | $249,750 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,720 SF |
| Cap Rate | 5.32% | Average Occupancy | 100% |
| Gross Rent Multiplier | 17.3 | No. Stories | 2 |
| No. Units | 4 | Year Built | 1948 |
| Price | $999,000 |
| Price Per Unit | $249,750 |
| Sale Type | Investment |
| Cap Rate | 5.32% |
| Gross Rent Multiplier | 17.3 |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.17 AC |
| Building Size | 3,720 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1948 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 2 | $1,552 | - |
| 1+1 | 2 | $1,275 | - |
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Walk Score®
Very Walkable (85)
PROPERTY TAXES
| Parcel Number | 5060-022-019 | Improvements Assessment | $405,756 (2024) |
| Land Assessment | $619,038 (2024) | Total Assessment | $1,024,794 (2024) |
PROPERTY TAXES
Parcel Number
5060-022-019
Land Assessment
$619,038 (2024)
Improvements Assessment
$405,756 (2024)
Total Assessment
$1,024,794 (2024)
zoning
| Zoning Code | LARD2 (Multi-Family Establishment) |
| LARD2 (Multi-Family Establishment) |
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2015 6th Ave
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