This Multifamily Property is no longer advertised on LoopNet.com.
6715 10th Ave
Multifamily Property For Sale
·
7 Units
INVESTMENT HIGHLIGHTS
Desirable Opportunity to Redevelop Up to 25-Unit Apartment or to Build ADUs | Seven Single-Story Units on Large 11,333-Square Foot Lot
Rare LAR3 TOC Tier 3 Zoning - Outstanding Development Potential in Strong Hyde Park Apartment Market
TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit
Tremendous Value-Add Opportunity - Approximately 84% in Rental Upside | 9.87% Pro-Forma CAP Rate & 7.85 Pro-Forma GRM
Vacant Room (Former Laundry Room) & Total of 6 Garages – Potential to be Converted into ADUs (Buyer to Verify)
Close Proximity to Crenshaw/LAX Metro Transit Line (K Line) | Located 2 Miles from SoFi Stadium & The Forum
PROPERTY FACTS
No. Units
7
Property Type
Multifamily
Property Subtype
Apartment
Apartment Style
Low-Rise
Building Class
C
Lot Size
0.26 AC
Building Size
4,248 SF
Average Occupancy
100%
No. Stories
1
Year Built
1940
Parking Ratio
2.35/1,000 SF
UNIT MIX INFORMATION
DESCRIPTION
NO. UNITS
AVG. RENT/MO
SF
2+1
1
$987.00
-
1+1
6
$938.00
-
PROPERTY TAXES
Parcel Number
4006-026-009
Improvements Assessment
$255,327
Land Assessment
$597,699
Total Assessment
$853,026
ZONING
Zoning Code
LAR3 (TOC Tier 3)
