DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. We are pleased to offer for sale a five-unit apartment community located at 2122-2124 6th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the… Read More Arlington Heights sub-market to the north. Situated on a 7,508 square foot parcel, the property is comprised of four one-bedroom units and one three-bedroom unit. All units have in-unit washer/dryers & 60% of the unit interiors have been upgraded with new kitchen appliances, granite countertops, re-finished original hardwood floors, bathroom tiles & unit 2124 has central AC. There are five on-site garages, two of which are not leased & one garage is being used as an office/bonus room by one of the tenants for additional income. The office/bonus room and empty storage unit can both potentially be converted into attached ADU's (Accessory Dwelling Unit) Buyer to verify. The continued gentrification of the surrounding area along with a strong value-add component of the deal makes 2122-2124 6th Avenue an excellent investment opportunity poised for long term healthy returns. Read Less
Property listed by Marcus & Millichap, Sean Rosenzweig 310-909-5500
Listing Snapshot
Days Online
64
Last Updated
Property Type
Other
Beds
7
Square Ft.
5,220
Lot Size
0.17 Acres
Year Built
1918
MLS Number
24438411
30 Days Snapshot Of 90018
$1,132k
+5%
(avg) sold price
8
-11%
homes sold
96
+54%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1918, Building area total: 5,220, Levels: Two, Living area: 5220, 2 stories, 2 buildings
Income
Gross income: $120,972, Net operating income: $77,978
Lot
0.1724 acres, 7,508 square feet, Size: 7,508
Parking
6 totals parking, Garage, Uncovered
Property
Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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