We are proud to introduce an exceptional multifamily investment opportunity: a 12 unit value add asset located at 6214 South Victoria Avenue in the vibrant Hyde Park neighborhood. This offering presents significant upside potential, with projected rental upside of approximately 42%, all while being offered at an attractive 6.12% Cap… Read More Rate and $180 per sf, a compelling combination for investors seeking both stability and growth. Property highlights include: 12 Units Total (2) spacious 2 Bed / 2 Bath units, (9) well appointed 1 Bed / 1 Bath units, and (1) Studio. 9,405 SF Building featuring front balconies, generous floor plans, and one parking space per unit. Additional Income Stream from onsite, leased laundry facilities. Strong Building Systems with individual gas & electric meters, and completed soft story seismic retrofit. LOCATION ADVANTAGES: With a Walk Score of 74, residents enjoy convenient access to daily essentials, neighborhood amenities, and local retail, many within walking distance. The property is ideally positioned near public transit, including the nearby Metro line, and is surrounded by schools and community resources serving Hyde Park and Leimert Park. This connectivity enhances tenant demand and long term rental performance. Read Less
Property listed by Keller Williams Realty, Joshua Cohen 310-375-3511
Listing Snapshot
Days Online
71
Last Updated
Beds
13
3/4 Baths
14
Square Ft.
9,405
Lot Size
0.26 Acres
Year Built
1964
MLS Number
26830365
Additional Details
Building
Built in 1964, Living area: 9405.0, 1 building, Levels: Two
Cooling
None
Heating
ForcedAir
Income
Gross Income: $181,235, Net Operating Income: $103,654
Lot
0.2611 acres
Parking
12 total parking spaces, Covered
Taxes
Parcel Number: 4006004022, Zoning: LAR3
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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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