6401 11th Avenue, Los Angeles, CA 90043

About this property

As of Nov 15th price reduced and going in cap rate 5.10% and 12.7 GRM. Best income metrics in the area and priced to SELL. We are pleased to present 6401 11th Avenue, a 4-unit investment property in Los Angeles, California. The property is located between Hyde Park Boulevard and 63rd Street just around the corner from Hyde Park Elementary School. This area is a solid majority-renter market with low vacancy rates. 6401 11th Avenue consists of three 1 bedroom units and one 2 bedroom 1 bathroom unit. All of the units are separately metered for gas and electricity. The property also offers four single car garages. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Listing description from the April 2023 sale, as reported to CRMLS.

Sale history

$780,000

Sold April 2023 · listed $845,000, orig. $925,000, on market October 2022 · MLS #22208607 · Source: CRMLS

Listing Agent: Jonathan Weir · Listing Office: Marcus & Millichap · Contact: 424-405-3900 · Bought with: Charles Chung · Integrity Realty Services and Investments Group

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