6402 S VICTORIA Avenue, Los Angeles, CA 90043
Property · 3 recorded sales since 2015
Sold June 2022
Listing Agent: Casey Lins (DRE #01902650) · Listing Office: Kidder Mathews of California, Inc. · Contact: 858-369-3010 · Bought with: Mike Iryami · BRC Advisors- BH · MLS #22136453 · Source: CRMLS
About this property
The Victorian Arms Apartments is a 10 unit multi-family building located along the new LAX/Crenshaw metro rail line. The building features large units, averaging +/- 800 SF in size, natural light throughout, off-street parking, and on-site laundry for all tenants. The property has been well maintained, with recent updates including: 1) New central water heater, 2) New laundry machines, 3) Earthquake retrofit completed with permits, and 4) Four unit renovations with updates including new flooring, remodeled kitchen, new stainless-steel appliances, large farmhouse style kitchen sink, and air conditioning. The Victorian Arms Apartments unit mix consists of five (5) one-bedroom + one-bathroom units, three (3) two- bedroom + one-bathroom units, one (1) two-bedroom + one-half- bathroom unit, and one (1) two- bedroom + two-bathroom unit. Currently operating at a conservative 4.54% CAP rate with over 38% rental upside remaining, the building is fit for any and all investors. Whether you are looking to build your portfolio, execute a semi value- add process, or buy and hold, the Victorian Arms Apartments is positioned as an opportunity for equity growth for decades to come. Contact the listing broker for additional information.
Listing description from the June 2022 sale, as reported to CRMLS.
Sale history
