$925,000 Price Analysis   ♡   Los Angeles, CA 90043 8 bed 4 bath 3,120 SqFt ($296/SqFt) 9,179SqFt lot. Built 1952 Listed 2023-10-31, Taxes $5,888 | Ⓧ USDA Ineligible due to price & location near Van Ness |
PART OF A 2 BUILDING PORTFOLIO - sold together with adjacent lot 6215 3rd Ave for $1
* No Longer For Sale *
Your browser will attempt to redirect you to the city level in a few seconds.
750, 000 total (2 fourplexes - 8 total units). We're pleased to present an extremely rare nvestment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3, 120 SF fourplexes (both LAR3 Zoning) on two (2) adjacent lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd and 3rd Ave.
Built in 1950 and 1952 respectively, the buildings feature eight (8) 2+1 units, each separately metered, with a ttractive corner lot curb appeal, a large center courtyard and ample parking within the property gates, including 7 garage spaces with ADU potential (+10 additional on-site tandem spaces). 6 out of 8 units have minor interior updates, creating plenty of value-add potential. This package offers an excellent opportunity for any investor to capitalize on over 80% in rental upside, including an upcoming allowable rent increase of up to 7% beginning Feb 1, 2024.
Presented by Andrew Malekie at
Link Brokerages.
Property MLS #23-327213 from TheMLSCLAW
Full Bathrooms: 4
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 9179
Parking Total: 7
Calculated Total Monthly Association Fees: 0
Number of Units: 4
Unit Features: 1 BedsTotal: 2, 1 BathsTotal: 1, 1 SquareFeet: 2600, 2 BedsTotal: 2, 2 BathsTotal: 1, 2 SquareFeet: 2600, 3 BedsTotal: 2, 3 BathsTotal: 1, 3 SquareFeet: 2600, 4 BedsTotal: 2, 4 BathsTotal: 1, 4 SquareFeet: 2600
County: Los Angeles
Directions: On the corner of 3rd Ave & Hyde Park Blvd.
Source Property Type: Residential Income
Area: Park Hills Heights
Source Neighborhood: Park Hills Heights
Parcel Number: 4007-015-015
Postal Code Plus 4: 4200
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $139,241 + $309,432 $448,673 | $5,888 |
| 2021 | $136,511 + $303,365 $439,876 | $5,801 |
| 2020 | $135,112 + $300,255 $435,367 | $5,853 |
| 2019 | $132,463 + $294,368 $426,831 | $5,641 |
| 2018 | $129,866 + $288,597 $418,463 | $5,502 |
| 2017 | $127,320 + $282,939 $410,259 | $5,391 |
| 2016 | $124,824 + $277,392 $402,216 | $5,244 |
| 2015 | $122,950 + $273,226 $396,176 | $5,173 |
| 2014 | $120,542 + $267,874 $388,416 | $5,218 |
| 2013 | $119,998 + $266,664 $386,662 | $5,212 |
| 2012 | $80,000 + $200,000 $280,000 | $4,025 |
| 2010 | $80,000 + $200,000 $280,000 | $5,189 |
| 2009 | $114,750 + $255,000 $369,750 | $5,003 |
| 2009 | $114,478 + $254,395 $368,873 | $5,003 |
| 2008 | $46,828 + $22,379 $69,207 | $1,314 |
| 2007 | $45,910 + $21,941 $67,851 | $1,267 |
$920,000
TheMLSCLAW
Listed 2023-10-31
$925,000
TheMLSCLAW
Listing removed 2023-05-02
$0
TheMLSCLAW
Price Changed 2023-01-24
$1,024,999
TheMLSCLAW
Price Changed 2022-10-16
$975,000
TheMLSCLAW
Listed 2022-09-06
$1,200,000
TheMLSCLAW
Sold 2008-03-03
$362,500
Public Record
Year Built: 1952
Levels: Two Level
Living Area Source: Vendor Enhanced
Property Age: 72
Levels or Stories: 2
Building Total Stories: 2
Year Built Source: Vendor Enhanced
Map directions Map directions Map directionsThe property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.