$925,000 Price Analysis 6223 3rd AveLos 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 |
750, 000 total (2 fourplexes - 8 total units). We're pleased to p resent an extremely rare investment 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 unts, each separately metered, with attractive 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
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 |
The 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.