6337 10th Avenue,Los Angeles, CA 90043
Los Angeles, CA 90043
Description
Take advantage of an outstanding investment opportunity in Los Angeles delivering a 12.8% cash-on-cash return at the asking price, fueled by the assumption of a $1.56M loan at a fixed 3.17% interest rate locked through 2028--with capped increases thereafter. This rare financing structure creates highly attractive positive leverage in a market where such terms are virtually unavailable today. Offered at a 6.8% Cap Rate, the property was built in 1990 (buyer to verify RSO status) and spans 8,309 square feet on an 11,360 square foot lot, with an impressive 12 parking spaces. The building features four expansive 4-bedroom units and two well-sized 2-bedroom units, offering strong appeal for renters and ample potential for rental growth. There's also meaningful ADU upside, allowing a new owner to further enhance returns. With a 62.5% loan-to-value ratio at asking price, this deal combines today's pricing with cap rates of nearly 7%, interest rates from four years ago, and a favorable leverage structure, making it a uniquely compelling acquisition in today's environment. Don't miss the chance to secure this high-performing asset in a prime Los Angeles location.
Details
| MLS # | 25517579 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1990 |
| Days On Site | 102 |
| Listing Provided By | Global Platinum Properties, Inc. | Armin Soleimani |
Features
| Bed(s) | 20 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 8,309 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 6 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.26 |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
Parking
| Attached Garage Yes / No | Yes |
|---|---|
| Parking Features | Attached Carport, Assigned |
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | PHHT Park Hills Heights |
