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1916 6TH Ave

Los Angeles, CA 90018
  • $1,810,000
  • STATUS: Active
  • ON SITE: 41 Days
  • MLS #: 22-145487
Price Reduced
UPDATED: 2 min ago
$1,810,000
  • 10
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,577
    SQFT
  • $325
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1913
County:

School Ratings & Info

Description

I am pleased to present the opportunity to acquire 1916 6th Avenue, a seven-unit apartment community located in Arlington Heights. 1916 6th Avenue is situated just southwest of the Washington & Arlington intersection within a highly desirable submarket in Mid-City Los Angeles. The well-maintained property built in 1913 consists of two studios and five two-bedroom units. Its 7,433 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has renovated 71% of the property while leaving upside in the remaining two units. The subject property is located within minutes of shopping and retail destinations, providing convenient access to daily errands and entertainment. The property features four on-site parking spots and on-site storage. The prime location of the asset along with the outstanding property condition & strong in place income makes 1916 6th Avenue an excellent acquisition opportunity.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T09:42:26.83. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/127604362
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1916 6TH Ave Los Angeles, CA 90018

  • Price: $1,810,000
  • Status: Active
  • On Site: 41 Days
  • Updated: 2 min ago
  • MLS #: 22-145487
10
Beds
0
Baths
0
½ Baths
0.17
Acres
5,577
SQFT
$325
$/SQFT
1913
Built
Neighborhood:
Mid Los Angeles
County:
Los Angeles
Area:
Mid Los Angeles
Property Description
I am pleased to present the opportunity to acquire 1916 6th Avenue, a seven-unit apartment community located in Arlington Heights. 1916 6th Avenue is situated just southwest of the Washington & Arlington intersection within a highly desirable submarket in Mid-City Los Angeles. The well-maintained property built in 1913 consists of two studios and five two-bedroom units. Its 7,433 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has renovated 71% of the property while leaving upside in the remaining two units. The subject property is located within minutes of shopping and retail destinations, providing convenient access to daily errands and entertainment. The property features four on-site parking spots and on-site storage. The prime location of the asset along with the outstanding property condition & strong in place income makes 1916 6th Avenue an excellent acquisition opportunity.
Exterior Features

Lot Size Area 7433 Other Structures None Parking Garage Uncovered Total Parking 4

Interior Features

Baths Total 7.00 Cooling Other Equipment Other Heating Other

Property Features

Assessed Total Value 1225526 Gross Income 139980 Gross Operating Income 137293 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 87115.00 Number Of Buildings 2 Number Of Units 7 Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Total Annual Expense 50177 Type Of Units Residential Year Built Source Assessor Zoning Lard2

Listing provided courtesy of Sean Rosenzweig DRE#01406343 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T09:42:26.83. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270