6416 S Victoria AVE new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90043
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,244 sqft
Price per Sqft $224
MLS Listing ID 25612339
Bedrooms 12
Year Built 1955
Lot Size 9,465 Sqft
Property Description
The property for sale is a 10-unit apartment complex located at 6416 S Victoria Avenue, Los Angeles CA 90043. The 6,244 square foot two story apartment was built in 1955 and is situated over a 9,467 square foot lot & is zoned LAR3. The ten-unit apartment consists of two 2 bedroom / 1 bathroom units and eight 1 bedroom / 1 bathroom units. There are 10 on-site parking spots located at the back of the property. The property has approximately 32% remaining rental upside through unit renovations. A savvy investor can also take advantage of higher potential rents by renting to Section 8 tenants which pay higher than current market rents for the 90043 zip code. The Housing Authority of the City of Los Angeles (HACLA) voucher payment standards pays up to $2,289 for 1Bedroom units & $2,887 for 2 bedroom units. There are multiple developments that are currently underway in the area and in planning stages. The location offers unparalleled convenience in one of LA's most desirable areas. The property is within walking distance to several restaurants, cafes, bars, grocery stores, shopping centers and spiritual centers. The area is a diverse community that is being gentrified in a quiet neighborhood in the center of Los Angeles. The sub-market witnessed a relatively strong rental demand for hundreds of new units during the past 12 months.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Cooling Wall/Window Unit(s)
Building
Story 2
New Construction No
Others
Special Listing Condition Standard