CA > Los Angeles
Los Angeles, CA 90043,6416 S Victoria AVE
Los Angeles, CA 90043,6416 S Victoria AVE
Los Angeles, CA 90043,6416 S Victoria AVE
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,400,000
Est. payment /mo
12 Beds
10 Baths
6,244 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Pending

Purchase Type For Sale

Square Footage 6,244 sqft

Price per Sqft $224

MLS Listing ID 25612339

Bedrooms 12

HOA Y/N No

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 near 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)

Fireplace No

Exterior

Total Parking Spaces 10

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 4006009022

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Meir Frydman Keller Williams Los Angeles

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