6036 10th AVE, Los Angeles, CA 90043
6036 10th AVE, Los Angeles, CA 90043
6036 10th AVE, Los Angeles, CA 90043
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$2,395,000
Est. payment /mo
14 Beds
14 Baths
6,900 SqFt
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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 6,900 sqft

Price per Sqft $347

MLS Listing ID 26868767

Bedrooms 14

HOA Y/N No

Year Built 1949

Lot Size 0.348 Acres

Property Description

We are pleased to present 6036 10th Avenue, a 14-unit apartment community situated on a 15,168 square foot lot in the Hyde Park / Park Mesa Heights neighborhood of Los Angeles. Built in 1949, the property comprises 6,900 rentable square feet across a series of single-story, bungalow-court buildings arranged around a landscaped central walkway giving each unit its own private entrance and a house-like feel that sets it apart from surrounding rental stock. Offered at a going-in 8.24% Cap Rate, the property offers investors strong current cash flow alongside a path to future upside. The building offers a clean, uniform mix of fourteen one-bedroom/one-bath units, including two newly constructed ADUs (6044 1/2 and 6050 1/2), a straightforward configuration that keeps operations simple while appealing to a broad, stable tenant base. Many units have been renovated as leases have turned, featuring white shaker cabinetry, quartz countertops, subway-tile backsplashes, stainless appliances, and updated vinyl-plank or hardwood flooring with the remaining units offering clear interior upside on future turnover. Located in the Crenshaw corridor, the property sits minutes from the Metro K (Crenshaw/LAX) Line and offers convenient access to SoFi Stadium and the Inglewood entertainment district, Culver City, Downtown Los Angeles, and LAX a submarket drawing sustained investment and steady workforce-housing demand.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Uncovered

Total Parking Spaces 6

Building

Story 1

Entry Level One

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4006001020

Special Listing Condition Standard

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Listed by Joshua Cohen Keller Williams Realty #01346713

NEARBY SCHOOL & BUSINESS

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