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6223 3rd Ave, Los Angeles, CA 90043
$920,000
6223 3rd Ave, Los Angeles, CA 90043View this property at 6223 3rd Ave, Los Angeles, CA 90043
6223 3rd AveLos AngelesCA90043
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Property Description
PART OF A 2 BUILDING PORTFOLIO - sold together with adjacent lot 6215 3rd Ave for $1,750,000 total (2 fourplexes - 8 total units). We're pleased to present an extremely rare investment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3,120 SF fourplexes (both LAR3 Zoning) on two (2) adjacent lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952 respectively, the buildings feature eight (8) 2+1 units, each separately metered, with attractive corner lot curb appeal, a large center courtyard, and ample parking within the property gates, including 7 garage spaces with ADU potential (+10 additional on-site tandem spaces). 6 out of 8 units only have minor interior updates, creating plenty of value-add potential. This package offers an excellent opportunity for any investor to capitalize on over 80% in rental upside, including an upcoming allowable rent increase of up to 7% beginning Feb 1, 2024.
Full Property Details
Full Property Details for 6223 3rd Ave
General
- Sold For: $920,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-327213
- Added to Site: 203 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Additional Information
- Other Features: None
Parking
- Garage Description: Detached, Garage, Gated, Oversized, Tandem
Location
- Area: Park Hills Heights
- County: Los Angeles
- Driving Directions: On the corner of 3rd Ave & Hyde Park Blvd.
Heating & Cooling
- Cooling Type: Window Unit(s)
- Heating Type: Other
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 3,120
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1952
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 4
- Unit Type: 2106, 2107, 2108, 2109
Unit 1
- Total Bathrooms: 1
- Bedrooms: 2
Unit 2
- Total Bathrooms: 1
- Bedrooms: 2
Unit 3
- Total Bathrooms: 1
- Bedrooms: 2
Unit 4
- Total Bathrooms: 1
- Bedrooms: 2
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.2107
- Lot Size: 9179
- Lot Size Source: Vendor Enhanced
- Zoning: LAR3
Financial Considerations
- Price Per Sq. Ft.: $296.47
- Assessment Year: 1952
- Tenant Pays: Electricity, Water
Disclosures and Reports
- Disclosures/Reports: None
- APN: 4007-015-015
Listed by Link Brokerages, Andrew Malekie and Link Brokerages
Sold by Non-Participant Office, Subscriber Non
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Schools
Schools serving 6223 3rd Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
5939 2nd Ave, Los Angeles, CA 90043 | K-5 | 0.2 mi | |
7001 S St Andrews Pl, Los Angeles, CA 90047 | 6-12 | 0.7 mi | |
5010 11th Ave, Los Angeles, CA 90043 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 6223 3rd Ave
Date
Details
Price
Change
Source
4/04/2024
Sold
$920,000
-0.54%
MLS
10/31/2023
Listed
$925,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
6223 3rd Ave, Los Angeles, CA 90043 (MLS# 23-327213) is a Multi-Family property that was sold at $920,000 on April 04, 2024. Want to learn more about 6223 3rd Ave? Do you have questions about finding other Multi-Family real estate for sale in Los Angeles? You can browse all Los Angeles real estate or contact a Coldwell Banker agent to request more information.