6223 Van Ness Avenue, Los Angeles

$800,000

Previous Next

7

Beds

5

Baths

3,082

Square feet

0.14

Acres

About 6223 Van Ness Avenue

We are pleased to present a 4-unit property located in the Hyde Park neighborhood. This property is centrally located in close proximity to LAX, Sofi Stadium, Downtown Los Angeles, the Convention Center, USC Coliseum, and multiple museums. This opportunity is also a short drive to Crenshaw/Leimert Park, Inglewood and provides easy access to the 105 & 110 freeways as well as the new LAX/Crenshaw metro rail line, offering tenants convenience to numerous nearby amenities. The building currently operates at a 13.68 GRM on current rents, with rental upside potential to a 6.47 GRM and a 12+% CAP on pro-forma rents. The property consists of three standalone structures, all constructed in 1936, with a strong unit mix comprised of 1 three-bedroom two-bath unit, 1 two-bedroom one-bath unit, and 2 one-bedroom one-bath units. The property also features five 1-car garages in the rear accessible from the alley providing potential for ADU conversions.

Features of 6223 Van Ness Avenue

MLS® # 24413695
Price $800,000
Bedrooms 7
Bathrooms 5.00
Square Footage 3,082
Acres 0.14
Year Built 1936
Type Residential Income
Status Active

Community Information

Address 6223 Van Ness Avenue
Area PHHT - Park Hills Heights
City Los Angeles
County Los Angeles
Zip Code 90047

Amenities

Parking Spaces 5
# of Garages 5
Is Waterfront No
Has Pool No

Interior

Heating Wall Furnace
Cooling None
Has Basement No
Fireplace No
# of Stories 2
Stories Two

Additional Information

Date Listed July 10th, 2024
Days on Market 15
Zoning LARD1.5
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentCasey Lins
OfficeKidder Mathews of California, Inc.

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?