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Multifamily

1916 6th Ave

1916 6th Ave, Los Angeles, CA 90018

Listing Price: $1,870,000

Cap Rate
4.62%
Number of Units
7
Price/Unit
$267,143
Price/Gross SF
$335.31
Gross SF
5,577

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1916 6th Avenue, a seven-unit apartment community located in Arlington Heights. 1916 6th Avenue is situated just southwest of the Washington & Arlington intersection within a highly desirable submarket in Mid-City Los Angeles. The well-maintained property built in 1913 consists of two studios and five two-bedroom units. Its 7,433 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has renovated 71% of the property while leaving upside in the remaining two units. The subject property is located within minutes of shopping and retail destinations, providing convenient access to daily errands and entertainment. The property features four on-site parking spots and on-site storage. The prime location of the asset along with the outstanding property condition & strong in place income makes 1916 6th Avenue an excellent acquisition opportunity.

Investment Highlights

  • 71% of the Property is Renovated with New Laminate Floors, Stainless Steel Appliances, and Washer & Dryers for all Two-Bedroom Units
  • New Ownership can Capture Additional Rental Income through Interior Upgrades to Unrenovated Units
  • Located in an Excellent Central Location Minutes from Various Retail Allowing Access to Premium Shopping & Entertainment
  • With a Walk Score of 87 "Very Walkable"- Most Errands Can Be Accomplished on Foot
  • Four Parking Spaces with No Seismic Retrofit Requirements

Exclusively Listed By

Financing By

Multifamily

1916 6th Ave

Listing Price: $1,870,000

Cap Rate
4.62%
Number of Units
7
Price/Unit
$267,143
Price/Gross SF
$335.31
Gross SF
5,577

Investment Highlights

  • 71% of the Property is Renovated with New Laminate Floors, Stainless Steel Appliances, and Washer & Dryers for all Two-Bedroom Units
  • New Ownership can Capture Additional Rental Income through Interior Upgrades to Unrenovated Units
  • Located in an Excellent Central Location Minutes from Various Retail Allowing Access to Premium Shopping & Entertainment
  • With a Walk Score of 87 "Very Walkable"- Most Errands Can Be Accomplished on Foot
  • Four Parking Spaces with No Seismic Retrofit Requirements

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1916 6th Avenue, a seven-unit apartment community located in Arlington Heights. 1916 6th Avenue is situated just southwest of the Washington & Arlington intersection within a highly desirable submarket in Mid-City Los Angeles. The well-maintained property built in 1913 consists of two studios and five two-bedroom units. Its 7,433 square foot lot is located within an extremely sought-after area of Mid-City Los Angeles. Current ownership has renovated 71% of the property while leaving upside in the remaining two units. The subject property is located within minutes of shopping and retail destinations, providing convenient access to daily errands and entertainment. The property features four on-site parking spots and on-site storage. The prime location of the asset along with the outstanding property condition & strong in place income makes 1916 6th Avenue an excellent acquisition opportunity.

Exclusively Listed By

Financing By

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