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Multifamily

6108 Alcott St

6108 Alcott St, Los Angeles, CA 90035

Listing Price: $2,400,000

Cap Rate
2.35%
Number of Units
6
Occupancy
100.0%
Price/Unit
$400,000
Price/Gross SF
$460.65
Gross SF
5,210

Investment Overview

We are pleased to present 6108 Alcott Street, a six-unit apartment building in the Mid-City neighborhood of Los Angeles, adjacent to Pico-Robertson. For the first time on market in more than 44 years, 6108 Alcott Street has an excellent unit mix including one Studio, one 1Bed/1Bath and four 2Bed/1.5Bath units. Built in 1961, the subject property has 5,210 sf of improvements and sits on a 5,999 sf lot with on-site laundry facilities, security cameras, and 6 parking spaces that have seismic retrofitting completed. Having been owner occupied since the 1970s, the property has been well maintained and the spacious units have newer windows installed and select units have received remodels. With the owner-occupied unit delivered vacant at the close of escrow or shortly after the close of escrow and the potential for a couple additional vacancies after the close of escrow, an investor will have the opportunity to capture significant upside with this property. This is truly a rare opportunity for an investor looking to purchase in one of the more prime locations in Los Angeles. Located just east of La Cienega Blvd and south of Pico, 6108 Alcott Street is within walking distance from kosher restaurants, synagogues, the post office, and a multitude of retail stores. Being centrally located in the heart of Los Angeles, the property is a short distance away from the I-10 freeway, Beverly Hills, West Hollywood, Century City, the Beverly Center, Cedars Sinai Medical Center, Kaiser Permanente, LACMA and plenty more that Los Angeles has to offer.

Investment Highlights

  • • First time on market in over 44 years
  • • Owner-occupied with potential for additional vacancies
  • • Excellent unit-mix with spacious units

Exclusively Listed By

Financing By

Multifamily

6108 Alcott St

Listing Price: $2,400,000

Cap Rate
2.35%
Number of Units
6
Occupancy
100.0%
Price/Unit
$400,000
Price/Gross SF
$460.65
Gross SF
5,210

Investment Highlights

  • • First time on market in over 44 years
  • • Owner-occupied with potential for additional vacancies
  • • Excellent unit-mix with spacious units

Investment Overview

We are pleased to present 6108 Alcott Street, a six-unit apartment building in the Mid-City neighborhood of Los Angeles, adjacent to Pico-Robertson. For the first time on market in more than 44 years, 6108 Alcott Street has an excellent unit mix including one Studio, one 1Bed/1Bath and four 2Bed/1.5Bath units. Built in 1961, the subject property has 5,210 sf of improvements and sits on a 5,999 sf lot with on-site laundry facilities, security cameras, and 6 parking spaces that have seismic retrofitting completed. Having been owner occupied since the 1970s, the property has been well maintained and the spacious units have newer windows installed and select units have received remodels. With the owner-occupied unit delivered vacant at the close of escrow or shortly after the close of escrow and the potential for a couple additional vacancies after the close of escrow, an investor will have the opportunity to capture significant upside with this property. This is truly a rare opportunity for an investor looking to purchase in one of the more prime locations in Los Angeles. Located just east of La Cienega Blvd and south of Pico, 6108 Alcott Street is within walking distance from kosher restaurants, synagogues, the post office, and a multitude of retail stores. Being centrally located in the heart of Los Angeles, the property is a short distance away from the I-10 freeway, Beverly Hills, West Hollywood, Century City, the Beverly Center, Cedars Sinai Medical Center, Kaiser Permanente, LACMA and plenty more that Los Angeles has to offer.

Exclusively Listed By

Financing By

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