Multifamily
2122 6th Avenue
2122 6th Ave, Los Angeles, CA 90018
Listing Price: $1,400,000
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS.
Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2122-2124 6th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north.
Situated on a 7,508 square foot parcel, the property is comprised of four one-bedroom units and one three-bedroom unit. All units have in-unit washer/dryers & 60% of the unit interiors have been upgraded with new kitchen appliances, granite countertops, re-finished original hardwood floors, bathroom tiles & unit 2124 has central AC. There are five on-site garages, two of which are not leased & one garage is being used as an office/bonus room by one of the tenants for additional income. The office/bonus room and empty storage unit can both potentially be converted into attached ADU’s (Accessory Dwelling Unit) – Buyer to verify.
The continued gentrification of the surrounding area along with a strong value-add component of the deal makes 2122-2124 6th Avenue an excellent investment opportunity poised for long term healthy returns.
2122 6th Avenue
Investment Highlights
- New Ownership has Potential to Convert Office & Storage into Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- All Units have In-Unit Washer/Dryers. 60% of Units have been Upgraded with New Kitchen Appliances, Granite Countertops, Re-Finished Original Hardwood Floors, Bathroom Tiling & More
- Bordering the Rapidly Gentrifying West Adams & Arlington Heights Sub-Markets, Which Have both Seen an Influx of New Developments and Nightlife
- Located in a Gentrifying Pocket of Los Angeles. With a Walk Score of 84 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail and Entertainment Options Through Mid-City, West Adams, & Koreatown
- There is 26 Percent Remaining Rental Upside Through Interior Renovations to the Remaining Units
- Current Ownership Has Attentively Maintained the Property
Exclusively Listed By
Financing By
Listing Price: $1,400,000
Investment Highlights
- New Ownership has Potential to Convert Office & Storage into Accessory Dwelling Units (ADU) to the Property Allowing for Added Future Growth and Appreciation Potential – Buyer to Verify
- All Units have In-Unit Washer/Dryers. 60% of Units have been Upgraded with New Kitchen Appliances, Granite Countertops, Re-Finished Original Hardwood Floors, Bathroom Tiling & More
- Bordering the Rapidly Gentrifying West Adams & Arlington Heights Sub-Markets, Which Have both Seen an Influx of New Developments and Nightlife
- Located in a Gentrifying Pocket of Los Angeles. With a Walk Score of 84 'Very Walkable' – Residents Enjoy Convenient Access to Employment Centers, Retail and Entertainment Options Through Mid-City, West Adams, & Koreatown
- There is 26 Percent Remaining Rental Upside Through Interior Renovations to the Remaining Units
- Current Ownership Has Attentively Maintained the Property
Investment Overview
DO NOT WALK THE PROPERTY OR DISRUPT TENANTS. CONTACT LISTING TEAM FOR DETAILS. Marcus & Millichap, as the exclusive listing agent, is pleased to offer for sale a five-unit apartment community located at 2122-2124 6th Avenue. The subject property is located just south of Washington Boulevard bordering the desirable West Adams neighborhood to the south and the Arlington Heights sub-market to the north. Situated on a 7,508 square foot parcel, the property is comprised of four one-bedroom units and one three-bedroom unit. All units have in-unit washer/dryers & 60% of the unit interiors have been upgraded with new kitchen appliances, granite countertops, re-finished original hardwood floors, bathroom tiles & unit 2124 has central AC. There are five on-site garages, two of which are not leased & one garage is being used as an office/bonus room by one of the tenants for additional income. The office/bonus room and empty storage unit can both potentially be converted into attached ADU’s (Accessory Dwelling Unit) – Buyer to verify. The continued gentrification of the surrounding area along with a strong value-add component of the deal makes 2122-2124 6th Avenue an excellent investment opportunity poised for long term healthy returns.
Exclusively Listed By
Financing By
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