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Multifamily

1916 6th Ave

1916 6th Ave, Los Angeles, CA 90018

Listing Price: $1,790,000

Cap Rate
4.82%
Number of Units
7
Price/Unit
$255,714
Price/Gross SF
$320.96
Gross SF
5,577

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 7-unit multifamily property located in the Arlington Heights neighborhood of Los Angeles. Built in 1913, 1916 6th Avenue is comprised of five (5) 2bed/1bath units and two (2) studio units and offers five on-site parking spaces and on-site storage. Five out of seven units have been renovated and all units are separately metered for gas and electricity. An investor has the opportunity to renovate 2 additional units and potentially convert them to 3-bedroom units in order to capture maximum upside. Situated in the heart of Los Angeles, the subject property sits South of Washington Boulevard and West of Arlington Avenue and is conveniently located steps away from the Washington Boulevard/6th Avenue metro line and is near the 10 Freeway. The property is located in a densely populated location with a high rental demand and increasing rental rates.

Investment Highlights

  • (5) On-Site Parking Spaces
  • Arlington Heights Neighborhood
  • 24-Hour Security Cameras
  • High Rental Demand Area
  • Five Units Have Been Renovated

Exclusively Listed By

Listing Price: $1,790,000

Cap Rate
4.82%
Number of Units
7
Price/Unit
$255,714
Price/Gross SF
$320.96
Gross SF
5,577

Investment Highlights

  • (5) On-Site Parking Spaces
  • Arlington Heights Neighborhood
  • 24-Hour Security Cameras
  • High Rental Demand Area
  • Five Units Have Been Renovated

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 7-unit multifamily property located in the Arlington Heights neighborhood of Los Angeles. Built in 1913, 1916 6th Avenue is comprised of five (5) 2bed/1bath units and two (2) studio units and offers five on-site parking spaces and on-site storage. Five out of seven units have been renovated and all units are separately metered for gas and electricity. An investor has the opportunity to renovate 2 additional units and potentially convert them to 3-bedroom units in order to capture maximum upside. Situated in the heart of Los Angeles, the subject property sits South of Washington Boulevard and West of Arlington Avenue and is conveniently located steps away from the Washington Boulevard/6th Avenue metro line and is near the 10 Freeway. The property is located in a densely populated location with a high rental demand and increasing rental rates.

Exclusively Listed By

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