6525-6529 S Victoria Ave - Apartments FOR SALE


Los Angeles, CA 90043- Park Mesa Heights
$1,750,000 USD
310-806-6119
6525-6529 S Victoria Ave, Los Angeles, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/4
null | 4.9% Cap Rate

6525-6529 S Victoria Ave
Los Angeles, CA 90043
Park Mesa Heights


HIGHLIGHTS

  • Excellent Unit Mix consisting of 2 (1+1), 4 (2+1), 2 (3+1) apartment homes.
  • Value-Add opportunity with tremendous upside in rental income ±50%!
  • Buildings are separately metered for electric and gas
  • Secured Entrance and Parking on Large lot 11,418 Sq ft.
  • 0.5 miles to the Fairview Heights K Line Station, 2.7 miles to Sofi-Stadium, 2 parcels away from South Victoria Park
  • Contact us to further discuss this excellent opportunity

OVERVIEW

Kevin Kawaoka of Bluechip Investment Group | NAI Capital is delighted to present an exceptional investment opportunity: a fully occupied, 8-unit apartment complex nestled in the historic Hyde Park neighborhood of Los Angeles. This property (2 buildings on 1 parcel) offers a harmonious blend of strategic location and significant growth potential, making it a prime asset for apartment investors. Prime Location with Unmatched Connectivity Situated within walking distance to the Fairview Heights K Line Metro Station, this property ensures seamless access to Los Angeles' expansive public transit network *Robust Infrastructure and Amenities This gated complex boasts a diverse unit mix designed to cater to various tenant needs: • 2 units of 1 bedroom and 1 bathroom • 4 units of 2 bedrooms and 1 bathroom • 2 units of 3 bedrooms and 1 bathroom *No Soft-Story Retrofit Requirement as per LADBS record * Certificate of Occupancy for 8 units with 8 parking spaces *Property passed city inspection 10/24/2024 *windows replaced, facia replaced, stairs repaired *multi-generational ownership , now on the market *Approximately +- 50% upside in rents ! *Possible addition of 2 ADU's to boost income (buyer to verify with the city) *Expansive lot | 11,418 Sq ft , TOC Tier 3 *Connect with us for more information on this prime long term investment opportunity

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

8

PRICE/UNIT

$218,750

CAP RATE

4.9%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Victoria Court

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

R3, Los Angeles

APN/PARCEL ID

4006-019-010

ASK ABOUT THIS PROPERTY

Kevin Kawaoka, CCIMNAI CapitalMore Info
310-806-6119

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Kevin Kawaoka, CCIMNAI CapitalMore Info
310-806-6119

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.