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6215 3rd Avenue
Los Angeles, CA 90043
Sold
PART OF A 2 BUILDING PORTFOLIO - sold together with adjacent lot 6223 3rd Ave for $1,750,000 total (2 fourplexes - 8 total units). We're pleased to present an extremely rare investment opportunity in the heart of LA's Hyde Park Neighborhood, less than 3 miles from SoFi Stadium. The 6215-6223 3rd Ave package consists of two (2) detached 3,120 SF fourplexes (both LAR3 Zoning) on two (2) adjacent lots totaling 0.32 AC of land, conveniently positioned on the corner of Hyde Park Blvd & 3rd Ave. Built in 1950 & 1952 respectively, the buildings feature eight (8) 2+1 units, each separately metered, with attractive corner lot curb appeal, a large center courtyard, and ample parking within the property gates, including 7 garage spaces with ADU potential (+10 additional on-site tandem spaces). 6 out of 8 units only have minor interior updates, creating plenty of value-add potential. This package offers an excellent opportunity for any investor to capitalize on over 80% in rental upside, including an upcoming allowable rent increase of up to 7% beginning Feb 1, 2024.
PROPERTY INFORMATION
| MLS # | 23327041 | Lot Size | 4,801 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 825,000
Price Per SqFt: $ 264 |
DOM | 551 Days |
| Address | 6215 3rd Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,120 Sq. Ft. |
| Postal Code | 90043 | Garage | N/A |
| County | Los Angeles | Year Built | 1950 |
| Bed / Bath | 8 / 0 | Parking | 7 |
| Built In | 1950 | Status | Closed |
| Sold Date | 2024-04-04 |
INTERIOR FEATURES
| Has Appliances | Yes |
| Kitchen Appliances | Dishwasher, Microwave, Refrigerator |
EXTERIOR FEATURES
WALKSCORE
Walk Score: 55 (Somewhat Walkable)
Transit Score: 57 (Good Transit)MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $880
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 10/31/2023 | Listed | $825,000 |
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Listing provided courtesy of Andrew Malekie, Link Brokerages. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
