2110 6th Avenue

Los Angeles, CA 90018

$1,550,000
Price
9
Beds
5
Baths
4,428 Sq. Ft.
$350 / Sq. Ft.
4,428
Sq. Ft.
$350
per Sq. Ft.

Description

We are pleased to present this 5-unit value-add opportunity located in Arlington Heights. By making cosmetic interior and exterior renovations a savvy investor can achieve significant upside in the rapidly changing 90018 zip code. The current ownership has kept the building in excellent condition and put significant capex into building systems by replacing select electrical panels and water heaters. Currently, the 3 bedroom unit has a floor furnace and the rear duplex both have wall furnaces. 2110...We are pleased to present this 5-unit value-add opportunity located in Arlington Heights. By making cosmetic interior and exterior renovations a savvy investor can achieve significant upside in the rapidly changing 90018 zip code. The current ownership has kept the building in excellent condition and put significant capex into building systems by replacing select electrical panels and water heaters. Currently, the 3 bedroom unit has a floor furnace and the rear duplex both have wall furnaces. 2110 6th Avenue features unique unit layouts with 10 foot ceilings and spacious square footages.
  1. Listed by Elliot Hassan • DRE #01481211 • Brokerage DRE #01837608 • NorthMarq Realty Services, Inc.

Property Details for 2110 6th Avenue

Zoning
LARD2
Parcel Number
5060024023
Total Units
5.0
Living Area
4428
Source Living Area
Vendor Enhanced
Area
Mid Los Angeles (C16)
Vacancy Rate
3626
Lot Size Area
7502

Location

Listing Courtesy of NorthMarq Realty Services, Inc., Elliot Hassan, DRE #01481211
Add your commute
LISTING UPDATED: 04/23/2024 11:16 AM

Property Details for 2110 6th Avenue

StatusActive
MLS #24-378971
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1938
Lot Size0.17 AC / 7,502 SF
CountyLos Angeles County

Location

Listing Courtesy of NorthMarq Realty Services, Inc., Elliot Hassan, DRE #01481211
Add your commute

Building Information for 2110 6th Avenue

Stories2Residences-Year Built1938Building Size-Lot Size0.17 AC / 7,502 SF

Payment Calculator

$9,857 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,459

Property Taxes

$1,398

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2110 6th Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 2
  • Type Of Units: Income
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $116,621
  • Net Operating Income: $85,975.00
  • Gross Income: $120,851
  • Cap Rate: 5.55%
  • Gross Rent Multiplier: $12.83
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 30646
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7502
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 6
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Wall Unit(s)
  • Heating: Wall Furnace, Floor Furnace
  • Heating Type: Wall, Floor Furnace
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-11-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,579.00
  • Unit Actual Rent: $3,158.00
  • Unit Projected Rent: $3,990.00
  • Like Units: 2
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,897.00
  • Unit Actual Rent: $3,793.00
  • Unit Projected Rent: $4,590.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 3
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,120.00
  • Unit Actual Rent: $3,120.00
  • Unit Projected Rent: $3,595.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $328,093.00
  • Assessed Improvement Percent: 25.0
  • Assessed Land Value: $984,280.00
  • Assessed Land Percent: 75
  • Assessed Total Value: $1,312,373.00

Property History for 2110 6th Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2110 6th Avenue

Taxable ValueLand$984,280Additions$328,093Total$1,312,373
Tax Record2023$16,780 ($1,398 / month)
Home Facts
Total Finished SqFt4,428 SqFtAbove Grade Finished SqFt4,428 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1997ZoningLARD2CountyLOS ANGELESAPN5060-024-023

Schools near 2110 6th Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - K to 5
Rating
School
Distance
Arlington Heights Elementary School
PublicK to 5

Johnnie Cochran, Jr., Middle School
Public6 to 8

Los Angeles Senior High School
Public9 to 12

Global Education Academy 2
CharterK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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2110 6th Avenue is a multi-family home for sale in Los Angeles, CA 90018. This property was listed for sale on April 11, 2024 by NorthMarq Realty Services, Inc., it's currently listed at $1,550,000. It has been on the market for a total of 25 days and was last sold on October 13, 2017. This listing's school district is Los Angeles Unified School District. Nearby schools include Arlington Heights Elementary School, Johnnie Cochran, Jr., Middle School and Los Angeles Senior High School. 2110 6th Avenue is a 9-bed, 5-bath, 4,428 sqft multi-family home built in 1938.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of NorthMarq Realty Services, Inc., Elliot Hassan, DRE #01481211

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.