6215 3rd Avenue
6215 3rd Avenue
$815,000
8
4
3,120
3,120
$261
Sold 4/4/24
Description
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...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.
- Listed by Andrew Malekie • DRE #02153774 • Brokerage DRE #01237359 • Link Brokerages
- Listed by DRE #01998822 • Brokerage DRE #01237359 • Link Brokerages
Property Details for 6215 3rd Avenue
Zoning
LAR3
Parcel Number4007015014
Total Units4.0
Living Area3120
Source Living AreaVendor Enhanced
AreaPark Hills Heights (PHHT)
Vacancy Rate0
Lot Size Area4801
Location
LISTING UPDATED: 04/04/2024 09:49 PM
Property Details for 6215 3rd Avenue
Status | Sold |
---|---|
MLS # | 23-327041 |
Days on Market | 83 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1950 |
Lot Size | 0.11 AC / 4,801 SF |
County | Los Angeles County |
Location
Building Information for 6215 3rd Avenue
Stories2Residences-Year Built1950Building Size-Lot Size0.11 AC / 4,801 SF
Payment Calculator
$4,945 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 6215 3rd Avenue
Property History for 6215 3rd Avenue
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 6215 3rd Avenue
Taxable ValueLand$315,620Additions$142,025Total$457,645
Tax Record2023$5,962 ($497 / month)
Home Facts
Total Finished SqFt3,120 SqFtAbove Grade Finished SqFt3,120 SqFtLot Size4,799 SqFtStyleQuadraplexYear Built1950ZoningLAR3CountyLOS ANGELESAPN4007-015-014
Schools near 6215 3rd Avenue
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Fifty-Ninth Street Elementary School PublicK to 5 | ||
Alliance Leadership Middle Academy Charter6 to 8 | ||
Alliance Renee And Meyer Luskin Academy High School Charter9 to 12 |
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.
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