6605 South Victoria Avenue

Los Angeles, CA 90043

$2,900,000
Last Sold Price
15
Beds
15
Baths
7,900 Sq. Ft.
$367 / Sq. Ft.
7,900
Sq. Ft.
$367
per Sq. Ft.

Description

Back on the Market! This time, we're ready to sell. Price has been reduced to a very attractive number. This 14 Unit apartment complex is producing over $18,000 per month. It was built in 1964 and contains close to 8,000 square feet. It is situated on an 11,349 square foot lot that is zoned R3, gated and protected by remote access. The unit mix consists of One (1) - 2 bedroom - 2 bath units, Five (5) - 1 bedroom - 1 bath units and Eight (8) Studios. All units are separately metered for gas and electricity,...Back on the Market! This time, we're ready to sell. Price has been reduced to a very attractive number. This 14 Unit apartment complex is producing over $18,000 per month. It was built in 1964 and contains close to 8,000 square feet. It is situated on an 11,349 square foot lot that is zoned R3, gated and protected by remote access. The unit mix consists of One (1) - 2 bedroom - 2 bath units, Five (5) - 1 bedroom - 1 bath units and Eight (8) Studios. All units are separately metered for gas and electricity, keeping monthly expenses low. All units are equipped with refrigerator, stoves and garbage disposals which will be transferred upon closing. Per owner, 10 of the 14 units have been upgraded with Granite Countertops and Laminate flooring. Access to high-speed internet is available and the property has a video surveillance system in place. Another bonus, the Seismic Retrofit work has been completed. The site is ideally located within a short distance of the Florence-West Boulevard Metro Depot. It is also within a couple of miles of the Forum, SoFI Stadium, Hollywood Entertainment Complex and the new Clippers Area. This is a great opportunity to purchase a well-maintained building in an appreciating location. Please drive only and do not walk on the property or disturb the tenants in any way. All offers to be made subject to inspection.
  1. Listed by Jerome McAlpin • DRE #00939725 • Brokerage DRE #00939725 • McAlpin & Company

Property Details for 6605 South Victoria Avenue

Zoning
LAR3
Parcel Number
4006019024
Total Units
14.0
Living Area
7900
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
1204
Lot Size Area
11349

Location

Listing Courtesy of McAlpin & Company, Jerome McAlpin, DRE #00939725

Sold By Homeworks Realty, Laura Uribe, DRE #01305465

Add your commute
LISTING UPDATED: 05/09/2022 02:34 PM

Property Details for 6605 South Victoria Avenue

StatusSold
MLS #22-122099
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1964
Lot Size0.26 AC / 11,349 SF
CountyLos Angeles County

Location

Listing Courtesy of McAlpin & Company, Jerome McAlpin, DRE #00939725

Sold By Homeworks Realty, Laura Uribe, DRE #01305465

Add your commute

Building Information for 6605 South Victoria Avenue

Stories2Residences-Year Built1964Building Size-Lot Size0.26 AC / 11,349 SF

Payment Calculator

$18,912 per month

30 year fixed, 7.25% Interest

Principal and Interest

$15,826

Property Taxes

$3,086

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6605 South Victoria Avenue

Community / Development
Community / Development
  • Number Of Units: 14
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Financing: Cash, Cash To New Loan, Conventional
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $222,026
  • Net Operating Income: $154,199.00
  • Gross Income: $223,230
  • Cap Rate: 5.32%
  • Gross Rent Multiplier: $12.90
  • Actual Annual Gross Rent: $220,746.00
  • Actual Gross Annual Income: $223,230
  • Actual Rent Total: $220,746.00
  • Total Annual Expense: 67827
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2605
  • Lot Size Square Feet: 11349
  • Lot Size Dimensions: 60x189
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Carport, Uncovered
  • Total Parking: 15
  • Parking Features: Carport, Uncovered
Interior Features
Interior Features
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Garbage Disposal, Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 01-27-2022
  • Listing Terms: Cash, Cash To New Loan, Conventional
  • Tenant Pays: Electricity, Gas
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,027.00
  • Unit Actual Rent: $2,027.00
  • Unit Projected Rent: $2,027.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,405.00
  • Unit Actual Rent: $7,024.00
  • Unit Projected Rent: $7,024.00
  • Like Units: 5
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,168.00
  • Unit Actual Rent: $9,346.00
  • Unit Projected Rent: $9,346.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $347,157.00
  • Assessed Improvement Percent: 60.07
  • Assessed Land Value: $230,809.00
  • Assessed Land Percent: 39.93
  • Assessed Total Value: $577,966.00

Property History for 6605 South Victoria 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 6605 South Victoria Avenue

Taxable ValueLand$2,040,000Additions$918,840Total$2,958,840
Tax Record2023$37,035 ($3,086 / month)
Home Facts
Total Finished SqFt7,900 SqFtAbove Grade Finished SqFt7,900 SqFtLot Size11,349 SqFtStyleMulti-Family Res (5+ Units)Year Built1964ZoningLAR3CountyLOS ANGELESAPN4006-019-024

Schools near 6605 South Victoria 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 - K to 6
Rating
School
Distance
Yes Academy
PublicK to 5

Alliance Leadership Middle Academy
Charter6 to 8

Crete Academy
CharterK to 6

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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Similar Sold Homes

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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 McAlpin & Company, Jerome McAlpin, DRE #00939725

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.