Properties
Los Angeles, CA 90008 4200 6th
$1,595,000
1 more
Presented By: Andrew McAllister with eXp Realty of Greater L.A; 925-683-9203
Baths • 1
SQFT • 5,278
Garage • 3
Home Details
Classic 1929 Spanish 6-unit in Leimert Park on a large corner lot with major value-add + ADU upside. Strong unit mix: (4) 2BD/1BA + (2) 1BD/1BA with courtyard charm and on-site parking/garages. ~23% mark-to-market upside through organic rent growth as units turn. Potential to add up to four (4) detached ADUs (Buyer to Verify), increasing income by 87% and a stabilized 8.18% yield on cost. Recent improvements include electrical upgrades, foundation bolting/reinforcement, exterior paint, roof recoat, and two remodeled units (refinished hardwood floors, paint, updated bath/shower, appliances, ceiling fans, mini-splits).
Presented By: Andrew McAllister with eXp Realty of Greater L.A; 925-683-9203
Interior Features for 4200 6th
Other Interior Features
Air Conditioning Y/NNo
Common WallsNo Common Walls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 4200 6th
Additional Parcels Y/NNo
Building Area UnitsSquare Feet
Cap Rate5.87
CityLos Angeles
Community FeaturesCurbs, Storm Drain(s), Street Lights, Sidewalks, Urban
CoolingNone
CountyLos Angeles
DirectionsCorner of West 42nd and 6th Ave
Electric Expense
Entry LocationGround
Fuel Expense
Garage Spaces3
Garage Y/NYes
Gross Income141359
HOANo
HOA Fee$
HeatingWall Furnace
Insurance Expense4800
Land Lease Y/NNo
Listing TermsCash, Cash to New Loan, Conventional
Lot Size Square Feet7596
Lot Size UnitsSquare Feet
MLS AreaPHHT - Park Hills Heights
MaintenanceExpense4500
Net Operating Income93568
New ConstructionNo
Number Of Units Total6
Number of Units Leased6
Open Parking Spaces5
Operating Expense43586
Pool FeaturesNone
PostalCityLOS ANGELES
Property Attached Y/NNo
Property Sub Type AdditionalMixed Use
Property SubtypeMixed Use
Property TypeResidential Income
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublic Sewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot312
Taxes$20,097
Tenant PaysElectricity, Gas
Total Actual Rent11780
Trash Expense0
UtilitiesCable Available, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Water Sewer Expense4152
Year Built1929
Year Built SourceAssessor
Exterior for 4200 6th
Building Area Total5278
Lot FeaturesCorner Lot
Lot Size Acres0.1744
Lot Size Area7596
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters6
Number of Separate Water Meters1
Private PoolNo
Total Parking8
Water SourcePublic
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
