6606 Brynhurst Avenue,Los Angeles, CA 90043
Los Angeles, CA 90043
Description
CURRENT CAP is 4.53% And 14.16 GRM PLUS 2 VACANT UNIT FOR IMMEDIATE UPSIDE. MARKET CAP: 7.26% AND 10.06 GRM In the heart of the evolving Hyde Park neighborhood, this 8-unit multifamily property combines immediate cash flow with significant development potential. The current unit mix includes (5) 1-bed/1-bath units (2 vacant), (2) 2-bed/1-bath units, and (1) 2-bed/2-bath Section 8 unit. There are currently two vacancy ready to be filled. Six units have been recently renovated with laminate flooring, modern tile, updated cabinetry, and granite countertops. Additional features include new exterior paint and landscaping (2017), secured entry with a new electric gate, gated on-site parking for 13 cars, on-site laundry for extra income, and separate gas/electric meters. Strong in-place income with room for growth. Property has been professionally managed since 2017 and has been very well maintained, with any issues immediately addressed. Zoned R3 and located in a Tier 3 TOC area, the site is eligible for multiple incentives including AB 2334 and AB 2097, offering pathways to increased density and reduced parking requirements. By-right development allows for 14 units, or up to 26 with TOC density bonuses. Ideal for investors or developers looking to capitalize on one of LA's most promising submarkets.** Buyer to verify all square footage and development opportunities.
Details
| MLS # | 26656789 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1948 |
| Days On Site | 181 |
| Listing Provided By | Californian Estates | Bethany Woolf |
Features
| Bed(s) | 11 |
|---|---|
| Bath(s) | 9 |
| SQ Feet | 4,737 |
| Story(s) | 1 |
| Units | 8 |
| Building(s) | 3 |
| Zoning | LAR3 |
| Acreage | 0.26 |
Interior
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
Exterior
| Security Features | Gated Community |
|---|
Parking
| Parking Features | Garage, Garage Door Opener, Gated, Side By Side, Uncovered |
|---|---|
| Garage Yes / No | Yes |
Utilities
| Sewer | Other |
|---|
Location
| Community Features | Gated |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90043) | |
Price: $1,775,000 low | high Med: $1,342,500 sqft: 4,737 low | high Med: 3,482 $ / sqft: $375 low | high Med: $528 On site: 181 low | high Med: 788.5 | |
Market Activity 90043
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90043 |
| Area | PHHT Park Hills Heights |
| Listing VS Median (in 90043) | |
Price: $1,775,000 low | high Med: $1,342,500 sqft: 4,737 low | high Med: 3,482 $ / sqft: $375 low | high Med: $528 On site: 181 low | high Med: 788.5 | |
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