Investment Highlights
• Well maintained by the current ownership over an approx.
45-year hold period.
• High-Vacancy (15/21 units vacant, 71% vacancy); unique
opportunity to realize tremendous rental upside through
rehab and renovation.
• Strategic location in a vibrant and growing Northeast LA
rental market poised for future rent growth.
• Strong proforma cap rate of 6.46% and 10.67 proforma GRM
post-rehab/renovation.
• Can be purchased individually or as part of a portfolio
along with the adjacent lots: 6079 La Prada St. (13-unit apt.
property) and 6801 N. Figueroa St. (4-Suite Corner Retail
Property)
Property Highlights
• 21-Unit apt. property constr. in 1954-1955 w/ garden-style
2-story layout.
• Strong unit mix of 14-2B/1B units, 6-1B/1B units, and a 4B/2B
(combined/permitted) unit on the upper level comprising
16,388 SF of building area in total.
• A large ±21,500 SF lot zoned RD1.5-1 featuring 19 parking
Spaces.
• Communal coin-operated laundry facility in the rear of the
building.
• A deep 1-car garage currently used for storage, a machine
storage room, and an exercise room which may each carry
ADU conversion potential (buyer to verify) or conversion for
additional common space.
• Walking distance (15 mins.) or a short drive (5 mins.) from
lively retail corridors on York Blvd. and N. Figueroa St.
• Partially repiped with copper plumbing; completely reroofed
in 2021.
• Separately metered for gas and electricity; no units
extensively renovated to top-of-market condition.
• Unique gate/alarm alert system for extra resident security.