2011 6th Avenue, Los Angeles, CA 90018

Property Description

BIG PRICE REDUCTION! One unit will be delivered vacant. A rare opportunity to own an upgraded triplex in a quiet yet centrally located Los Angeles neighborhood. The current gross rental income is approximately $8,295 per month, with strong upside potential for future rent increases. Estimated GRM of approximately 12.95.This well-maintained income property has been tastefully remodeled, including updated kitchens and bathrooms, and offers excellent access to Downtown LA, West LA, Beverly Hills, and major freeways such as the 10 and 110. The gated property consists of three units, including a spacious front unit and two rear units. The front unit features 3 bedrooms and 2 bathrooms, a private gated front yard, and a cozy porch. The two rear units each offer 2 bedrooms and 1 bathroom with separate side entrances along the driveway, providing added privacy and convenience for tenants. Each unit is equipped with its own washer and dryer. The two-story units were added in the late 1980s, per seller. All units have been remodeled and are well maintained. The property includes six designated on-site parking spaces, along with additional usable parking areas within the property, offering ample parking for occupants and guests. This is a solid investment opportunity in a strong rental market.