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6606 Brynhurst Avenue Los Angeles, CA 90043
4,737 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,737 sqft
Price per Sqft $379
MLS Listing ID CL25570109
HOA Y/N No
Year Built 1948
Lot Size 0.261 Acres
Acres 0.26
Property Sub-Type Other
Property Description
CURRENT CAP is 4.24% And 14.84 GRM PLUS 2 VACANT UNITS FOR IMMEDIATE UPSIDE. MARKET CAP: 6.77% AND 10.64 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 is currently two vacancies 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 prom
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Laundry Common Area
Exterior
Utilities Available Other Water/Sewer
Building
Sewer Other
Water Other
New Construction No
Others
Tax ID 4006019026
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Listed by Bethany Woolf • Californian Estates