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6337 10th Ave
Los Angeles, CA 90043 Park Mesa Heights

$2,295,000 USD

Apartments For Sale  •  8,309 SF

Property Details

  • Property Type Apartments
  • Total Building Size 8,309 SF
  • Lot Size 0.26 AC
  • Building Class C
  • Year Built 1947
  • Cap Rate 7.52 %
  • Zoning LAR3
80 Transit Score
60 Walk Score

Highlights

A 7.5% cap rate couple with low rates and 68% LTV financing, results in a 16.6% cash on cash return
Assumable 1.56 million dollar loan with a low interest rate of 3.17% locked in until 2028 with capped increases after
Unique opportunity to secure today's pricing at 7.52% cap rates with interest rates of 4 years ago
High cash-on-cash return of 16.6% based on asking price makes for an excellent investment opportunity

Property Flyers

Cap Rate: 7.52 %

Amenities

  • Air Conditioning
  • Heating
  • Refrigerator
  • Oven
  • Tub/Shower

Public Transportation

AirportDriveWalkDistance
Los Angeles International 13 min - 6.3 mi
Bob Hope 33 min - 18.4 mi
Long Beach (Daugherty Field) 30 min - 20.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Covered
Included in Rent: Yes
Armin Soleimani 310-666-2246 Global Platinum Properties
Armin Soleimani 310-666-2246 Global Platinum Properties