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6341 11th Ave
Los Angeles, CA 90043 Park Mesa Heights

$839,000 USD

Apartments For Sale  •  2,551 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,551 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 5.55 %
  • Zoning LAR3
57 Transit Score
74 Walk Score

Highlights

Four Single-Story Units Located in the Hyde Park Neighborhood of Los Angeles | Residential Asset - Perfect Owner-User Opportunity
Located Just a Few Blocks from Hyde Park Station for the Crenshaw/LAX Metro Transit Line (K Line) | 5.55% Current Cap Rate & 12.23 Current GRM
7.95% Pro-Forma Cap Rate & 9.38 Pro-Forma GRM | Unit Mix of (One) 2-Bedroom/1-Bathroom Unit & (Three) 1-Bedroom/1-Bathroom Units
Located 2 Miles from Baldwin Hills Crenshaw Plaza, SoFi Stadium & The Forum and Approximately 2.5 Miles from Intuit Dome (NBA Clippers Arena)
Rare LAR3 TOC Tier 3 Zoning – Build Up to 17 Units* | Qualifies for Residential Financing
TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit

Financial Summary (Actual)

Net Operating Income: $46,552 USD (2025)
Cap Rate: 5.55 %
Total Expenses: $19,994 USD

Public Transportation

AirportDriveWalkDistance
Los Angeles International 12 min - 5.4 mi
Long Beach (Daugherty Field) 30 min - 24.0 mi
Bob Hope 32 min - 24.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 4
Type: Covered
Included in Rent: Yes
Jonathan Nikfarjam 310-593-9868 Estate Properties Torrance
Jonathan Nikfarjam 310-593-9868 Estate Properties Torrance