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    421 E 6th St Los Angeles, CA 90014

    Sponsored
    Source: https://www.majorproperties.com
    For Sale
    $15,950,000

    Ideal Conversion to Affordable Housing

    Property size:
    28,000 SF

    Description

    Added:
    Apr 29, 2025
    Days on Market:
    252
    • Sale price reduced! Seller motivated!
    • Prime non-profit/affordable housing opportunity
    • 6-story and 3-story building
    • Building has been recently renovated
    • On-site ground floor parking
    • Los Angeles R5 zoning
    • Located in the heart of Downtown Los Angeles at the northwest corner of 6th Street and San Pedro Street
    • 7 blocks west of the DTLA Arts District
    • 1-1/2 miles east of Crypto.com Arena and LA LIVE
    • Adjacent to Toy District and Fashion District
    • Easy access to all Downtown Los Angeles freeways
    • Walk score: 93 | Transit score: 100
    • Tier 2 TOC | Designated Opportunity Zone location

    Property Features for 421 E 6th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    28,000 SF
    Price / Square Foot
    $569
    Elevators
    N/A
    Net Rentable
    28,000 SF
    Lot Size
    119,556 SF

    Building Details

    Year Built
    1921
    Buildings
    1
    Stories
    6
    Location Intelligence

    Current Use by Public Records

    LA Apartments Apartment Rental Agency American White Eagle Manufacturer Los Angeles Screenprinting Commercial Printer Artvile Gallery Art Gallery Janet Agu Nurse Practitioner

    Suggested Use

    Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Daycare Center Skin Care Clinic Gym & Fitness Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    State
    California
    Longitude
    -117.7032382
    Latitude
    34.0995551

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    FAQs

    What type of property is this?
    Multifamily property - Ideal Conversion to Affordable Housing
    Where is this multifamily property located?
    The property is located at 421 E 6th St Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $15,950,000.
    (213) 924-7147
    Request Owner's contact information
    421 E 6th St Los Angeles, CA 90014
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    Los Angeles, CA 90014
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    421 E 6th St Los Angeles, CA 90014
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