4200 6Th Ave Los Angeles, CA 90008
Six-unit apartment building with ADU potential in Leimert Park.
Property size:
5,278 SFLot size:
7,596.00 AcresProperty Features for 4200 6Th Ave
General Information
- Standard status
- Active
- Zoning
- LAR3
- Size
- 5,278 SF
- Lot size
- 7,596.00 Acres
Building Details
- Year built
- 1929
Source:
Crexi
Listing Agency: NRE Commercial Listing Agent: Drew Mcallister
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Leimert Park Multifamily Investment Opportunity
Located in the Leimert Park neighborhood of Los Angeles, 4200 6th Avenue is a six-unit apartment building presenting a value-add opportunity. This 1929 Spanish-style building features a unit mix of four 2-bedroom, 1-bathroom units and two 1-bedroom, 1-bathroom units. The property has Spanish curb appeal, a courtyard, and on-site parking. The current rent roll offers upside through rental growth as units turn. There is long-term development potential to add four detached ADU units. The ADU pro forma scenario projects a total scheduled income of approximately $259,920 per year. Upgrades include an electrical system upgrade with 60A sub-panel feed installation, new feeders run in 1” flex conduit, and grounding/bonding corrections including two 10’ ground rods and #4 solid grounding to rods and cold-water bond. Work included load calculations for the existing 200A service and permit coordination. Two full interior unit remodels feature refinished hardwood floors, paint, upgraded appliances, ceiling fans, redone showers and bathroom floors, and mini splits. The foundation has been bolted and re-enforced. The exterior of the building has been painted, and a new white coat has been applied to the flat roof. The property size is 5278 square feet.
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.323804
- Latitude
- 34.0070351
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FAQs
What type of property is this?
Apartment building - Six-unit apartment building with ADU potential in Leimert Park.
Where is this apartment building located?
The property is located at 4200 6Th Ave Los Angeles, CA.
What are key features of this property?
This property features: - Massive ADU Potential: Opportunity to add four (4) detached ADU units, significantly increasing income and property value (estimated $259,920/year total scheduled income).; - Significant Rent Growth Potential: Approximately 23% organic upside through mark-to-market rental growth as units turn over.; - Prime Location: Situated in the heart of Leimert Park, a culturally significant and rapidly improving neighborhood.
