Los Angeles Multifamily Investment
For Sale
$1,380,000
6006 Overhill, Los Angeles, CA 90043
Multifamily property with significant rental upside in Los Angeles.
Property Size3,203 SF
Price / SF$430.85
Days on Market232
Property Features for 6006 Overhill
General Information
Standard status
Active
Size
3,203 SF
Property subtype
Apartment
Site & Location
Neighborhood
Hyde Park
Building Details
Building Size
3,203 SF
Year Built
1952
Listing Agency:
Lee & Associates Realty Group
Listed By:
John Gessford · License #01137479
(888) 236-1943
Source:
Benbelack
Added: Mar 5
Changed: Oct 11
Last Checked: Oct 23 at 2:52PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates Realty Group
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Investment Insights
Based on property information with market context.
This multifamily property, available for the first time in over 41 years, presents a significant investment opportunity. The current rents are substantially below market rates, offering considerable potential for increased rental income. Additional revenue opportunities exist through the laundry room, which currently provides free laundry services to tenants. The property includes private garages for each tenant, representing another potential source of additional income. Recent improvements include new garage doors installed in April 2024 and a new roof installed in March 2018. The electrical panel and system have also been upgraded. The proforma cap rate is 7.98%.
Key Highlights
- Significant rental income upside due to below‑market rents.
- Rare private garages for each tenant, offering potential for additional income.
- Proforma Cap Rate of 7.98%.
Property Analytics
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Location Intelligence
Trade Area within ½ mile
964
Businesses Nearby
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Business Placement
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property with significant rental upside in Los Angeles.
Where is this apartment building located?
The property is located at 6006 Overhill Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,380,000.
What are key features of this property?
This property features: Significant rental income upside due to below‑market rents.; Rare private garages for each tenant, offering potential for additional income.; Proforma Cap Rate of 7.98%.
