6222 S Victoria Ave, Los Angeles, CA 90043

8 Beds • 8 Baths • 4700 SF • 11368 SF Lot • $1,235,000 SOLD

8 UNIT APARTMENT BUILDING

Marty Clouser of Kennedy Wilson Real Estate Sales & Marketing represented both the seller and buyer of this 8-unit apartment building located approximately one-half mile from the future Hyde Park Station of the Crenshaw/LAX light rail line and just 2.5 miles from the future Los Angeles Rams and Los Angeles Chargers NFL stadium.

Five of the eight one-bed, one-bath units were recently rehabbed. The property consisted eight one-bed, one-bath units in three buildings. Four of the units were built over 8 detached garages and multiple storage units offering additional income. At the time of the sale the property was 100% leased with four of the units under Section 8 and all leases featuring 3% annual increases.

The buyer wanted to capitalize on the properties proximity to the metro line and NFL stadium and its zoning which were conducive to the construction of four or five additional units. The sale closed at $1.25 million ($154,375/door) at a 6.47 cap rate.

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Marty Clouser

Cal Broker DRE# 00912230

(818) 391-7491

[email protected]

realtor

(310) 887-6446

Properties (the "Property") are offered together with improvements thereon "as is, where is" with no warranty expressed or implied. The Seller and Brokers make no representations regarding the Property offered for sale such as size and condition of improvements, lot size, boundaries, zoning, code violations, compliance with applicable ordinances, property features, rights, obligations, etc. All information and documents provided by the Seller and Brokers are from sources deemed to be reliable but are not guaranteed. A prospective purchaser must rely on its own investigation and inspections prior to purchasing. Property is offered subject to withdrawal or prior sale at any time prior to a legally binding purchase and sale agreement. The legally binding purchase and sale agreement contains the entire agreement between parties and supersedes all prior communications, whether oral or written, express or implied, between the parties. EQUAL HOUSING OPPORTUNITY

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