6341 11TH AVENUE, LOS ANGELES CA 90043
- 2,551 sq.ft.
- 7,574 sq.ft. lot
Property Description
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) | Unit Mix of (One) 2-Bedroom/1-Bathroom Unit & (Three) 1-Bedroom/1-Bathroom Units | 5.55% Current Cap Rate & 12.23 Current GRM | 7.95% Pro-Forma Cap Rate & 9.38 Pro-Forma GRM | 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* | TOC Tier 3 High Density Bonus Allowance with No Subterranean Parking Required & Only 0.5 Parking Spaces Per Unit | Qualifies for Residential Financing
Listing Courtesy of Jonathan Nikfarjam, Shield CRE, Inc.
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