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$ 650,000
Est. payment /mo
Active
4720 6th AVE Los Angeles, CA 90043
6,781 Sqft Lot
UPDATED:
12/19/2024 01:01 AM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRBB24216740
Style Spanish
Originating Board California Regional MLS
Year Built 1923
Lot Size 6,781 Sqft
Property Description
Discover 4720-4722 6th Ave, a charming duplex with significant investment potential, located on a beautiful palm tree-lined street in the highly sought-after Hyde Park neighborhood of Los Angeles. This tenant-occupied property features a total of 4 bedrooms and 2 baths, with 2 bedrooms in each unit, offering 2,417 square feet of living space on a generous 6,481 square foot lot. Zoned LAR2, the property provides ample opportunities for future development, including the potential to add an Accessory Dwelling Unit (ADU) for additional rental income. The duplex benefits from long-term tenants who consistently pay rent on time, ensuring steady cash flow for investors from day one and lots of upside potential. The long driveway leads to a detached garage, providing plenty of parking and storage space. The property's strategic location near the rapidly developing Crenshaw Corridor, the new Crenshaw/LAX Metro Line, and popular destinations like SoFi Stadium, Culver City, and Downtown LA makes it an ideal choice for investors seeking a buy-and-hold opportunity with significant upside. Hyde Park's ongoing revitalization, combined with infrastructure improvements in South Los Angeles, creates strong rental demand and a promising outlook for future appreciation. This neighborhood offer
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Rooms
Kitchen Oven Range - Gas, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Flooring Laminate
Laundry Other
Exterior
Garage Spaces 2.0
Pool 31, None
View Local/Neighborhood
Roof Type Tile
Building
Lot Description Grade - Level
Story One Story
Foundation Raised
Water District - Public
Architectural Style Spanish
Others
Tax ID 5014019012
Special Listing Condition REO / Bank Owned Property
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Listed by Henry Vega • Enrique Henry Vega Jr. Broker