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    6653 W 86th Place

    Los Angeles (City), CA 90045
    • $6,750,000
    • STATUS: Active Under Contract
    • ON SITE: 63 days
    • ID#: SB21048203
    Under Contract
    UPDATED: 27 min ago
    $6,750,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 14,706
      SQFT
    • $459
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1979
    County:

    School Ratings & Info

    Description

    6653 W 86th Pl is an 18-unit building located in the desirable Westchester submarket in Los Angeles. The building was constructed in 1979 and is not subject to LA Rent Control or require a Soft-Story Retrofit. The property consists of a 14,706 SF building situated on a large 14,296 SF street-to-street lot. 6653 W 86th offers a unit mix of (4) 2-bed/2-bath units, (10) 1-bed/1-bath units & (4) studio units. All units include a garage parking space, storage, and access to the on-site laundry facilities, 14 of the 18 units have been updated in recent years. Located in one of the least traded rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset with strong in-place income.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T11:33:17.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.debonishomes.com/homes/114876139
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    6653 W 86th Place Los Angeles (City), CA 90045

    • Price: $6,750,000
    • Status: Active Under Contract
    • Updated: 27 min ago
    • ID#: SB21048203
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    14,706
    SQFT
    $459
    $/SQFT
    1979
    Built
    Neighborhood:
    C29 - Westchester
    County:
    Los Angeles
    Area:
    C29 - Westchester
    Property Description
    6653 W 86th Pl is an 18-unit building located in the desirable Westchester submarket in Los Angeles. The building was constructed in 1979 and is not subject to LA Rent Control or require a Soft-Story Retrofit. The property consists of a 14,706 SF building situated on a large 14,296 SF street-to-street lot. 6653 W 86th offers a unit mix of (4) 2-bed/2-bath units, (10) 1-bed/1-bath units & (4) studio units. All units include a garage parking space, storage, and access to the on-site laundry facilities, 14 of the 18 units have been updated in recent years. Located in one of the least traded rental markets in California, this is a perfect opportunity for a yield-focused investor looking to purchase an A+ asset with strong in-place income.
    Exterior Features

    Fencing Security Lot Features Landscaped Number Of Separate Electric Meters 18 Parking Features GarageTandem Parking Total 28 Pool Features None Pool Private YN No Property Attached YN Yes View Neighborhood View YN Yes

    Interior Features

    Appliances Dishwasher Common Walls 2+ Common Walls Cooling Central Air Cooling YN Yes Fireplace Features Living Room Fireplace YN Yes Heating Central Heating YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3.93 Common Interest Community Apartment Community Features Sidewalks Garage YN Yes Gross Income 379495 Gross Scheduled Income 399468 Insurance Expense 5882 Land Lease YN No Laundry Features Common Area Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To New Loan Maintenance Expense 11984 Net Operating Income 237652 New Construction YN No New Taxes Expense 88403 Number Of Separate Gas Meters 18 Number Of Separate Water Meters 1 Number Of Units Leased 18 Operating Expense 141842 Other Expense 14400 Property Sub Type Apartment Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 33289 Trash Expense 0 Vacancy Allowance 19973 Water Sewer Expense 0 Water Source Public Zoning Lar3

    Listing provided courtesy of Brett Lyon of Lyon Stahl Investment Real Estate, Inc. and J.Woody Stahl of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-11T11:33:17.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The DeBonis Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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    Riverside CA, 92508