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    6720 West Boulevard

    Los Angeles, CA 90043
    • $2,355,000
    • STATUS: ACTIVE
    • ON SITE: 61 days
    • ID#: 302966198
    $2,355,000
    • 8
      BEDS
    • 0.24
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    County:

    School Ratings & Info

    Description

    We are proud to present 6720 West Boulevard, a beautifully renovated, turnkey, 8-unit apartment building, located in the up and coming Hyde Park neighborhood of Los Angeles. Built in 1950, the 6,720 square foot building sits on a large 10,286 square foot lot and is comprised of eight (8) two-bedroom/one-bathroom units. All but one unit has been completely remodeled featuring AC, new vinyl flooring, remodeled kitchens and bathrooms, copper plumbing throughout, and an upgraded roof. Each unit has its own wa We are proud to present 6720 West Boulevard, a beautifully renovated, turnkey, 8-unit apartment building, located in the up and coming Hyde Park neighborhood of Los Angeles. Built in 1950, the 6,720 square foot building sits on a large 10,286 square foot lot and is comprised of eight (8) two-bedroom/one-bathroom units. All but one unit has been completely remodeled featuring AC, new vinyl flooring, remodeled kitchens and bathrooms, copper plumbing throughout, and an upgraded roof. Each unit has its own water heater and is separately metered for gas & electricity, plus there is an additional 9th gas & electric meter for the entire building. The property has communal laundry area with washer/dryer as well as 12 parking spaces on-site. 6720 West Boulevard is located in close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line offering tenants easy transit to much of Los Angeles. Additionally, the location is approximately three miles north of SoFi Stadium and the future site of the Los Angeles Clippers. With the ease of transportation, as well as the economic growth provided by Inglewoods rapid growth, 6720 West Blvd offers an excellent opportunity for an astute investor.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.lajollaagent.com/homes/111939446
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    6720 West Boulevard Los Angeles, CA 90043

    • Price: $2,355,000
    • Status: ACTIVE
    • ID#: 302966198
    8
    Beds
    0
    Baths
    0
    ½ Baths
    0.24
    Acres
    Neighborhood:
    Los Angeles (90043)
    County:
    Los Angeles
    Area:
    Los Angeles (90043)
    Property Description
    We are proud to present 6720 West Boulevard, a beautifully renovated, turnkey, 8-unit apartment building, located in the up and coming Hyde Park neighborhood of Los Angeles. Built in 1950, the 6,720 square foot building sits on a large 10,286 square foot lot and is comprised of eight (8) two-bedroom/one-bathroom units. All but one unit has been completely remodeled featuring AC, new vinyl flooring, remodeled kitchens and bathrooms, copper plumbing throughout, and an upgraded roof. Each unit has its own wa We are proud to present 6720 West Boulevard, a beautifully renovated, turnkey, 8-unit apartment building, located in the up and coming Hyde Park neighborhood of Los Angeles. Built in 1950, the 6,720 square foot building sits on a large 10,286 square foot lot and is comprised of eight (8) two-bedroom/one-bathroom units. All but one unit has been completely remodeled featuring AC, new vinyl flooring, remodeled kitchens and bathrooms, copper plumbing throughout, and an upgraded roof. Each unit has its own water heater and is separately metered for gas & electricity, plus there is an additional 9th gas & electric meter for the entire building. The property has communal laundry area with washer/dryer as well as 12 parking spaces on-site. 6720 West Boulevard is located in close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line offering tenants easy transit to much of Los Angeles. Additionally, the location is approximately three miles north of SoFi Stadium and the future site of the Los Angeles Clippers. With the ease of transportation, as well as the economic growth provided by Inglewoods rapid growth, 6720 West Blvd offers an excellent opportunity for an astute investor.
    Exterior Features

    Pool N/K Site CurbsSidewalks

    Interior Features

    Stories 2 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 1

    Property Features

    Actual Cap Rate 6.05 Annual Expense Actual 51330 Buildings 1 Gross Rent Multiplier Actual 11.79 Gross Scheduled Income Actual 197880 Terms CashConventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1970.0 Unit2 Rent Actual 2150.0 Unit3 Rent Actual 2100.0 Unit4 Rent Actual 2095.0 Zoning Assessor

    Listing provided courtesy of Lyon Stahl Investment Real Estate, Inc.. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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