Property listed by Miller & Desatnik Realty Co., Glenn Brander 310-202-9166
$2,425,000
6036 Cadillac Avenue Residences, a14-unit multifamily investment opportunity located on the western edge of Mid-City, Los Angeles. The property features a diverse mix of (4) two-bedroom/one-bath units, (9) one bedroom/one-bath units, and (1) studio unit, catering to a wide range of tenants. The subject property provides the astute investor with… Read More an opportunity to acquire this asset at are markably low $231 per building square foot & $173,214 per unit respectively.Additionally, there is massive rental upside, well over 50%, providing a compelling value-add opportunity to increase cash flow and substantially increase overall asset value. The building is separately metered for gas and electricity, helping to minimize owner expenses,and features a pitched roof, contributing to its long-term durability and reduced maintenance considerations.Ideally situated in close proximity to a variety of shops, restaurants, and local amenities, the subject property benefits from strong rental demand driven by its strategic western edge of Mid-City location, with convenient access to surrounding Picfair Village, Beverlywood and Carthay Square neighborhoods, as well as nearby Culver City employment hubs and lifestyle attractions. 6036 Cadillac Avenue represents an excellent opportunity for investors seeking a well-located asset with substantial upside potential in one of Los Angeles' most dense rental markets. Read Less
Listing Snapshot
Days Online
1
Last Updated
Beds
17
Square Ft.
10,498
Lot Size
0.28 Acres
Year Built
1955
MLS Number
26692301
Additional Details
Building
Built in 1955, Living area: 10498.0, 1 building, 2 stories, Levels: Two
Income
Gross Income: $198,987, Net Operating Income: $102,835
Lot
0.2792 acres
Parking
10 total parking spaces
Taxes
Parcel Number: 5066001013, Zoning: LAR3
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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