Investment Highlights
• Well maintained by the current ownership over an approx.
40-year hold period.
• 1985 Constr. (not covered under the City of LA’s Rent
Stabilization Ordinance. (~8-10% annual rent increases
allowable.)
• High-Vacancy (69% Vacant); unique opportunity to realize
tremendous rental upside through rehab and renovation.
• Strategic location in a vibrant and growing Northeast LA
rental market poised for future rent growth.
• Strong proforma cap rate of 5.07% and 12.94 proforma GRM
after rehab/renovation.
• Can be purchased individually or as part of a portfolio along
with the adjacent lots: 6817-6819 N. Figueroa St. (21-unit
apt. property) and 6801 N. Figueroa St. (4-Suite Corner Retail
property)
Property Highlights
• 13-Unit apt. property constr. in 1985 (not under LA City RSO)
w/ 3-story layout.
• Unique unit mix of 10 large studios, 2-1/1B units, and a
spacious 3b2b ground-level unit w/ a front yard area; all
units have patios or balconies.
• A large ±11,560 SF lot zoned RD1.5-1HCR featuring 6 surface
parking spaces, 2 1-car garages, and 1 2-car garage; no
soft-story retrofit required.
• Communal coin-operated laundry facility and first-floor
lounge area w/ ADU conversion potential. (buyer to verify)
• Walking distance (15 mins.) or a short drive (5 mins.) from
lively retail corridors on York Blvd. and N. Figueroa St.
• Copper plumbing installed throughout.
• Separately metered for gas and electricity; no units
extensively renovated to top-of-market condition.