6402 S Victoria Avenue
Los Angeles, CA 90043
- – beds
- – baths
- – sqft
- 9,468 sqft lot
- 1962 build
- – on site
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The Victorian Arms Apartments is a 10 unit multi-family building located along the new LAX/Crenshaw metro rail line. The building features large units, averaging +/- 800 SF in size, natural light throughout, off-street parking, and on-site laundry for all tenants. The property has been well maintained, with recent updates including: 1) New central water heater, 2) New laundry machines, 3) Earthquake retrofit completed with permits, and 4) Four unit renovations with updates including new flooring, remodeled kitchen, new stainless-steel appliances, large farmhouse style kitchen sink, and air conditioning. The Victorian Arms Apartments unit mix consists of five (5) one-bedroom + one-bathroom units, three (3) two- bedroom + one-bathroom units, one (1) two-bedroom + one-half- bathroom unit, and one (1) two- bedroom + two-bathroom unit. Currently operating at a conservative 4.54% CAP rate with over 38% rental upside remaining, the building is fit for any and all investors. Whether you are looking to build your portfolio, execute a semi value- add process, or buy and hold, the Victorian Arms Apartments is positioned as an opportunity for equity growth for decades to come. Contact the listing broker for additional information.
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Last updated Mar 20, 2023
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MLS# 22136453 —
Walk Score®
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Soundscore™
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Max Internet Speed
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/23/22
Jun 23, 2022
|
Sold | CRMLS_CA | $2,310,000 | -3.5% |
|
4/11/22
Apr 11, 2022
|
Pending | CRMLS_CA | $2,395,000 | |
|
3/15/22
Mar 15, 2022
|
Listed / Active | CRMLS_CA | $2,395,000 | 34.6% (28.7% / YR) |