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6606 Brynhurst Ave

Los Angeles CA 90043

11
9
13
4737 sq. ft.
11352 sq. ft.
Other
Currently for sale - view listing

Overview

CURRENT CAP is 5.82% And 11.89 GRM PLUS 1 VACANT UNIT FOR IMMEDIATE UPSIDE. MARKET CAP: 7.26% AND 10.06 GRM In the heart of the evolving Hyde Park neighborhood, this 8-unit multifamily property combines immediate cash flow with significant development potential. The current unit mix includes (5) 1-bed/1-bath units (2 vacant), (2) 2-bed/1-bath units, and (1) 2-bed/2-bath Section 8 unit. There is currently one vacancy ready to be filled. Six units have been recently renovated with laminate flooring, modern tile, updated cabinetry, and granite countertops. Additional features include new exterior paint and landscaping (2017), secured entry with a new electric gate, gated on-site parking for 13 cars, on-site laundry for extra income, and separate gas/electric meters. Strong in-place income with room for growth. Property has been professionally managed since 2017 and has been very well maintained, with any issues immediately addressed. Zoned R3 and located in a Tier 3 TOC area, the site is eligible for multiple incentives including AB 2334 and AB 2097, offering pathways to increased density and reduced parking requirements. By-right development allows for 14 units, or up to 26 with TOC density bonuses. Ideal for investors or developers looking to capitalize on one of LA's most promising submarkets.** Buyer to verify all square footage and development opportunities.

Features

11 bedrooms
9 bathrooms
13 carspaces
1 garage space
4737 sq. ft. floor area
11352 sq. ft. lot size
Other

Property history for 6606 Brynhurst Ave

2017
Sold
$1,365,000
16 Jun 2017 by Ian Hollinger, of BRC Advisors- BH

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