Residential Income Details
6621 Walker Ave is a 5-unit, NON-RENT controlled apartment building in Los Angeles. Constructed in 1957, the property consists of 3,645 rentable square feet, situated on a spacious 9,222 square foot lot with separate meters for gas and electricity. The unit mix consists of five (5) well-configured two-bedroom/1-bathroom units. Tenants enjoy easy access to public transportation, as well as the convenience of the 710 freeway that offers access to all things in Los Angeles. There are five (5) covered parking spots in the rear of the property in a secured parking lot. This true, value-add deal is priced to sell being offered with a 5.3% CAP pro-forma with over 25% upside in rental income. Moreover, the property falls right in line with sales comparables and offers an owner a great return day one. Due to its central location, excellent unit mix, and upside potential, 6621 Walker Ave would be a great income property for a first-time investor or an excellent addition to any owners portfolio.
|Number of Units||5|
|Listing Brokerage||Lyon Stahl Investment Real Estate, Inc.|
|Listing Agent||J.Woody Stahl|
|Listing Agent BRE #||01399621|
Based on information from California Regional Multiple Listing Service, Inc. as of Thursday, September 27, 2018.
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