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FOR SALE

$950,000

6829 Makee Ave, Los Angeles, Ca 90001

2,800 SF

Square Feet

$339

PPSF

7

Units

100.0K

PPU

10.54%

CAP

Property Description

Units

7 — PPU: 100.0K

NOI

$100,130

Cap Rate

10.54%

Investment Overview

The property at 6829 Makee Avenue in Los Angeles offers an excellent investment opportunity in a well-established neighborhood with close proximity to key areas. Built in 1948, this multifamily apartment building consists of seven units across one story, with a desirable unit mix catering to various tenant needs. The property features five studio units and two two-bedroom units, appealing to singles, young professionals, and small families alike. The property’s structure combines wood frame and stucco construction with a flat roof, making it both durable and manageable. Each unit has been separately metered for utilities, which reduces costs and simplifies management for owners.

Neighborhood Overview

Located in the thriving South LA submarket, this property is positioned to offer tenants a blend of urban accessibility and residential comfort. The area is known for its convenient access to both the city center and surrounding local neighborhoods, providing a balance that appeals to tenants seeking both proximity to work and a relaxed living environment. South Los Angeles has been experiencing revitalization, attracting new developments, businesses, and residents who enjoy the vibrancy of the neighborhood.

Transportation Access

6829 Makee Avenue benefits from excellent transportation options. The area is serviced by various Metro bus lines and offers quick access to major freeways, making commuting to Downtown Los Angeles and other areas of the city straightforward and efficient. This connectivity is a major draw for tenants who commute daily, whether for work, school, or other activities.

Local Amenities

The neighborhood offers an array of essential amenities and conveniences that contribute to a high quality of life for residents. Within a short distance, tenants have access to grocery stores, healthcare facilities, and a selection of dining and retail options. Additionally, South Los Angeles is home to several parks and recreational spaces, including those that provide opportunities for outdoor activities.

Investment Highlights

Key features of this investment opportunity include durability of structure, accessibility to public transportation, and potential for further upgrades to enhance its appeal to prospective tenants. This location is ideal for tenants who appreciate community-focused living without sacrificing the benefits of urban proximity.


Property Details

Asset Type

MultiFamily

Year Built

1948

Zoning

N/A

Submarket

Los Angeles

ZIP

90001

Listing Type

sale

Net Operating Income (NOI)

$158,856

Debt Service Coverage Ratio (DSCR)

2.94x

Cap Rate

16.72%

Cash Flow (Annual)

$104,814

Cash-on-Cash Return

44.13%

Monthly Debt Service

$4,503

Annual Debt Service

$54,042

View on Map

Address

6829 Makee Ave, Los Angeles, Ca 90001

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Los Angeles MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

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Taylor Avakian
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Taylor Avakian

First Vice President

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Taylor Avakian
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Taylor Avakian

First Vice President

53 closed