$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.