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$ 2,425,000
Est. payment /mo
Pending
6036 Cadillac AVE Los Angeles, CA 90034
17 Beds
14 Baths
10,498 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Pending
Purchase Type For Sale
Square Footage 10,498 sqft
Price per Sqft $230
MLS Listing ID 26692301
Bedrooms 17
HOA Y/N No
Year Built 1955
Lot Size 0.279 Acres
Property Description
6036 Cadillac Avenue Residences, a14-unit multifamily investment opportunity located on the western edge of Mid-City, Los Angeles. The property features a diverse mix of (4) two-bedroom/one-bath units, (9) one bedroom/one-bath units, and (1) studio unit, catering to a wide range of tenants. The subject property provides the astute investor with an opportunity to acquire this asset at are markably low $231 per building square foot & $173,214 per unit respectively.Additionally, there is massive rental upside, well over 50%, providing a compelling value-add opportunity to increase cash flow and substantially increase overall asset value. The building is separately metered for gas and electricity, helping to minimize owner expenses,and features a pitched roof, contributing to its long-term durability and reduced maintenance considerations.Ideally situated in close proximity to a variety of shops, restaurants, and local amenities, the subject property benefits from strong rental demand driven by its strategic western edge of Mid-City location, with convenient access to surrounding Picfair Village, Beverlywood and Carthay Square neighborhoods, as well as nearby Culver City employment hubs and lifestyle attractions. 6036 Cadillac Avenue represents an excellent opportunity for investors seeking a well-located asset with substantial upside potential in one of Los Angeles' most dense rental markets.
Location
State CA
County Los Angeles
Area C09 - Beverlywood Vicinity
Zoning LAR3
Interior
Fireplace No
Exterior
Total Parking Spaces 10
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5066001013
Special Listing Condition Standard
Listed by Glenn Brander Miller & Desatnik Realty Co. #01020228
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