6401 S Victoria, Los Angeles, California 90043

$2,750,000

Property Type

Residential Income

Building Size

10,192 sqft

City

Los Angeles

Status

Active

6401-6407 S Victoria Ave is a 17-unit, two-parcel apartment offering in Hyde Park, delivering excellent in place cash flow on 29,003 square feet of LAR3 land with several paths to add value. 6401-6407 S Victoria is an excellent opportunity to acquire two adjoining parcels in Hyde Park, one of South Los Angeles’ most improved neighborhoods. The offering has 17 units across buildings built in 1923 and 1953. The unit mix includes (6) 1 bed / 1 bath, (9) 2 bed / 1 bath and (2) 3 bed / 1 bath units, totaling 10,192 square feet on a combined 29,003 square foot LAR3 zoned lot. The property already produces excellent in place cash flow and still has upside in the rents, with two 1 bed / 1 bath units to be delivered vacant. The large lot gives a future investor several ways to add value, including ADUs or new construction. Hyde Park sits between Baldwin Hills, View Park and Leimert Park to the north and Inglewood to the south, where the Hollywood Park district (SoFi Stadium and Intuit Dome) has become one of the region’s major sports and entertainment hubs. The Metro K Line’s Hyde Park Station on Crenshaw Blvd connects tenants to the E Line, LAX and the broader Metro system. Along the Crenshaw corridor, mixed-use and multifamily projects are being built near the station, and Destination Crenshaw, a 1.3 mile open air arts and culture corridor, is taking shape. With its in place cash flow, large land footprint and growing location, the offering is a chance to own a long term asset in one of LA’s most rapidly improving submarkets.