3946 E 6th Street, Los Angeles, California 90023, Los Angeles, 90023 - 0 bed, 0 bath
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Los Angeles, California 90023
This High-Density Residential Income Asset is listed at $749,000, presenting a significant Value-Add Opportunity in the high-demand Boyle Heights market. Currently holding a Condition Rating of 5, this REO property consists of a 1916 front house and a massive 2,930 sqft unfinished rear shell. Although the list price sits above the $552,477 Fair Market Value, the unique 8-Bedroom Rear Unit offers exceptional potential for SRO Housing or specialized group living. This asset is a prime acquisition for Fix-and-Flip Investors or Contractors ready to resolve permitting and maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3946 E 6th Street Subject | $749,000* List Price | 0 | 0 | 3,906 | $141 | - |
A 660 S Eastman Sold | $589,000 | 0 | 0 | 3,368 | $175 | 0.1 mi |
B 1087 S Rowan Avenue Sold | $705,000 | 0 | 0 | 4,176 | $169 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
This REO property is a significant rehab project. The 1916 front house is dated, while the large rear addition is currently an unfinished shell with bare wood framing, no interior systems, and incomplete permits/inspections.
The massive 8-bedroom, 4-bathroom rear unit offers exceptional rental income potential, making it an ideal candidate for specialized housing such as SROs or group homes.
Situated in Boyle Heights just outside of Downtown Los Angeles, the property is positioned in a high-demand rental market with easy access to major employment hubs.
With nearly 4,000 square feet of living space and a large lot, there is substantial room for ADU conversion or reconfiguration to maximize the property's overall cap rate.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3906, other record living area = 845.
The rear unit has incomplete permits and inspections, placing the burden of complex city approvals and potential compliance costs on the buyer.
As a vacant bank-owned property targeted specifically at contractors, it likely requires significant capital expenditure for repairs and modernization before becoming habitable.
Calling all Investors and Contractors to this Vacant REO Opportunity in prime location just outside of Downtown LA, featuring a 3 Bed, 1 Bath, 967 Sqft home in front and 8 bedroom, 4 bathroom, 2930 Sqft unit in the rear. Per EPIC LA records, the 8 Bedroom rear unit (3948 E 6th) appears to have passed plan review in March 2023 but other approvals, permits, and inspections are incomplete. While further due diligence is required, the high bed count rear unit may be suitable for Single Room Occupancy (SRO) housing, group home, or creation of additional ADU's within the square footage. Buyers and Brokers strongly advised to verify status of all permits with the local building departments to satisfy themselves.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,906 | 1,758 | 94% |
| Lot Size | 7,760 | 5,983 | 76% |
| Price | $749.0K | $749.0K | 50% |
| Price per sq ft | $192 | $408 | 12% |
| Built year | 1916 | 1922 | 35% |
| HOA | $0 | $0 | 50% |
| Days on market | 31 | 138 | 6% |
May 6, 2026
$749,000
Initial Listing
Jan 2, 1997
$145,000
Public Record
May 17, 1996
$80,000
Public Record