6101 Afton Place, Los Angeles, California 90028, Los Angeles, 90028 - bed, bath

6101 Afton Place, Los Angeles, California 90028 home-pic-0
ACTIVE$1,299,000
6101 Afton Place, Los Angeles, California 90028
0Bed
0Bath
5,746Sqft
7,700Lot
Year Built
1922
Close
-
List price
$1.3M
Original List price
$1.3M
Price/Sqft
$226
HOA
-
Days on market
-
Sold On
-
MLS number
SR25032188
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.30M(50th), sqft - 5746(67th), beds - undefined(50th), baths - undefined(50th).

First time on the market in nearly 80 years! We are proud to present an incredible 4-unit investment opportunity across from Sunset Gower Studios in the heart of Hollywood! Located in an Opportunity Zone, the building consists of four spacious 2 bedroom / 1 bath units with a total rentable sq. footage of appx. +/- 5,746 sq. ft. One unit will be delivered VACANT, allowing a buyer to immediately take advantage of the rental upside! Each unit has washer/dryer hookups and features 1920s Old Hollywood charm and period details. With two garages on the appx. +/- 7,700 sq. ft lot and ample uncovered parking spaces, a buyer could potentially build one or more ADUs to further enhance the rental income. Separately metered for gas and electric. Less than 1 mile from the Netflix HQ, Paramount Pictures, and walking distance to the Hollywood Walk of Fame, the building is in a highly desirable rental market with close proximity to Hollywood attractions, the 101 freeway, and Downtown LA.

Condition Rating
Poor

Built in 1922 and on the market for the first time in nearly 80 years, this property has not undergone significant modern renovations. The '1920s Old Hollywood charm' implies original or very outdated kitchens and bathrooms, and the AI analysis confirms 'Outdated Interiors/Systems' and 'potential for significant deferred maintenance' for major components like plumbing, electrical, and roof. The exterior images show signs of neglect, such as overgrown landscaping and cracked concrete. While habitable, the property requires substantial repairs and rehabilitation to meet current quality standards and tenant expectations.
Pros & Cons

Pros

Exceptional Location & Rental Demand: Situated in the heart of Hollywood, across from Sunset Gower Studios, and near major employers (Netflix HQ, Paramount Pictures), ensuring high rental demand and tenant appeal.
Opportunity Zone Benefits: Located within an Opportunity Zone, offering significant tax advantages for long-term investors, enhancing the property's financial attractiveness.
Immediate Value-Add & Income Upside: Includes one vacant unit for immediate rental income optimization and potential for adding ADUs, providing clear avenues for increased cash flow and property appreciation.
Diversified Income Stream: A 4-unit quadruplex with spacious 2-bedroom units, offering a stable and diversified income stream, mitigating risk compared to single-family investments.
Tenant-Friendly Features & Reduced Landlord Costs: Separately metered utilities (gas/electric) reduce landlord operating expenses, while in-unit washer/dryer hookups and ample parking are highly desirable amenities for tenants.

Cons

Age of Property & Capital Expenditure Risk: Built in 1922 and on the market for the first time in 80 years, suggesting potential for significant deferred maintenance and upcoming capital expenditures for major systems (plumbing, electrical, roof).
Outdated Interiors/Systems: While possessing 'Old Hollywood charm,' the 1920s period details may indicate outdated finishes and potentially inefficient systems that could require renovation to maximize rental income or meet modern tenant expectations.
Lack of Modern Comforts: The description does not mention a cooling system (e.g., central AC), which could be a significant drawback for tenants in Los Angeles's climate and may necessitate future investment.

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