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6421 11th Avenue, Los Angeles, California 90043, Los Angeles, 90043 - bed, bath

6421 11th Avenue, Los Angeles, California 90043 home-pic-0
ACTIVE$1,100,000
6421 11th Avenue, Los Angeles, California 90043
0Bed
0Bath
3Sqft
11,360Lot
Year Built
1925
Close
-
List price
$1.1M
Original List price
$1.1M
Price/Sqft
$366,667
HOA
-
Days on market
-
Sold On
-
MLS number
SR25021691
Home ConditionPoor
Features
View-

About this home

We found 3 Cons,6 Pros. Rank: price - $1.10M(88th), sqft - 3(25th), beds - undefined(50th), baths - undefined(50th).

Discover the potential of a multi-unit property offering a variety of living spaces on a large 11,356 sq. ft. fenced lot. This property comprises two separate buildings with a mix of unit configurations: one 3-bedroom, 1.5-bath unit; one 2-bedroom, 1.5-bath unit; and one 1-bedroom, 1-bath unit. This is a value-add opportunity with potential for increased rental income, making it an excellent choice for investors. The spacious lot provides ample outdoor space and flexibility for future enhancements. Located in the Park Mesa Heights neighborhood, this property is situated across from the Hyde Park Early Education Center and is near shopping, dining, parks, and public transportation. A great opportunity to own an income-generating property in a well-connected Los Angeles community.

Nearby schools

2/10
Yes Academy
Public,•K-5•0.2mi
2/10
Fifty-Ninth Street Elementary School
Public,•K-5•0.7mi
4/10
Centinela Elementary School
Public,•K-6•1.0mi
3/10
Seventy-Fourth Street Elementary School
Public,•K-5•1.0mi
1/10
Lane (Warren) Elementary School
Public,•K-6•1.0mi
3/10
Angeles Mesa Elementary School
Public,•K-5•1.1mi
2/10
Fifty-Fourth Street Elementary School
Public,•K-5•1.1mi
3/10
Windsor Hills Math Science
Public,•K-5•1.8mi
2/10
Forty-Second Street Elementary School
Public,•K-5•1.8mi
1/10
Horace Mann Junior High School
Public,•6-8•1.1mi
2/10
Barack Obama Global Preparation Academy
Public,•6-8•1.8mi
2/10
Audubon Middle School
Public,•6-8•2.0mi
2/10
Crozier (George W.) Middle School
Public,•7-8•2.5mi
3/10
Parent (Frank D.) Elementary School
Public,•K-8•2.6mi
/10
Monroe (Albert F.) Middle School
Public,•6-8•2.9mi
1/10
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public,•9-12•1.1mi
2/10
Inglewood High School
Public,•9-12•2.0mi
2/10
George Washington Preparatory High School
Public,•9-12•3.3mi
9/10
Middle College High School
Public,•9-12•6.0mi
Condition Rating
Poor
Built in 1925, this property is nearly 100 years old and is explicitly marketed as a 'value-add opportunity' requiring 'significant capital investment for modernization.' The exterior images show a dated and worn appearance with visible signs of deferred maintenance. With no interior images provided, and given the property's age and the description, it's highly probable that the kitchens and bathrooms are severely outdated and require substantial renovation, along with major system updates. The property needs extensive repairs and rehabilitation to meet current living standards.
Pros & Cons

Pros

Great Schools: High School: Middle College High School (9/10).
Income-Generating Triplex: The property is a multi-unit triplex with three distinct units (3-bedroom, 2-bedroom, and 1-bedroom), offering multiple income streams for investors.
Significant Value-Add Potential: Explicitly identified as a 'value-add opportunity' with potential for increased rental income and future enhancements, appealing to strategic investors.
Expansive Lot Size: Features a large 11,356 sq. ft. fenced lot, providing ample outdoor space and flexibility for potential expansion or development.
Strategic Los Angeles Location: Located in the well-connected Park Mesa Heights neighborhood, offering convenient access to shopping, dining, parks, and public transportation.
Two Separate Buildings: Comprises two separate buildings, which can offer enhanced privacy for tenants and diverse property management options.

Cons

Historic Property Age: Built in 1925, the property's age suggests potential for deferred maintenance, outdated systems, and significant capital investment for modernization.
Implied Renovation Costs: As a 'value-add opportunity,' substantial renovation and upgrade costs are implied to realize its full potential, which may deter buyers seeking a turn-key asset.
Mixed School Ratings: Several nearby elementary and middle schools have lower ratings, which could be a consideration for families with school-aged children.

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