6124 S Victoria Ave, Los Angeles, CA 90043
6124 S Victoria Ave, Los Angeles, CA 90043
6124 S Victoria Ave, Los Angeles, CA 90043
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John Matukas

John Matukas

+1(323) 377-4961
$1,395,000
Est. payment /mo
8 Beds
5 Baths
4,049 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,049 sqft

Price per Sqft $344

MLS Listing ID 26860151

Bedrooms 8

Year Built 1916

Lot Size 0.261 Acres

Acres 0.2611

Property Sub-Type Multi-Family

Property Description

CALLING ALL INVESTORS. FIXER OPPORTUNITY! Presenting a rare investment and development opportunity in the rapidly transforming Park Mesa neighborhood of Los Angeles. This highly sought-after area is experiencing significant growth, with numerous developments currently underway, making it an ideal acquisition for investors, developers, and long-term hold buyers alike. The property's most compelling feature is that it will be delivered mostly vacant, creating immediate flexibility and multiple exit strategies. Investors can renovate and lease the oversized units at current market rents. Alternatively, developers can capitalize on the area's strong development momentum by pursuing a ground-up redevelopment project of up to 84 units (Buyers to check with the city). In addition to a full redevelopment play, buyers may explore the possibility of adding additional units to the rear of the oversized lot, creating a larger multifamily asset while maintaining existing improvements. Buyers should conduct their own due diligence regarding development potential and zoning opportunities( Zoned R3). The existing property consists of five exceptionally large apartment units, each featuring a dedicated one-car garage and private laundry area, amenities that are increasingly difficult to find in today's rental market. The generous unit sizes and functional layouts provide strong appeal for future tenants and support premium rental rates. Whether you're seeking a cash-flowing multifamily asset, a value-add repositioning opportunity, or a future development site in one of Los Angeles' emerging growth corridors, this property offers a combination of flexibility, location, and upside rarely available in today's market. 4 units will be delivered vacant. The final tenant is open to moving.

Location

State CA

County Los Angeles

Area Park Hills Heights

Zoning LAR3

Interior

Laundry Community, Inside

Exterior

Roof Type Composition

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by West Shores Realty, Inc.

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John Matukas

John Matukas

+1(323) 377-4961

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