Skip To Content

6007 Holmes Avenue

Los Angeles (City), CA 90001
  • $699,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: SB24017998
Price Reduced
UPDATED: 29 min ago
$699,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1926
County:

School Ratings & Info

Listing Agent(s): Evelyn Baez Gonzalez of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Olga Wright of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

HUGE PRICE DROP for quick sale. 6007 Holmes Ave is a mix-use property on a high traffic street. The property offers a combination of 3 residential units in the back and 2 commercial storefront spaces in the front. One of the commercial spaces in front is vacant and presents an excellent owner-user opportunity. ***Residential units are a mix of one 4Bedroom/1Bath and two 2Bedroom/1Bath units that generate $3,145/mo. in addition to Salon (rented at $1,200/mo.) and the vacant space that can be rented at $2000/mo. The HIGHEST CASH FLOW income property on the market at current 9.1 GRM and 7.4% Cap Rate. ***Boasting 3,392 SF of building on a generous 6,826 SF of land, this strategically located space presents a multitude of possibilities. The LAC2 zoning adds versatility, allowing for various commercial uses and contributing to the property's appeal. There is ample parking in the rear, accommodating up to 6 cars for both residents and commercial tenants. Whether you're an experienced investor or entering the real estate market, this property offers a compelling blend of contemporary living spaces and thriving commercial potential. Please do not disturb the tenants. This property is located in LA City, providing flexibility in land use and development.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T07:37:01.04. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147084026
Print Image

6007 Holmes Avenue Los Angeles (City), CA 90001

  • Price: $699,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 29 min ago
  • ID#: SB24017998
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1926
Built
Neighborhood:
C34 - Los Angeles Southwest
County:
Los Angeles
Area:
C34 - Los Angeles Southwest
Property Description
HUGE PRICE DROP for quick sale. 6007 Holmes Ave is a mix-use property on a high traffic street. The property offers a combination of 3 residential units in the back and 2 commercial storefront spaces in the front. One of the commercial spaces in front is vacant and presents an excellent owner-user opportunity. ***Residential units are a mix of one 4Bedroom/1Bath and two 2Bedroom/1Bath units that generate $3,145/mo. in addition to Salon (rented at $1,200/mo.) and the vacant space that can be rented at $2000/mo. The HIGHEST CASH FLOW income property on the market at current 9.1 GRM and 7.4% Cap Rate. ***Boasting 3,392 SF of building on a generous 6,826 SF of land, this strategically located space presents a multitude of possibilities. The LAC2 zoning adds versatility, allowing for various commercial uses and contributing to the property's appeal. There is ample parking in the rear, accommodating up to 6 cars for both residents and commercial tenants. Whether you're an experienced investor or entering the real estate market, this property offers a compelling blend of contemporary living spaces and thriving commercial potential. Please do not disturb the tenants. This property is located in LA City, providing flexibility in land use and development.
Exterior Features

Entry Level 1 Entry Location 1 Fencing None Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 5 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Roof None Spa Features None Spa YN No View None View YN No

Interior Features

Accessibility Features None Common Walls 1 Common Wall Cooling None Cooling YN No Fireplace Features None Fireplace YN No Flooring Laminate Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 7.43 Common Interest None Community Features Sidewalks Electric Standard Garage YN No Gross Income 0 Gross Scheduled Income 76140 Insurance Expense 2205 Land Lease YN No Laundry Features None Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash1031 Exchange Maintenance Expense 3250 Net Operating Income 51941 New Construction YN No New Taxes Expense 8738 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 20392 Property Sub Type Mixed Use Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays ElectricityGas Trash Expense 1000 Utilities None Vacancy Allowance 3807 Vacancy Allowance Rate 3 Water Sewer Expense 4000 Water Source Public Zoning LCC2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T07:37:01.04. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372352039-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372352039-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372352039-2.jpg
Logo
Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Evelyn Baez Gonzalez of Lyon Stahl Investment Real Estate, Inc. (310-425-9838) and Olga Wright of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)