Commercial%252520RE_edited_edited_edited

6720 West Blvd, Los Angeles

For Sale

8 UNITS

$2,345,000

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PROPERTY LOCATION

6720 West Blvd, Los Angeles, CA 90043, USA

PROPERTY DETAILS

Property Type

Multifamily

Units

Price/Unit

8

$293,125

Price/Sqft

$348.96

Building Sqft

6720

Lot Sqft

Current Cap Rate

10286

6.12%

Current GRM

11.69

Year Built

1950

Zoning

Market Cap Rate

LAC2

6.54%

Market GRM

10.77

CONTACT

LISTING TEAM

Nico.jpg

Nico Rosmarin

424.226.9449

DRE 02023847

Nico.jpg

Molly First

424.210.9129

DRE 02065583

Nico.jpg

INVESTMENT DESCRIPTION

Nico Rosmarin and Molly First of Lyon Stahl Investment Real Estate are proud to present 6720 West Boulevard, a beautifully renovated, turnkey, 8-unit apartment building, located in the up and coming Hyde Park neighborhood of Los Angeles. Built in 1950, the 6,720 square foot building sits on a large 10,286 square foot lot and is comprised of eight (8) two-bedroom/one-bathroom units. All but one unit has been completely remodeled featuring AC, new vinyl flooring, remodeled kitchens and bathrooms, copper plumbing throughout, and an upgraded roof. Each unit has its own water heater and is separately metered for gas & electricity, plus there is an additional 9th gas & electric meter for communal areas of the building. The property has communal laundry area with washer/dryer as well as 12 parking spaces on-site.

6720 West Boulevard is located in close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line offering tenants easy transit to much of Los Angeles. Additionally, the location is approximately three miles north of SoFi Stadium and the future site of the Los Angeles Clippers. With the ease of transportation, as well as the economic growth provided by Inglewood’s rapid growth, 6720 West Blvd offers an excellent opportunity for an astute investor.
6720 West Boulevard is located in close proximity to the nearly completed Hyde Park Station of the Crenshaw Metro Line offering tenants easy transit to much of Los Angeles. Additionally, the location is approximately three miles north of SoFi Stadium and the future site of the Los Angeles Clippers. With the ease of transportation, as well as the economic growth provided by Inglewood’s rapid growth, 6720 West Blvd offers an excellent opportunity for an astute investor.