Description

We are pleased to present 6036 10th Avenue, a 14-unit apartment community situated on a 15,168 square foot lot in the Hyde Park / Park Mesa Heights neighborhood of Los Angeles. Built in 1949, the property comprises 6,900 rentable square feet across a series of single-story, bungalow-court buildings arranged around a landscaped central walkway giving each unit its own private entrance and a house-like feel that sets it apart from surrounding rental stock. Offered at a going-in 8.24% Cap Rate, the property offers investors strong current cash flow alongside a path to future upside. The building offers a clean, uniform mix of fourteen one-bedroom/one-bath units, including two newly constructed ADUs (6044 1/2 and 6050 1/2), a straightforward configuration that keeps operations simple while appealing to a broad, stable tenant base. Many units have been renovated as leases have turned, featuring white shaker cabinetry, quartz countertops, subway-tile backsplashes, stainless appliances, and updated vinyl-plank or hardwood flooring with the remaining units offering clear interior upside on future turnover. Located in the Crenshaw corridor, the property sits minutes from the Metro K (Crenshaw/LAX) Line and offers convenient access to SoFi Stadium and the Inglewood entertainment district, Culver City, Downtown Los Angeles, and LAX a submarket drawing sustained investment and steady workforce-housing demand.