For Sale
$3,975,000

6313-6319 Brynhurst AveLos Angeles, CA 90043

51-Unit Apartment Complex, High ROI Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional mixed-use property, located at 6313-6319 S. Brynhurst Ave., Los Angeles, CA 90043, presents a lucrative investment opportunity. The property boasts a substantial 62,432 square feet on a 22,728 square foot lot, encompassing 51 units in a market-rate apartment development. The building features a strategic mix of unit sizes designed to maximize tenant desirability and minimize turnover. Specifically, the layout includes 13 one-bedroom/one-bathroom units at 735 square feet, 5 two-bedroom/two-bathroom units at 1080 square feet, 33 three-bedroom/two-bathroom units at 1158 square feet, 5 two-bedroom/two-bathroom units at 1080 square feet, and 20 two-bedroom/two-bathroom units with dens at 1150 square feet. Five of these units are designated as Extra Large Units (ELI). There is also potential to convert some or most of the two-bedroom/two-bathroom units with dens into three-bedroom/two-bathroom units, further enhancing the property's income potential. The property is zoned R3 and includes 28 parking spaces. The asking price is $3,975,000, and the property's APN is 4006-007-007 and 4006-007-008. Its central location offers convenient access to various public transportation options. The project will be delivered ready-to-rent upon closing.

Highlights

  • Market-rate development with 5 Energy-efficient units.
  • Oversized unit design maximizes tenant appeal and minimizes turnover.
  • Conversion potential of select units to increase three-bedroom options.
  • Excellent public transportation access.
  • Ready-to-lease upon project completion.
  • Unit mix: 13 one-bedroom/one-bath (735 sq ft), 5 two-bedroom/two-bath (1080 sq ft), 33 three-bedroom/two-bath (1158 sq ft).

Property Details for 6313-6319 Brynhurst Ave

Property type
Mixed-use properties
Square Feet
62,432 SF
Units
51

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
33.9822976
Longitude
-118.3339871
6313-6319 Brynhurst Ave, Los Angeles, California

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6313-6319 Brynhurst Ave
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