6341 11th AVE Los Angeles, CA 90043
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25111028
HOA Y/N No
Year Built 1930
Lot Size 7,575 Sqft
Property Sub-Type Quadruplex
Property Description
4 single-story units located in the Hyde Park neighborhood of Los Angeles. The property is comprised of (one) 2-bedroom/1-bathroom
unit and (three) 1-bedroom/1-bathroom units. The property is residential asset which presents a desirable owner-user opportunity.
Situated on a large 7,574-SF lot, the property is zoned LAR3 with a Tier 3 TOC (Transit Orient Communities), which allows for the development of
up to 17 units*. Given the TO3 Tier 3 allowance, subterranean parking is not required, and a developer is only responsible for 0.5 parking spaces
per unit. The large lot presents an outstanding opportunity to develop up to 17 units* or to add ADUs in a dense rental market of Los Angeles.
LOCATION
This 2,551-SF fourplex is located just a few blocks from the Hyde Park Station of the Crenshaw/LAX Metro Line. The Crenshaw/LAX line (K
Line) is a $2.1 Billion project of an 8.5-mile light rail line connecting South Los Angeles to the South Bay and the Los Angeles Airport. In a
separate phase of the project, Metro hopes to add plans to extend the line to as far north as Hollywood. Furthermore, the asset is located just south of Slauson Avenue and west of Crenshaw Boulevard, which provides tenants with an abundance of retail shops, restaurants, entertainment, and grocery
stores. The property is located 2 miles from Baldwin Hills Crenshaw Plaza, SoFi Stadium and The Forum and approximately 2.5 miles from
Intuit Dome (NBA Clippers Arena)
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Cooling None
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Total Parking Spaces 4
Private Pool No
Building
Story 1
Sewer Unknown
Water Public
New Construction No
Others
Senior Community No
Tax ID 4006010018
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Virtual Tour https://www.dropbox.com/scl/fi/6to0ldq72k4mk27cttgm9/6341-11th-Avenue-Offering-Memorandum.pdf?rlkey=9xndanc3rl7kg5y47ycyvpbxq&st=revx8oew&dl=0
