6036 Cadillac Avenue, Los Angeles, CA 90034
List Price: $2.42M
Listing Status: Active
0Days on Market: 8
17 Bedrooms · 14 Bathrooms · 10,498 sq ft
Property Type: ResidentialIncome
Year Built: 1955
Lot Size: 12,164 sq ft
MLS Number: 26692301
About This Property
6036 Cadillac Avenue Residences, a14-unit multifamily investment opportunity located on the western edge of Mid-City, Los Angeles. The property features a diverse mix of (4) two-bedroom/one-bath units, (9) one bedroom/one-bath units, and (1) studio unit, catering to a wide range of tenants. The subject property provides the astute investor with an opportunity to acquire this asset at are markably low $231 per building square foot & $173,214 per unit respectively.Additionally, there is massive rental upside, well over 50%, providing a compelling value-add opportunity to increase cash flow and substantially increase overall asset value. The building is separately metered for gas and electricity, helping to minimize owner expenses,and features a pitched roof, contributing to its long-term durability and reduced maintenance considerations.Ideally situated in close proximity to a variety of shops, restaurants, and local amenities, the subject property benefits from strong rental demand driven by its strategic western edge of Mid-City location, with convenient access to surrounding Picfair Village, Beverlywood and Carthay Square neighborhoods, as well as nearby Culver City employment hubs and lifestyle attractions. 6036 Cadillac Avenue represents an excellent opportunity for investors seeking a well-located asset with substantial upside potential in one of Los Angeles' most dense rental markets.
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