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Los Angeles, CA 90001 6007 Holmes Avenue

$699,000

Pending
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Presented By: Evelyn Baez Gonzalez with Lyon Stahl Investment Real Estate, Inc.; 951-902-3006
  • MLS# SB24017998
  • 01/30/2024
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  • BedBeds • 10
  • BathBaths • 5
  • FootageSQFT • 2

Home Details

HUGE PRICE DROP for quick sale. 6007 Holmes Ave is a mix-use property on a high traffic street. The property offers a combination of 3 residential units in the back and 2 commercial storefront spaces in the front. One of the commercial spaces in front is vacant and presents an excellent owner-user opportunity. ***Residential units are a mix of one 4Bedroom/1Bath and two 2Bedroom/1Bath units that generate $3,145/mo. in addition to Salon (rented at $1,200/mo.) and the vacant space that can be rented at $2000/mo. The HIGHEST CASH FLOW income property on the market at current 9.1 GRM and 7.4% Cap Rate. ***Boasting 3,392 SF of building on a generous 6,826 SF of land, this strategically located space presents a multitude of possibilities. The LAC2 zoning adds versatility, allowing for various commercial uses and contributing to the property's appeal. There is ample parking in the rear, accommodating up to 6 cars for both residents and commercial tenants. Whether you're an experienced investor or entering the real estate market, this property offers a compelling blend of contemporary living spaces and thriving commercial potential. Please do not disturb the tenants. This property is located in LA City, providing flexibility in land use and development.
Presented By: Evelyn Baez Gonzalez with Lyon Stahl Investment Real Estate, Inc.; 951-902-3006

Interior Features for 6007 Holmes Avenue

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem1CommonWall
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate
Heating Y/NYes
Laundry FeaturesNone
Street SuffixAvenue
Total Stories1

Other Rooms

Entry Level1

General for 6007 Holmes Avenue

AccessibilityNone
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.43
Carport Y/NNo
CityLos Angeles
Community FeaturesSidewalks
CoolingNone
CountyLos Angeles
Days on Market41
DirectionsSouth Randolph St and West Alameda
ElectricStandard
Entry Location1
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOA0.0
HOA / Comm AssnNo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense2205.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCash, Item1031Exchange
Lot Size Square Feet6828.0
MLS AreaC34 - Los Angeles Southwest
MaintenanceExpense3250.0
MobileHomeRemainsYNNo
Net Operating Income51941.0
New ConstructionNo
Number of Units Leased4
Operating Expense20392.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
RoofNone
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories1
Street NameHolmes
Tax Lot11
Taxes$8,738
Tenant PaysElectricity, Gas
Total Units5
Trash Expense1000.0
UtilitiesNone
ViewNone
View Y/NNo
Water Sewer Expense4000.0
Waterfront Y/NNo
Year Built1926
Year Built SourceAssessor
ZoningLCC2*

Exterior for 6007 Holmes Avenue

Building Area Total2.0
Crops Included Y/NNo
FencingNone
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem01UnitAcre
Lot Size Acres0.1567
Lot Size Area6828.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $699,000
MLS#SB24017998
List Date 01/30/2024
Property Type Pending
Phone 714.964.3311
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CRMLS Compliance Statements & Disclaimers

*According to the National Association of Realtors