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About This Home
This 3-bedroom, 3-bathroom residential multi family at 6525 Holmes Ave in Los Angeles, CA is listed for $949,000 ($284 per sqft). Built in 1915, the home offers 3,347 sqft of living space on a 0.17 acres lot.
Great mixed use income property on a large 7545 sq.ft. corner lot. Ground floor unit on Holmes ave. is a mini market tenant that has beer & wine license. The market is currently paying $2916.50 per month and has appr. 3 years remaining on their 5 year lease with a 5 year option with rent increase each year.
There are also two residential tenants on the 2nd floor : There is a 2 bedroom/1 bath unit paying $1591 per month & $50 per month to park an extra car. The 1 Bedroom/1 bath unit is paying $1580 per month. Owner pays for Water. There are two storage garages on the lot.
One is being used by the 2 bedroom unit tenant. One is vacant and not used. There is also a advertising sign on the side of the building that the owner receives a few hundred dollars per year. Great for long term hold and/or possibility of adding additional units on the property. Also great for a 1031 Exchange. Buyer and/or Buyers agent to check for themselves as to what can be built there. Property is currently under the County of Los Angeles.
Key Features
- Built in 1915
- 0.17 acre lot
- 2 stories
- 10 parking spaces
Property Details
Monthly Cost Estimate
$5,075/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
6525 Holmes Ave
Los Angeles, CA 90001
Property Details
Parking
Cooling
Questions & Answers
This 3-bedroom, 3-bathroom residential multi family at 6525 Holmes Ave is listed at $949,000 ($284/sqft). The estimated monthly payment is $4,112 based on 20% down at 6.5% interest.
Key features include: Built in 1915, 0.17 acre lot, 2 stories, 10 parking spaces.
This property is listed by Benjamin Shamouelian and can be reached at 3105009164 or Benny.Shamouelian@gmail.com.
