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6007 Holmes Ave, Los Angeles, CA 90001
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6007 Holmes Ave Los Angeles, CA 90001

$699,000
  • 10 Beds
  • 5 Baths
  • 2 Sq.Ft.
Pending
$699,000 Get Pre-Qualified
Map preview of 6007 Holmes Ave, Los Angeles, CA 90001

Property Overview: 6007 Holmes Ave Los Angeles, CA has 10 bedrooms, 5 bathrooms, 2 living square feet and 6,828 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Evelyn Baez Gonzalez | BRE #02103055 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by Olga Wright | BRE #01315042 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 16 minutes ago | Last updated: April 24th, 2024 | Source CRMLS | DOM: 41
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Home details

Lot Sq. Ft
6,828
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Mixed Use
Status
Pending
MLS#
SB24017998
City
Los Angeles
County
Los Angeles
Time on Site
88 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 4
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $915
  • Total Rent: $915
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,120
  • Total Rent: $1,120
  • Pro Forma/Market Rent: $2,200
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,110
  • Total Rent: $1,110
  • Pro Forma/Market Rent: $3,800
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,200
  • Total Rent: $1,200
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.43%
  • Gross Rent Multiplier: 9.18
  • Gross Scheduled Income: $76,140
  • Net Operating Income: $51,941
  • Gross Operating Income: $72,333
  • Vacancy Allowance: $3,807
  • # of Rented Garages: 0
  • Garage Rental Rate: $0
  • Garage Rental Income: $0
Annual Expense Breakdown
  • Total Operating Expense: $20,392
  • New Taxes: $8,738
  • Trash: $1,000
  • Insurance: $2,205
  • Maintenance: $3,250
  • Professional Management: $0
  • Water/Sewer: $4,000

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Property Details for 6007 Holmes Ave

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • No Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • No Appliances
  • None
Interior Features
  • Levels: One
Exterior Features
Exterior Information
  • Roof: None
  • No Fence
  • None
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 6009008012
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: None
Location / Neighborhood
Location Information
  • Directions: South Randolph St and West Alameda
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 6007 Holmes Ave

View property's historical transactions

  • April, 2024

  • Apr 11, 2024

    Date

    Pending

    CRMLS: SB24017998

    $699,000

    Price

  • Jan 30, 2024

    Date

    Active

    CRMLS: SB24017998

    $850,000

    Price

  • November, 2023

  • Nov 13, 2023

    Date

    Canceled

    CRMLS: DW23183635

    $899,000

    Price

  • Oct 2, 2023

    Date

    Active

    CRMLS: DW23183635

    $925,000

    Price

  • Listing provided courtesy of CRMLS

    WELCOME TO THIS RESIDENTIAL AND COMMERCIAL MIX USE PROPERTY EXELENT FOR AN INVESTOR THIS PROPERTY IS LOCATED MINUTES FROM DOWNTOWN LA THE PROPERTY CONSIST OF THE FOLLOWING TWO COMMERCIAL FRONTS, AND THREE RESIDENTIAL UNITS WHISH CONSIST OF THE FOLLOWING FIRST UNIT IS A 4 BEDROOM 1 BATHROOM , THE SECOND UNIT IS 2 BEDROOM 1 BATHROOM AND THE THIRD UNIT IS ALSO A 2 BEDROOM 1 BATHROOM, AND ALSO THERE IS PLENTY OF PARKING FOR UP TP 9.

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Tax History for 6007 Holmes Ave

Assessed Value (2020): $306,252
Year Land Value Improved Value Assessed Value
2020 $90,990 $215,262 $306,252

Home Value Compared to the Market

This property vs the competition

6007 Holmes Ave is listed 43.45% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $349500 per/sqft which puts the price per square foot 45113.45% higher than the median price per square foot for the city of Los Angeles.

About 6007 Holmes Ave

Detailed summary of property

6007 Holmes Ave is a mixed use located in Los Angeles, CA 90001 and is currently in escrow to be sold. This mixed use property offers 10 bedrooms, 5 bathrooms, roughly 2 living square feet, and sits on an approximately 6,828 square foot lot. 6007 Holmes Ave was first listed on ArdentRealEstateGroup.com on January 30, 2024. The homeowner is currently asking $699,000 and was originally asking $850,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 43.45% lower than the median priced home. Local competing homes currently for sale include 1140 W 89th St, 300 S Pecan St and 820 Columbia Ave. While the average home in Los Angeles, CA is selling in 96 days, 6007 Holmes Ave has a days on market of 41 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 6007 Holmes Ave Los Angeles, CA 90001 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6007 Holmes Ave

Public county record property details
Beds
7
Baths
3
Year built
1926
Sq. Ft.
3,392
Lot Size
6,825
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
11
APN
6009-008-012

The source for these homes facts are from public records.

90001 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$599,999
Median List Price/Sq.Ft.
$487
Median Sold Price
$630,000
Median Sold Price/Sq.Ft.
$495
Total Inventory
31
Median Sale to List Price %
120%
Avg Days on Market
22
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (66.67%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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