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6402 S Victoria Ave, Los Angeles, CA 90043
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6402 S Victoria Ave Los Angeles, CA 90043

$2,310,000 Sold Price as of 06/23/2022
  • 15 Beds
  • 11 Baths
  • 8,093 Sq.Ft.
Sold
$2,310,000 Sold Price as of 06/23/2022 Refinance Your Mortgage
Map preview of 6402 S Victoria Ave, Los Angeles, CA 90043

Property Overview: 6402 S Victoria Ave Los Angeles, CA has 15 bedrooms, 11 bathrooms, 8,093 living square feet and 9,468 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: The Victorian Arms Apartments is a 10 unit multi-family building located along the new LAX/Crenshaw metro rail line. The building features large units, averaging +/- 800 SF in size, natural light throughout, off-street parking, and on-site laundry for all tenants. The property has been well maintained, with recent updates including: 1) New central water heater, 2) New laundry machines, 3) Earthquake retrofit completed with permits, and 4) Four unit renovations with updates including new flooring, remodeled kitchen, new stainless-steel appliances, large farmhouse style kitchen sink, and air conditioning. The Victorian Arms Apartments unit mix consists of five (5) one-bedroom + one-bathroom units, three (3) two- bedroom + one-bathroom units, one (1) two-bedroom + one-half- bathroom unit, and one (1) two- bedroom + two-bathroom unit. Currently operating at a conservative 4.54% CAP rate with over 38% rental upside remaining, the building is fit for any and all investors. Whether you are looking to build your portfolio, execute a semi value- add process, or buy and hold, the Victorian Arms Apartments is positioned as an opportunity for equity growth for decades to come. Contact the listing broker for additional information.

Listed by Casey Lins | BRE #01902650 | Kidder Mathews of California, Inc.
Co-listed by Barak Cassilly | BRE #02047004 | Kidder Mathews of California, Inc.
Last checked: 5 minutes ago | Last updated: February 28th, 2024 | Source CRMLS | DOM: 10

Home details

Lot Sq. Ft
9,468
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22136453
City
Los Angeles
County
Los Angeles
Time on Site
785 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,975
  • Total Rent: $1,975
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,605
  • Total Rent: $1,605
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,592
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,406
  • Total Rent: $1,406
  • Pro Forma/Market Rent: $2,350
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,595
  • Total Rent: $1,595
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $625
  • Total Rent: $625
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 8
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,668
  • Total Rent: $1,668
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 9
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,121
  • Total Rent: $1,121
  • Pro Forma/Market Rent: $2,450
Unit Breakdown 10
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,560
  • Total Rent: $1,560
  • Pro Forma/Market Rent: $2,250
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.41
  • Gross Scheduled Income: --
  • Net Operating Income: $109,311
  • Gross Operating Income: $178,663
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 6402 S Victoria Ave

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included
Kitchen Information
  • Has Appliances
  • Disposal, Refrigerator
Interior Features
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Carport
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 10
  • Parcel Number: 4006009017
Location / Neighborhood
Location Information
  • Directions: Google maps: 6402 S Victoria Ave. Los Angeles, CA 90043
View more facts & features

Local Los Angeles Agent

Sale History for 6402 S Victoria Ave

Last leased for $2,011 on February 28th, 2024

  • February, 2024

  • Feb 28, 2024

    Date

    Leased

    CRMLS: 24351931

    $2,011

    Price

  • Jan 26, 2024

    Date

    Active

    CRMLS: 24351931

    $2,011

    Price

  • Listing provided courtesy of CRMLS

  • June, 2022

  • Jun 23, 2022

    Date

    Sold

    CRMLS: 22136453

    $2,310,000

    Price

  • Mar 15, 2022

    Date

    Active

    CRMLS: 22136453

    $2,395,000

    Price

  • July, 2021

  • Jul 9, 2021

    Date

    Leased

    CRMLS: 21722024

    $1,525

    Price

  • May 15, 2021

    Date

    Active

    CRMLS: 21722024

    $1,525

    Price

  • Listing provided courtesy of CRMLS

    *Lease amount is $1,595 with 2 weeks rent free. Effective rate is approximately $1,525 per month over a 12 month lease. Beautiful newly remodeled modern top-floor 1 Bedroom + 1 Bath located in lovely hyde park neighborhood. Spacious airy unit with plenty of natural light. Unit features new flooring throughout entire apartment, newly remodeled kitchen, all brand-new stainless-steel appliances including large stainless-steel fridge and stainless-steel stove/oven. Large farmhouse style kitchen faucet, Air-Conditioning, large open dining area and living room area. All new remodeled bathroom, modern vanity, spacious closets, lots of closet /cabinet space throughout unit, and much more. Parking included. Prime location, close to many restaurants, entertainment, 10 FWY access, Arts District, Mid-City, and more. Quiet building.

  • January, 2021

  • Jan 14, 2021

    Date

    Sold

    CRMLS: 20619500

    $1,780,000

    Price

  • Dec 3, 2020

    Date

    Pending

    CRMLS: 20619500

    $1,959,000

    Price

  • Nov 18, 2020

    Date

    Price Change

    CRMLS: 20619500

    $1,959,000

    Price

  • Oct 26, 2020

    Date

    Active

    CRMLS: 20619500

    $1,985,000

    Price

  • Sep 26, 2020

    Date

    Pending

    CRMLS: 20619500

    $1,985,000

    Price

  • Aug 17, 2020

    Date

    Active

    CRMLS: 20619500

    $1,985,000

    Price

  • Listing provided courtesy of CRMLS

    Prime 10 Unit income producing apartment building located in Hyde Park, blocks from Inglewood, less than 2 miles from the soon to be completed NFL stadium, and in close proximity to Crenshaw Blvd. & LA's newest Metro Line. Rents provide strong stable income w/huge upside potential & an ideal unit mix of 1 & 2 bedroom units allows for low vacancy. Recent upgrades to property include new commercial water heater installation, landscaping, 4 renovated units w/laminate floors, & assorted interior upgrades as needed. Building amenities include electric gate opener w/secured entry & gated on-site parking w/9 spaces, on-site laundry for additional income, and separate meters for gas & electric. City of LA Mandatory Earthquake Retrofitting was COMPLETED w/City Permits & Final received. Excellent opportunity to add Los Angeles income producing property to one's portfolio. Do Not Walk Property. Showings with accepted offer only.

  • December, 2020

  • Dec 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,780,000

    Price

  • September, 2020

  • Sep 14, 2020

    Date

    Expired

    CRMLS: 20564102

    $2,249,000

    Price

  • Aug 17, 2020

    Date

    Withdrawn

    CRMLS: 20564102

    $2,249,000

    Price

  • Apr 5, 2020

    Date

    Hold

    CRMLS: 20564102

    $2,249,000

    Price

  • Mar 14, 2020

    Date

    Active

    CRMLS: 20564102

    $2,249,000

    Price

  • Listing provided courtesy of CRMLS

    Prime 10 Unit income producing apartment building located in Hyde Park, blocks from Inglewood, less than 2 miles from the soon to be completed NFL stadium, and in close proximity to Crenshaw Blvd. & LA's newest Metro Line. Rents provide strong stable income w/huge upside potential & an ideal unit mix of 1 & 2 bedroom units allows for low vacancy. Recent upgrades to property include new commercial water heater installation, landscaping, 4 renovated units w/laminate floors, & assorted interior upgrades as needed. Building amenities include electric gate opener w/secured entry & gated on-site parking w/9 spaces, on-site laundry for additional income, and separate meters for gas & electric. City of LA Mandatory Earthquake Retrofitting was COMPLETED w/City Permits & Final received. Annual Rent Increases to go into effect soon. Prime opportunity for new Owner to take advantage of rent increases & EQ Retrofit Tenant pass through costs. Do Not Walk Property. Showings with accepted offer only.

  • November, 2019

  • Nov 25, 2019

    Date

    Expired

    CRMLS: 19470116

    $2,249,000

    Price

  • Oct 7, 2019

    Date

    Withdrawn

    CRMLS: 19470116

    $2,249,000

    Price

  • Sep 18, 2019

    Date

    Active

    CRMLS: 19470116

    $2,249,000

    Price

  • Sep 7, 2019

    Date

    Hold

    CRMLS: 19470116

    $2,249,000

    Price

  • Sep 7, 2019

    Date

    Active

    CRMLS: 19470116

    $2,249,000

    Price

  • Aug 28, 2019

    Date

    Hold

    CRMLS: 19470116

    $2,249,000

    Price

  • May 27, 2019

    Date

    Active

    CRMLS: 19470116

    $2,249,000

    Price

  • Listing provided courtesy of CRMLS

    Prime 10 Unit income producing apartment building located in Hyde Park, blocks from Inglewood, less than 2 miles from the soon to be completed NFL stadium, and in close proximity to Crenshaw Blvd. & LA's newest Metro Line. Rents provide strong stable income w/huge upside potential & an ideal unit mix of 1 & 2 bedroom units allows for low vacancy. Recent upgrades to property include new commercial water heater installation, landscaping, 4 renovated units w/laminate floors, & assorted interior upgrades as needed. Building amenities include electric gate opener w/secured entry & gated on-site parking w/9 spaces, on-site laundry for additional income, and separate meters for gas & electric. City of LA Mandatory Earthquake Retrofitting was COMPLETED w/City Permits & Final received. Annual Rent Increases to go into effect soon. Prime opportunity for new Owner to take advantage of rent increases & EQ Retrofit Tenant pass through costs. Do Not Walk Property. Showings with accepted offer only.

  • December, 2015

  • Dec 23, 2015

    Date

    Sold (Public Records)

    Public Records

    $1,299,000

    Price

Show More

Tax History for 6402 S Victoria Ave

Assessed Value (2020): $1,406,077
Year Land Value Improved Value Assessed Value
2020 $973,105 $432,972 $1,406,077

Home Value Compared to the Market

This property vs the competition

6402 S Victoria Ave sold on June 23, 2022 for 101.26% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $295.93 per/sqft which puts the price per square foot 60.8% lower than the current median sale per square foot for the city of Los Angeles.

About 6402 S Victoria Ave

Detailed summary of property

6402 S Victoria Ave is a multi family that recently sold in Los Angeles, CA 90043. This multi family property offered 15 bedrooms, 11 bathrooms, roughly 8,093 living square feet, and sits on an approximately 9,468 square foot lot. 6402 S Victoria Ave was first listed on ArdentRealEstateGroup.com on March 15, 2022. The homeowner sold the property for $2,310,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 101.26% higher than the current median priced home. Local homes that are currently for sale include 603 W 47th St, 4809 W Adams Blvd and 2533 Lucerne Ave. While the average home in Los Angeles, CA is selling in 94 days, 6402 S Victoria Ave has a days on market of 10 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 6402 S Victoria Ave Los Angeles, CA 90043 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6402 S Victoria Ave

Public county record property details
Beds
15
Baths
12
Year built
1962
Sq. Ft.
8,093
Lot Size
9,467
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
236
APN
4006-009-017

The source for these homes facts are from public records.

90043 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$965,000
Median List Price/Sq.Ft.
$590
Median Sold Price
$727,000
Median Sold Price/Sq.Ft.
$516
Total Inventory
78
Median Sale to List Price %
96.93%
Avg Days on Market
46
Loan Type
Conventional (25%), FHA (6.25%), VA (0%), Cash (31.25%), Other (6.25%)

Thinking of Selling?

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Recently Sold Homes Near 6402 S Victoria Ave

6313 S Victoria Ave, Los Angeles, CA 90043
$1,066,000 Last Sold Price
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6313 S Victoria Ave
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3425 Hyde Park Blvd, Los Angeles, CA 90043
$896,350 Last Sold Price
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3425 Hyde Park Blvd
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$1,550,000 Last Sold Price
5 Beds
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6209 S Victoria Ave, Los Angeles, CA 90043
$1,146,350 Last Sold Price
6 Beds
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6209 S Victoria Ave
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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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