$555,000
SOLD MAR 26, 2025
4 Beds
2 Baths
2,400 Sq Ft
6,781 Sq Ft Lot

Recently Sold

$231 Per Sq Ft

15% Below List Price

115 Days on Market

Highlights

  • Spanish Architecture
  • Neighborhood Views
  • Laundry Room
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Angeles Mesa Park

About This Home

As of March 2025

Discover 4720-4722 6th Ave, a charming duplex with significant investment potential, located on a beautiful palm tree-lined street in the highly sought-after Hyde Park neighborhood of Los Angeles. This tenant-occupied property features a total of 4 bedrooms and 2 baths, with 2 bedrooms in each unit, offering 2,417 square feet of living space on a generous 6,481 square foot lot. Zoned LAR2, the property provides ample opportunities for future development, including the potential to add an Accessory Dwelling Unit (ADU) for additional rental income.

The duplex benefits from long-term tenants who consistently pay rent on time, ensuring steady cash flow for investors from day one and lots of upside potential. The long driveway leads to a detached garage, providing plenty of parking and storage space. The property's strategic location near the rapidly developing Crenshaw Corridor, the new Crenshaw/LAX Metro Line, and popular destinations like SoFi Stadium, Culver City, and Downtown LA makes it an ideal choice for investors seeking a buy-and-hold opportunity with significant upside.

Hyde Park's ongoing revitalization, combined with infrastructure improvements in South Los Angeles, creates strong rental demand and a promising outlook for future appreciation. This neighborhood offers a unique mix of classic LA charm and modern amenities, attracting a diverse tenant base. Don’t miss out on this prime investment opportunity to expand your portfolio with a property poised for growth and long-term value. Buyers to due their own due diligence, seller does not promise or make any claims on subjects data.

Last Agent to Sell the Property

henry vega

Enrique Henry Vega Jr. Broker Brokerage Phone: 323-833-6466 License #01765081 Listed on: 10/18/2024

Last Buyer's Agent

henry vega

Enrique Henry Vega Jr. Broker Brokerage Phone: 323-833-6466 License #01765081 Listed on: 10/18/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,569

Year Built

  • Built in 1923

Lot Details

  • 6,781 Sq Ft Lot
  • No Common Walls
  • West Facing Home
  • Block Wall Fence
  • Level Lot
  • Back and Front Yard
  • Density is up to 1 Unit/Acre

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Spanish Architecture
  • Turnkey
  • Raised Foundation
  • Spanish Tile Roof
  • Stucco

Interior Spaces

  • 2,400 Sq Ft Home
  • 1-Story Property
  • Neighborhood Views
  • Laundry Room

Kitchen

  • Gas Oven
  • Gas Range

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Natural Gas Connected

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 4947
  • Assessor Parcel Number 5014019012
  • $395 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • 2 Leased Units
  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Gardener Expense $500
  • Insurance Expense $1,400
  • Trash Expense $1,200
  • Operating Expense $3,100
  • Gross Income $28,800
  • Net Operating Income $25,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,569

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 325000
  • Property Attached: No
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • View: Yes
  • Zoning: LAR2
  • Architectural Style: Spanish
  • Property Condition: Turnkey
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Gardener Expense: 500.00
  • Parcel Number: 5014019012
  • Year Built: 1923
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • Common Walls: No Common Walls
  • Flooring: Laminate, Tile
  • Appliances: Yes
  • Levels: One
  • Price Per Square Foot: 231.25
  • Room Type: All Bedrooms Down, Kitchen, Laundry

Exterior Features

  • Direction Faces: West
  • Foundation: Raised
  • View: Neighborhood
  • Fence: Yes
  • Fencing: Block
  • Pool Private: No
  • Roof: Spanish Tile
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Heating: Yes
  • Laundry: Yes
  • Appliances: Gas Oven, Gas Range
  • Heating Type: Wall Furnace
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Trash Expense: 1200.00
  • Water Source: Public
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre, Back Yard, Front Yard, Level with Street
  • Lot Size Sq Ft: 6781.00
  • Lot Size Acres: 0.1557

Multi Family

  • Average Studio Area: 1200 Square Feet
  • Gross Income: 28800.00
  • Gross Scheduled Income: 28800.00
  • Insurance Expense: 1400.00
  • Lot Size Area: 6781.0000 Square Feet
  • Net Operating Income: 25700.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Operating Expense: 3100.00
  • Rent Control: Yes
  • Total Actual Rent: 1800.00
  • Total Expenses: 3100.00

Tax Info

  • Tax Census Tract: 2345.02
  • Tax Lot: 12
  • Tax Tract Number: 4947
  • TaxOtherAnnualAssessmentAmount: 395.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2024
Closed on
Mar 21, 2025
Sold by
Nrhq Llc
Bought by
Nelson W Quan And Helen L Quan Ab Living Trus and Quan
Seller's Agent
henry vega
Enrique Henry Vega Jr. Broker
Buyer's Agent
henry vega
Enrique Henry Vega Jr. Broker
List Price
$650,000
Sold Price
$555,000
Premium/Discount to List
-$95,000
-14.62%
Views
317
Current Estimated Value
$609,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$54,159
Avg. Annual Appreciation
29.52%

Purchase Details

Closed on
Jul 18, 2024
Sold by
Quality Loan Service Corporation
Bought by
Lhome Mortgage Trust and Us Bank National Association

Purchase Details

Closed on
Apr 12, 2022
Sold by
Daniel Tarmy
Bought by
Tomines Investment Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$741,900
Interest Rate
5.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 16, 2010
Sold by
The Bank Of New York Mellon
Bought by
Tarmy Daniel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,250
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2009
Sold by
Ugorji Dorothy
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 27, 2004
Sold by
Ugorji Dorothy
Bought by
Ugorji Dorothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.06%
Mortgage Type
New Conventional
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Grant Deed $560,000 Servicelink
Grant Deed -- Servicelink
Trustee Deed $499,500 --
Grant Deed $750,000 New Title Company Name
Grant Deed $207,000 First American Title Company
Trustee Deed $210,000 Accommodation
Interfamily Deed Transfer -- Orange Coast Title Of Los An
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $741,900 New Conventional
Previous Owner $155,250 New Conventional
Previous Owner $300,000 Fannie Mae Freddie Mac
Previous Owner $185,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/26/2025 03/26/25 Sold $555,000 -14.6% $231 / Sq Ft
02/10/2025 02/10/25 Pending -- -- --
10/18/2024 10/18/24 For Sale $650,000 -13.3% $271 / Sq Ft
07/08/2022 07/08/22 Sold $750,000 -2.6% $335 / Sq Ft
07/05/2022 07/05/22 Price Changed $770,000 0.0% $344 / Sq Ft
06/09/2022 06/09/22 For Sale $770,000 0.0% $344 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
02/21/2022 02/21/22 For Sale $770,000 -- $344 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,569 $760,000 $530,000 $230,000
2024 $9,569 $765,000 $586,500 $178,500
2023 $9,390 $750,000 $575,000 $175,000
2022 $3,327 $251,773 $158,120 $93,653
2021 $3,274 $246,837 $155,020 $91,817
2020 $3,302 $244,307 $153,431 $90,876
2019 $3,183 $239,518 $150,423 $89,095
2018 $3,088 $234,823 $147,474 $87,349
2016 $2,936 $225,707 $141,749 $83,958
2015 $2,896 $222,317 $139,620 $82,697
2014 $2,921 $217,964 $136,886 $81,078
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: BB24216740

California Regional Multiple Listing Service (CRMLS)

APN: 5014-019-012