$1,600,000
SOLD SEP 16, 2024
1 Bed
10 Baths
4,504 Sq Ft
8,259 Sq Ft Lot

Recently Sold

$355 Per Sq Ft

37 Days on Market

About This Home

As of September 2024

We proudly present this exceptional opportunity to own an apartment building located in the highly sought-after pocket of Valley Glen. 6438 Mammoth Ave consists of (9) spacious studio + one bath units and (1) one-bedroom + one-bath apartment for a total of 10 legal units. The property has ample onsite parking, recent upgrades including new windows and sliding doors, full copper plumbing, and completion of the soft story retrofit work in 2019. Moreover, the property just adjacent located on 6444 can also be purchased together to own at total of 16 units side by side with no requirement of an onsite manager. Current loan can be assumed with a 4.41% interest rate fully amortized due in 2027 with Chase Commercial loan financing. Priced at only $160k per unit, its proximity to supermarkets, fitness centers, public transportation, hospitals, schools, and more, makes this offering an ideal investment with tons of upside by adding ADUs or enjoying cash flow from its current state!

Last Agent to Sell the Property

Enrique Viramontes

Remax Commercial and Investment Realty License #01372010 Listed on: 07/01/2024

Remax Commercial and Investment Realty

Co-Listed By

Luis Morales

Remax Commercial and Investment Realty License #01485986

Last Buyer's Agent

Jacob iloulian

Jacob Iloulian License #01473338

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1963

Lot Details

  • 8,259 Sq Ft Lot

Interior Spaces

  • 4,504 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 10 Bathrooms

Parking

  • Covered Parking
  • Uncovered Parking
  • Assigned Parking

Utilities

  • Window Unit Cooling System
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Buildings
  • 10 Units

Listing and Financial Details

  • Assessor Parcel Number 2238-013-037

Property Details

Home Type

Multi-Family

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 4504
  • Lot Acreage: 0.1897
  • Stories: 2
  • Year Built: 1963
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 1
  • Total Bathrooms: 10.00
  • Price Per S Q F T: 355.24

Exterior Features

  • Other Structures: None

Garage/Parking

  • Parking Garage: Covered Parking, Assigned, Uncovered

Utilities

  • Cooling: Window Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Percent: 60.00
  • Assessed Improvement Value: 930292
  • Assessed Land Percent: 40
  • Assessed Land Value: 620194
  • Total Assessed Value: 1550486
  • Assessor Parcel Number: 2238-013-037
  • Lot Size Area: 8259

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 11.85
  • Number Of Units: 10
  • Total Annual Expense: 45616
  • Type Of Units: Apartment
  • Vacancy Rate: 3%

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2025 06/15/25 For Rent $2,088 0.0% --
09/16/2024 09/16/24 Sold $1,600,000 0.0% $355 / Sq Ft
08/07/2024 08/07/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $1,600,000 -42.9% $355 / Sq Ft
12/09/2019 12/09/19 Sold $2,800,000 -1.8% $303 / Sq Ft
09/19/2019 09/19/19 Pending -- -- --
09/13/2019 09/13/19 For Sale $2,850,000 -- $308 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-410375

The MLS