Price just reduced $100,000! We are proud to introduce an exceptional multifamily investment opportunity: a 12 unit value add asset located at 6214 South Victoria Avenue in the vibrant Hyde Park neighborhood. This offering presents significant upside potential, with projected rental upside of approximately 38%, all while being offered at an attractive 6.52% Cap Rate and $169 per sf, a compelling combination for investors seeking both stability and growth. Property highlights include: 12 Units Total (2) spacious 2 Bed / 2 Bath units, (9) well appointed 1 Bed / 1 Bath units, and (1) Studio. 9,405 SF Building featuring front balconies, generous floor plans, and one parking space per unit. Additional Income Stream from onsite, leased laundry facilities. Strong Building Systems with individual gas & electric meters, and completed soft story seismic retrofit. LOCATION ADVANTAGES: With a Walk Score of 74, residents enjoy convenient access to daily essentials, neighborhood amenities, and local retail, many within walking distance. The property is ideally positioned near public transit, including the nearby Metro line, and is surrounded by schools and community resources serving Hyde Park and Leimert Park. This connectivity enhances tenant demand and long term rental performance.
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.