2 months on rocket

4720 6th Ave, Los Angeles, CA, 90043

$650,000

Home List Price

$7,719*

Closing Credit

0 Baths
Multi

Location

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4720 6th Ave, Los Angeles$650,000

Buyer Closing Credits

$7,719*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
Garage2 spaces
Year Built1923
HeatingWall Furnace
CoolingWall/Window Unit(s)
FireplaceNone
ViewNeighborhood
MLS #BB24216740
Lot Size0.16 Acres
StatusActive

About 4720 6th Ave

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.

Property Details

Property Features

Property Information:

  • Architectural Style: Spanish
  • Year Built: 1923
  • Stories: 1

Listing Office:

  • Office Name: Enrique Henry Vega Jr. Broker
  • Office Phone: (323) 833-6466
  • Listing Agent: Henry Vega

Interior Features

Interior Information:

  • Appliances: Gas Oven, Gas Range
  • Flooring Type: Laminate, Tile
  • Interior: All Bedrooms Down
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Neighborhood

Parking Information:

  • Garage Space: 2 spaces

Lot Features

Lot Information:

  • Lot: Back Yard, Front Yard
  • Lot Size: 0.16 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Take all routes to 110 S. Exit Vernon and head West, Left on Arlington and right on 48th ST, then make a quick right on 6th Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $650,000

Tax Information:

  • Annual Amount: $3,274
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$1.0M

Med. Price/SqFt

$640

Avg. Days On Market

38

# of Sold Homes

1346

4720 6th Ave vs Los Angeles

63 DAYS ON ROCKET

+25 Days

$650,000

-$371.5K Less

KEY TAKEAWAY

This property is $371.5K less than the Median Sold Price in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #BB24216740

Listing Office:

  • Office Name: Enrique Henry Vega Jr. Broker
  • Office Phone: (323) 833-6466
  • Listing Agent: Henry Vega

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 9:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 17, 2010Home Sold
$207,000
Nov 03, 1989Home Sold
$140,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,274$246,837
2020$3,182$244,307
2019$3,087$239,518
2018$3,026$234,823
2017$3,026$230,220

History based on county public records data.

Payment Calculator

$3,312

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,015

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-799759
3
/10

  • Angeles Mesa Elementary

  • 2611 W 52nd St

  • 0.33 miles

  • Public District Grades KG-5

school-card-donut-799760
2
/10

  • 42nd Street Elementary School

  • 4231 4th Ave

  • 0.42 miles

  • Public District Grades KG-5

school-card-donut-799761
3
/10

  • Icef View Park Preparatory Elementary School

  • 5311 Crenshaw Blvd

  • 0.61 miles

  • Public Charter Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $45,833. Most Los Angeles, CA residents have annual incomes between $35k-100k. The most common type of family is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Los Angeles›90043›4720 6th Ave

This home is located at 4720 6th Ave in Los Angeles, CA and zip code 90043 in the South LA neighborhood. This home, which was built in 1923, sits on a 0.16 acre lot. It has been listed on Rocket Homes since October 19, 2024 and is currently priced at $650,000.

While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The inventory of homes for sale in Los Angeles, CA between October 2024 and November 2024 decreased by 0.6%. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.

From Rocket Homes Real Estate and based on county public records data.

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