6107 Alcott St, Los Angeles, CA 90035
6 Unit Apartment Building | $1,900,000 ($316,667/Unit) | Los Angeles, CA 90035
For Sale
Active
Asking Price $1,900,000
- Property Type
-
Multifamily
- Square Feet
- 5,212 SF
Listing Contacts
Peter Strauss
Adam Zunder
Property Overview
Iconic Investments is pleased to present Alcott Apartments – 1st time on the market in 70 years! Located in the Pico Robertson/Carthay submarket in Los Angeles, 6107 Alcott Street was constructed in 1928 as a 6-unit apartment building, however in 1930 the original owners elected to combine the two units over the garages making one larger unit. The property currently operates as its original configuration of six units but is legally five.
Alcott Apartments is located on a quiet, low density, residential street with primarily apartment buildings built in the 1920’s. The front building is comprised of four large one bedroom/one bath units that are +/- 1000 square feet each and feature a formal living room, dining room, kitchen, and laundry room with in-unit washer and dryer. Potential value-add for a new ownership could be to convert these units into two bedrooms.
The rear building features two studio units that are +/- 400 square feet and have full kitchens. The entire rear structure is a legal unit, however, one unit was subdivided into two. New ownership can add value by potentially converting it back to the original six units. The rear two units are master metered for both gas and electric.
The area immediately surrounding Alcott Apartments is booming with ground up development. Recently completed is City View’s The Park LA which features 123 apartment units with ground-floor retail at 5935 W. Pico Blvd, Wiseman Residential’s project at 6055 W. Pico Blvd with 125 apartment units, Olive Point’s 122-unit project at 5903 W. Pico Blvd, and Ikon’s 48-unit apartment building at 6001 W. Pico Blvd.
This is the 1st time the Alcott Apartments has been on the market in over 70 years! The Sellers are highly motivated, so we encourage all offers.
Alcott Apartments is located on a quiet, low density, residential street with primarily apartment buildings built in the 1920’s. The front building is comprised of four large one bedroom/one bath units that are +/- 1000 square feet each and feature a formal living room, dining room, kitchen, and laundry room with in-unit washer and dryer. Potential value-add for a new ownership could be to convert these units into two bedrooms.
The rear building features two studio units that are +/- 400 square feet and have full kitchens. The entire rear structure is a legal unit, however, one unit was subdivided into two. New ownership can add value by potentially converting it back to the original six units. The rear two units are master metered for both gas and electric.
The area immediately surrounding Alcott Apartments is booming with ground up development. Recently completed is City View’s The Park LA which features 123 apartment units with ground-floor retail at 5935 W. Pico Blvd, Wiseman Residential’s project at 6055 W. Pico Blvd with 125 apartment units, Olive Point’s 122-unit project at 5903 W. Pico Blvd, and Ikon’s 48-unit apartment building at 6001 W. Pico Blvd.
This is the 1st time the Alcott Apartments has been on the market in over 70 years! The Sellers are highly motivated, so we encourage all offers.
Property Details
- Class
- C
- Year Built
- 1928
- Stories
- 2
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 6
Highlights
- First Time on the Market in 70 Years! Extremely Charming Building
- Front Four 1 Bedroom Units are Extremely Large at 1,100 SQ each
- Prime Pico Robertson Location
- Property is 6 Units - 5 + 1 Non Conforming
- Motivated Sellers So Please Submit All Offers
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