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6945 Hinds Ave
For Sale $1,950,000 ($232.64 per Sq Ft)
$1,950,000 ($232.64 per Sq Ft)
- 10 Units
- 8,382 Sq Ft
- 9,003 Sq Ft
- Unknown Cap Rate
Description
Constructed in 1963, the property sits on a corner lot and contains mostly two-bedroom units. A new investor may be able to add significant value to the asset as current rents sit well below those of similar neighboring properties. With approximately 53% rent upside, the investment provides a long runway for future income growth. Fortunately for a new investor, the property's expensive seismic retrofit repairs have already been completed (Buyer to verify). The building also features upgraded electrical panels, vinyl windows, and an upgraded roof, helping the owner to save on maintenance, utility, and insurance costs. There is on-site parking for 12 vehicles, while the laundry facilities provide a supplemental income stream for the owner. Located near the intersection of Laurel Canyon Boulevard and Vanowen Street, the property allows tenants convenient access to the 5 and 170 Freeways. The recently constructed NOHO West shopping center sits just one mile from the property, offering a convenient shopping and dining destination for residents. In addition to the Trader Joe's, Nordstrom Rack, LA Fitness, and Regal Cinemas featured in that center, the local neighborhood also includes Costco, Home Depot, and Target.
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,950,000 |
| Property Type | Multi-Family |
| Usable Sqft | 8,382 |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1963 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 2321014005 |
| MLS # | 25525687 |
| Property ID | 321712580 |
| Lot Sqft | 9,003 |
| Zoning | LAR3 |
| Total Units | 10 |
| Days on Market | 321 |
| Original List Price | $2,000,000 |
| Date Updated | December 29, 2025 |
| Date Created | April 15, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 1 | 1.00 | $1,795 | $1,795 |
| Unit #2 | 3 | 2.00 | $2,059 | $2,795 |
| Unit #3 | 2 | 1.00 | $1,388 | $18,360 |
| Gross Income (Yr) | $ 177,530 |
| Operating Expenses | $ 67,954 |
| Net Income (Yr) | $ 109,576 |
| Cap Rate | 5.62% |
Listing Provided By
Roderick 'Rick' Raymundo an agent of . Lic #01357019
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Robert Crawford
REAL ESTATE AGENT