6313 South Victoria Avenue

Los Angeles, CA 90043

$1,399,000
Price
6
Beds
4
Baths
2,951 Sq. Ft.
$474 / Sq. Ft.
2,951
Sq. Ft.
$474
per Sq. Ft.

Description

Great investment opportunity for builders, investors and owner-users. Buy and hold or develop. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). 3 of 4 units may be delivered vacant. Units mix is two 1/1 and two 2/1. An exceptional development opportunity. This R3-1 zoned property, designated as a TOC Tier 3 site, offers substantial incentives for increased density and reduced parking requirements. With a generous...Great investment opportunity for builders, investors and owner-users. Buy and hold or develop. ED1 Eligible. Eligible for new CHIP ordinance that can allow additional 50% density increase and significant parking reductions (See Docs). 3 of 4 units may be delivered vacant. Units mix is two 1/1 and two 2/1. An exceptional development opportunity. This R3-1 zoned property, designated as a TOC Tier 3 site, offers substantial incentives for increased density and reduced parking requirements. With a generous lot size and significant allowable floor area, this parcel is ideal for developers looking to create a high-density, multifamily residential project in a promising area of Los Angeles. Key Features include ample Buildable Space: The property spans 11,384 sq. ft. with a buildable square footage of 34,152 sq. ft., offering substantial room for development. Optimized Density and Parking Efficiency: Benefit from a 70% increase in allowable density and a 50% reduction in parking requirements, enhancing the project's feasibility and profitability. Its proximity to major transportation routes and urban amenities ensures strong demand and long-term growth potential, making it a highly attractive investment opportunity. All information provided deemed reliable but not guaranteed. Buyer and buyers agent to investigate all building and zoning requirements including but not limited to lot size, to their satisfaction. Call listing agent for additional details on current rent roll.
  1. Listed by Shamim Khorsand Mashhadi • DRE #02042990 • Brokerage DRE #01050989 • RE/MAX ESTATE PROPERTIES

Property Details for 6313 South Victoria Avenue

Zoning
LAR3
Parcel Number
4006008012
Total Units
4.0
Living Area
2951
Source Living Area
Vendor Enhanced
Area
Park Hills Heights (PHHT)
Vacancy Rate
0
Lot Size Area
11384
LISTING UPDATED: 09/10/2024 10:33 PM

Property Details for 6313 South Victoria Avenue

StatusActive
MLS #24-415251
Days on Market160
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.26 AC / 11,384 SF
CountyLos Angeles County

Building Information for 6313 South Victoria Avenue

Stories-Residences-Year Built1924Building Size-Lot Size0.26 AC / 11,384 SF

Property Information for 6313 South Victoria Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 3
  • Type Of Units: 1/1 2/1
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $0
  • Net Operating Income: $.00
  • Gross Income: $0
  • Gross Rent Multiplier: $.00
  • Total Annual Expense: 0
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2613
  • Lot Size Square Feet: 11384
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Driveway
  • Total Parking: 6
  • Parking Features: Covered, Driveway
Interior Features
Interior Features
  • Levels: One
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Shed(s)
Lease Terms
Lease Terms
  • Entry Date: 07-15-2024
Unit Details
Unit 1 Information
  • Unit Beds: 0
  • Unit Baths: 0
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $.00
  • Like Units: 0
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $271,320.00
  • Assessed Improvement Percent: 24.95
  • Assessed Land Value: $816,000.00
  • Assessed Land Percent: 75.05
  • Assessed Total Value: $1,087,320.00

Property History for 6313 South Victoria Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6313 South Victoria Avenue

Taxable ValueLand$832,320Additions$276,746Total$1,109,066
Tax Record2024$14,018 ($1,168 / month)
Home Facts
Total Finished SqFt2,951 SqFtAbove Grade Finished SqFt2,951 SqFtLot Size11,381 SqFtStyleQuadraplexYear Built1924ZoningLAR3CountyLOS ANGELESAPN4006-008-012

Schools near 6313 South Victoria Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Yes Academy
Public - K to 5
Alliance Leadership Middle Academy
Charter - 6 to 8
Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public - 9 to 12
Crete Academy
Charter - K to 6
Rating
School
Distance
Yes Academy
PublicK to 5

Alliance Leadership Middle Academy
Charter6 to 8

Crenshaw Science, Technology, Engineering, Math And Medicine Magnet
Public9 to 12

Crete Academy
CharterK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 6313 South Victoria Avenue, Los Angeles, CA 90043

6313 South Victoria Avenue is a multi-family home for sale in Los Angeles, CA 90043. This property was listed for sale on July 14, 2024 by RE/MAX ESTATE PROPERTIES, it's currently listed at $1,399,000. It has been on the market for a total of 160 days and was last sold on January 13, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include Yes Academy, Alliance Leadership Middle Academy and Crenshaw Science, Technology, Engineering, Math And Medicine Magnet. 6313 South Victoria Avenue is a 6-bed, 4-bath, 2,951 sqft multi-family home built in 1924.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX ESTATE PROPERTIES, Shamim Khorsand Mashhadi, DRE #02042990

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.