6521 W. 6th St, Los Angeles, CA 90048
Fourplex in Beverly Grove Near The Grove and 3rd Street
6521 W 6th St is a 4-unit multifamily property located on a quiet residential block in Beverly Grove, just east of Crescent Heights Blvd and walking distance to The Grove, West 3rd Street, and the Beverly Center.
This stretch of 6th Street feels residential, but it sits in the middle of one of Los Angeles’ most established lifestyle corridors. Tenants here are not chasing a trend. They are choosing walkability, proximity to employment centers, and access to retail and dining that has been anchored for decades. That stability matters.
Built in 1926, the property sits on a 6,174 SF LAR2 lot and totals approx. 3,855 SF.
French Normandy Architecture With Courtyard Layout and Off-Street Parking
The building is comprised of (1) 2+2, (1) 2+1, (2) 1+1 units and (1) large non-conforming studio.
The French Normandy architecture gives the property curb appeal that newer construction cannot replicate. The central courtyard layout creates separation between units, natural light, and a sense of privacy that tenants value in this submarket.
Interiors have been remodeled, and each unit features its own washer and dryer. One unit includes a private yard, and the property offers multiple off-street parking spaces. In Beverly Grove, parking and in-unit laundry are not minor details. They directly support tenant retention.
The unit mix also works well here. Larger one- and two-bedroom layouts align with how renters use space in this neighborhood, whether that is couples, roommates, or work-from-home households.
Beverly Grove Location Between The Grove, 3rd Street, and Beverly Center
6521 W 6th St benefits from its positioning between The Grove and the Beverly Center, with West 3rd Street retail and dining a short walk away. Fairfax Avenue and Melrose Avenue are nearby, and Wilshire Blvd employment corridors are minutes south.
The Wilshire/Fairfax Purple Line station, part of the ongoing Metro expansion, continues to strengthen long-term connectivity in this pocket.
This is one of the most consistently leased neighborhoods in Los Angeles because it offers centrality without feeling dense. That balance keeps demand steady across market cycles.
Offered at 3.98% CAP With Approx. 12% Rental Upside
The property was offered at $2,275,000, equating to approx. $568,750 per unit and approx. $590 per SF.
Current scheduled gross income is approx. $145,260 annually. Based on the marketing package financials on page 22, this reflects a 3.98% CAP rate and a 15.66 GRM on in-place rents.
Renovated rental comparables in the immediate Beverly Grove area support projected annual gross income of approx. $162,900. At those levels, the property trends toward a 4.67% CAP rate and a 13.97 GRM.
The upside is not driven by speculation. It is tied to rent alignment within an already proven submarket. Interiors have been improved, and the remaining delta reflects positioning within a neighborhood where renovated product consistently commands higher rents.
Character, Location, and Manageable Scale in Beverly Grove
6521 W 6th St combines architectural character, practical unit layouts, off-street parking, and a walkable Beverly Grove location.
For experienced Los Angeles owners, the evaluation is straightforward. Location durability. Unit functionality. Realistic rent positioning. Courtyard charm that continues to resonate with tenants.
In a neighborhood anchored by The Grove, West 3rd Street, and the Beverly Center, assets like 6521 W 6th St are typically underwritten on stability first and upside second. This property offers both in measured proportion.
Marketing Package:
Property Location
Sold Price
$2,275,000
Information
Number of Units
Price per. Unit
Bldg. Size
Price per Foot
Lot Size
Year Built
Current CAP
Market CAP
Zoning
Discuss Your Property with a Los Angeles Multifamily Broker
Whether you are thinking about selling now or simply exploring possibilities, we are happy to review your property, discuss current value, and share perspective on how the market is treating assets like yours today.
