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3946 E 6th Street, Los Angeles, California 90023, Los Angeles, 90023 - bed, bath

3946 E 6th Street, Los Angeles, California 90023 home-pic-0
ACTIVE$749,000
3946 E 6th Street, Los Angeles, California 90023
0Bed
0Bath
3,906Sqft
7,760Lot
Year Built
1916
Close
-
List price
$749K
Original List price
$749K
Price/Sqft
$192
HOA
-
Days on market
-
Sold On
-
MLS number
OC25149201
Home ConditionPoor
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $749.0K(77th), sqft - 3906(85th), beds - undefined(50th), baths - undefined(50th).

Investor REO Opportunity in Prime Location. 3 Bed, 1 Bath 967 Sqft home in front. 8 bedroom, 4 bathroom, 2930 Sqft unit in the rear. Per EPIC LA records, the 8 Bedroom rear unit (3948 E 6th) appears to have passed plan review in March 2023 but other approvals and permits may be incomplete. Buyers and Brokers strongly advised to verify status of all permits with the local building departments to satisfy themselves. While further due diligence is required, the high bed count rear unit may be suitable for Single Room Occupancy (SRO) housing, group home, or other creative rental use. This could represent a strong opportunity for an investor seeking cash flow through city programs or shared housing strategies. At present moment the property is being sold without interior access, with the occupants in place, and will require all cash or hard/private money financing. Contact us today to explore this intriguing investment.

Price History

Date
Event
Price
07/03/25
Listing
$749,000
01/02/97
Sold
$145,000
05/17/96
Sold
$80,000
Condition Rating
Poor
The property, built in 1916, is being sold without interior access and with occupants in place, making a direct assessment of the kitchen, bathrooms, and other interior components impossible. The listing explicitly states that the 8-bedroom rear unit's renovation has 'incomplete permits and approvals,' indicating significant legal and potential structural/safety issues. This, combined with the requirement for all-cash or hard money financing, strongly suggests the property is in a distressed state, requiring substantial repairs, rehabilitation, and resolution of permit issues before it can be considered safe or fully functional.
Pros & Cons

Pros

High Income Potential & Versatile Use: The property offers significant cash flow potential, particularly with the 8-bedroom rear unit suitable for Single Room Occupancy (SRO) housing, group home, or other creative rental strategies.
Prime Los Angeles Location: Explicitly marketed as an 'Investor REO Opportunity in Prime Location' within Los Angeles, enhancing its long-term value and demand.
Significant Unit Capacity: Features an 8-bedroom, 4-bathroom, 2930 sqft rear unit in addition to a 3-bed, 1-bath front home, providing substantial rental capacity.
Investor-Focused Opportunity: Clearly positioned for investors seeking cash flow through city programs or shared housing, aligning with current market demands for such properties.
Generous Lot Size: A substantial 7760 sqft lot offers potential for future development, outdoor amenities, or increased privacy.

Cons

Significant Permitting & Due Diligence Risk: The 8-bedroom rear unit has incomplete permits and approvals, requiring extensive buyer due diligence and potentially significant investment to legalize or complete.
Limited Access & Occupancy Issues: The property is being sold without interior access and with occupants in place, complicating inspections, valuation, and potential eviction processes for the buyer.
Restrictive Financing Requirements: Requires all cash or hard/private money financing, severely limiting the pool of potential buyers and increasing the cost of acquisition.

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