How much rent can the units at 4623 6th Avenue generate?

Each renovated two-bedroom unit is estimated to rent for about $2,600 per month — roughly $5,200 per month, or $62,400 per year, gross across both units.

What is the gross rent multiplier (GRM) on this duplex?

At a $949,000 price and about $62,400 in estimated gross annual rent, the gross rent multiplier is roughly 15.2x, which is typical for renovated, vacant small multifamily in this part of Los Angeles.

Can you house-hack 4623 6th Avenue?

Yes. An owner can live in one unit and rent the other for about $2,600 per month to offset most of the mortgage — a common owner-occupant strategy on Los Angeles duplexes.

Duplex · Park Hills Heights · Inaugural breakdown

This vacant Spanish duplex near Leimert Park wants $949K — and the numbers actually make sense

Two renovated 2-bed units, two private yards, zero inherited tenants. We run the rents, the financing, and the house-hack math to see whether the asking price holds up.

By Ania De Pourbaix, AMRE Real Estate GroupJune 4, 2026

The duplex at 4623 6th Ave in Park Hills Heights — delivered fully vacant. Photos via TheMLS.

Units

1,932

Sq Ft

6,749

Lot SF

2/1

Bd/Ba ea.

1923

Built

LAR2

Zoning

Almost nothing under a million dollars in Los Angeles comes delivered fully vacant, fully renovated, with two separate private yards. So a side-by-side Spanish duplex on a quiet block in Park Hills Heights is worth a closer look. Both units are 2-bed, 1-bath, both renovated, both with stainless appliances, in-unit laundry, and central HVAC — and both empty, which in this rental market is a gift.

The Numbers

At an ask of $949,000, this isn't a screaming bargain by national standards. But for an off-the-shelf duplex delivered vacant and renovated — where you control the rents from day one — the math is worth running. Estimated market rent for renovated 2-beds in this corridor is about $2,600 a month.

Income (estimated)

Unit 1 rent$2,600/mo

Unit 2 rent$2,600/mo

Gross monthly$5,200

Gross income / yr$62,400

Acquisition math

List price$949,000

Down (25%)$237,250

Loan amount$711,750

Est. mortgage (~7%)−$4,735/mo

Gross rent multiplier15.2×

The house-hack play
Live in one. Rent the other.
Offset your mortgage.
$2,600
/ mo coming in

Operate it as a pure rental and you're looking at a tight but workable cash-flow picture once expenses hit. House-hack it — live in one unit, collect $2,600 from the other — and your effective housing cost drops well below what a single-family home in this neighborhood would run. That's been the play on duplexes like this for a decade, and it still holds.

Updated kitchen with stainless appliances

Why it works

✓Delivered 100% vacant — you set the rents. No inherited leases, no below-market tenants, no drama.
✓Fully remodeled — renovated kitchens and baths, stainless appliances. Turnkey from day one.
✓In-unit W/D + central HVAC in both units — the amenities that command top-of-market rent.
✓A private fenced yard per unit — not a shared slab. Real outdoor space LA renters pay up for.
✓LAR2 zoning — flexibility and future development upside on a 6,749 sf lot.

Location

—Minutes from USC — consistent rental demand year-round.
—Adjacent to Leimert Park, one of LA's most culturally significant and rapidly appreciating neighborhoods.
—Near the Crenshaw/LAX Metro line — transit access tenants want.
—Quick reach to Downtown LA, Culver City, and the Westside.

Play your angle

House hack

Live in one unit, rent the other for $2,600/mo. Offset the mortgage while building equity in LA.

Pure invest

Rent both units at $2,600 each — $5,200/mo gross. Turnkey and vacant, so income starts month one.

Multi-gen

House extended family on both sides of one property. Privacy and proximity in a central zip code.

Long hold

LAR2 zoning plus Crenshaw-corridor appreciation. Buy, hold, and let the location do the work.

Quick answers

How much is the duplex at 4623 6th Avenue?

It's listed at $949,000 — a two-unit Spanish duplex in Park Hills Heights, Los Angeles (90043), delivered fully vacant and renovated.

How much rent can the units generate?

Each renovated two-bedroom unit is estimated to rent for about $2,600/month — roughly $5,200/month, or $62,400/year, gross across both units.

What is the gross rent multiplier (GRM)?

At $949,000 with about $62,400 in estimated gross annual rent, the GRM is roughly 15.2× — typical for renovated, vacant small multifamily in this part of LA.

Can you house-hack this property?

Yes. Live in one unit and rent the other for about $2,600/month to offset most of the mortgage — a common owner-occupant strategy on LA duplexes.

Is it delivered vacant?

Yes — both units are delivered vacant and renovated, so an owner sets market rents from day one with no inherited leases or rent-control tenancy to absorb.

Ania De Pourbaix

AMRE Real Estate Group · Compass · DRE# 01891438

(310) 270-3879 · [email protected]

Get in touch

MLS# 26839889 · APN 5014-014-009 · Active

All rents, financing, and returns shown are estimates for illustrative purposes only and do not constitute investment, tax, or legal advice. Broker/Agent does not guarantee the accuracy of square footage, lot size, or other property information; buyer is advised to verify all information independently with appropriate professionals. AMRE Real Estate Group at Compass · DRE #02242095. Information deemed reliable but not guaranteed.