Property listed by Keller Williams Luxury, Shahram Pourebrahim 562-961-1400
$3,495,000
Less than $184,000 per unit an Actual Cap Rate of 7.25% and Actual GRM of 10.04. Pro-Forma Cap rate of 12.14% and GRM of 6.66 . Well-Maintained 19-Unit Multifamily property on a Large Double Lot Approx. 15,464 sq. ft. lot located at 526-534 W. 47th St., Los Angeles, CA 90037.… Read More This offering includes two adjacent parcels: APNs 5018-027-015 and 5018-027-016. Many units have been fully remodeled and upgraded. Located just minutes south of USC, BMO Stadium, and near shops and restaurants. Situated in a rapidly gentrifying neighborhood with significant development potential. Potential to build affordable or low-income housing, (buyer to verify). Tremendous upside once units are turned. Four units may be delivered vacant at close of escrow. Convenient access to the 110 Freeway, public transits, and local amenities. No on-site manager required. Drive-by only, please do not disturb tenants. For further details, call or text the listing agent. Read Less
Listing Snapshot
Days Online
102
Last Updated
Beds
21
Square Ft.
11,954
Lot Size
0.36 Acres
Year Built
1927
MLS Number
25582509
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1927, Living area: 11954.0, 6 buildings, 6 stories, Levels: One, Construction Materials: Stucco
Community
Gated
Cooling
None
Disclosures
PrincipalIsRealEstateLicensed
Fireplaces
Kitchen, LivingRoom
Foundation
Raised
Heating
WallFurnace
Income
Gross Income: $348,264, Net Operating Income: $253,556
Lot
0.355 acres
Parking
OnStreet
Pool
None
Property
UpdatedRemodeled
Security Features
GatedCommunity
Sewer
SewerTapPaid
Taxes
Parcel Number: 5018027016, Zoning: LARD2
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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