7,061 Sqft Lot
7,061 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26172400
HOA Y/N No
Year Built 1913
Lot Size 7,061 Sqft
Property Sub-Type Apartment
Property Description
performing 3-unit multifamily property in Los Angeles, offered at
$895,000 ($298,333 per unit). The property is currently generating a
strong 6.47% cap rate and 10.85 GRM, with pro forma rents
indicating approximately 16.35% upside in scheduled rental income,
providing investors with immediate value-add potential.
Built in 1913, the property consists of approximately 2,514 square feet
of improvements situated on a 7,060 square foot lot, equating to
just $356 per square foot. The unit mix includes (2) one-
bedroom/one-bathroom units and (1) spacious four-
bedroom/one-bathroom unit, complemented by six on-site parking
spaces.
Ideally located in the heart of Los Angeles, the property offers
convenient access to major employment centers, shopping, dining,
public transportation, and nearby freeways. With strong in-place
cash flow, rental upside, and a desirable unit mix, 1253 E. 46th St
presents an attractive investment opportunity in one of Los Angeles'
most consistently demanded rental markets.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Fireplace No
Laundry Inside
Exterior
Pool None
Community Features Curbs, Storm Drain(s), Street Lights, Sidewalks
Total Parking Spaces 6
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5107007018
Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Government Loan, Private Financing Available, Submit, VA Loan, VA No Loan
Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange, Fannie Mae, Government Loan, Private Financing Available, Submit, VA Loan, VA No Loan
Special Listing Condition Standard
Nearby Locations
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