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$ 895,000
Est. payment | /mo
6 Beds
3 Baths
7,060 Sqft Lot
$ 895,000
Est. payment | /mo
6 Beds
3 Baths
7,060 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26172400
Bedrooms 6
Lot Size 7,060 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1253 E. 46th St presents a rare opportunity to acquire a well- 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
Zoning Assessor
Direction Off of E Vernon Ave and Hooper Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Senior Community No
Tax ID 5107007018
Acceptable Financing Cash, Conventional, Exchange, VA
Listing Terms Cash, Conventional, Exchange, VA
Listed by Brandon Maghen, DRE#02250000 Lyon Stahl Investment Real Estate, Inc.
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