961 W 47th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$1,299,000 USD
818-851-0489
961 W 47th St, Los Angeles, CA for Sale
$1,299,000 USD
Apartments - FOR SALE
1/14
null | Request Cap Rate

961 W 47th St
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Recent renovations
  • Stabilized in place income
  • Vacant garage & ADU potential
  • Abundant area amenities

OVERVIEW

Fantastic Investment Opportunity! This charming and well-maintained fourplex offers four units, each featuring 2 bedrooms and 1 bathroom. Recent upgrades include renovated kitchens and bathrooms in each unit. With close to 2,800 sq. ft. of living space on an over 6,700 sq. ft. lot, this property presents a lucrative investment potential. Zoned LARD3, the property also had previous permits for an ADU that have now expired, allowing for an additional 2 bed/1 bath unit to further increase income potential. Garage will be vacant upon closing. Conveniently located near the 110 Freeway, Downtown LA, Staples Center, LA Live, USC, museums, parks, and major restaurants, this property is an excellent investment opportunity. The property will be delivered with tenants in place, ensuring immediate rental income. Tenants are not aware of the sale, so please do not disturb them.

FOR SALE DETAILS

PRICE

$1,299,000 USD

PRICE/SF

$385 USD /SF

# OF UNITS

4

PRICE/UNIT

$324,750

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1913

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

LARD3

APN/PARCEL ID

5018-009-022

ASK ABOUT THIS PROPERTY

Brian MallaschColdwell Banker Commercial RealtyMore Info
818-851-0489

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Brian MallaschColdwell Banker Commercial RealtyMore Info
818-851-0489

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.