35
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$3,495,000
Est. payment /mo
Price Dropped by $200K
526 -534 W 47th ST Los Angeles, CA 90037
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25628245
HOA Y/N No
Year Built 1927
Tax Year 2024
Property Description
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. 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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LARD2
Interior
Fireplace No
Laundry None
Exterior
Community Features Gated
Utilities Available Electricity Available, Natural Gas Available
Roof Type Shingle
Others
Tax ID 5018027016
Security Features Gated Community
Special Listing Condition Standard
Virtual Tour https://youtu.be/f5MHOHIcsZk
Listed by Shahram Pourebrahim Keller Williams Luxury
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