Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Type

Apartment

Bedrooms

3

Building size

2,514 sqft

Lot size

7,060 sqft

Year built

1913

Stories

1

Garage spaces

0

Pool

None

Status

Active

Days on market

25

MLS #

245669149

About this property

1253 E. 46th St presents a rare opportunity to acquire a well- performing 3-unit multifamily property in Los Angeles, offered at $845,000 ($281,667 per unit). The property is currently generating a strong 7.00% cap rate and 10.24 GRM, with pro forma rents indicating approximately 16% 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 $336 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

1253 E 46th

Los Angeles, Los Angeles, CA, 90011