1445 N Avenue 47 - Apartments FOR SALE
Los Angeles, CA 90042 |
1445 N Avenue 47
Los Angeles, CA 90042
HIGHLIGHTS
- Incredible investment opportunity for a cash-flowing 22-unit apartment building with a remarkable current cap rate of 6% and 12 GRM from day one.
- 1445 N Avenue 47 has a significant upside potential to achieve a desirable 8% Cap Rate and 9.5 GRM on the proforma.
- Diverse unit mix of two (2bed/2bath), two (2bed/1bath), and 18 (1bed/1bath) units, priced at only $293k per door for fully renovated units.
- Encompassing 13 fully renovated units with permits, including 4 brand new attached ADUs
- Set on a large 15,067 SF lot with Prelim plans for 2 additional detached ADUs for future upside
- Individually metered for gas & electricity with soft-story retrofit already completed
FOR SALE DETAILS
PRICE
-
# OF UNITS
-
CAP RATE
-
% LEASED
-
BUILDING DETAILS
PROPERTY NAME
550k Reduction! 6% Cap w upside to 8%
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
13424
STORIES
2
YEAR BUILT
1963
PARKING SPACES
13
LAND DETAILS
LAND ACRES
-
LAND SF
-
ZONING
-
APN/PARCEL ID
5474-028-013
