526-534 W 47th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$4,725,000 USD
213-926-1776
526-534 W 47th St, Los Angeles, CA for Sale
$4,725,000 USD
Apartments - FOR SALE
1/48
null | 5.08% Cap Rate

526-534 W 47th St
Los Angeles, CA 90037
Vermont Harbor


HIGHLIGHTS

  • Minutes south of USC and BMO Soccer Stadium.
  • Close to shops, restaurants, 110-Freeway, and public transit.
  • Neighborhood is described as gentrifying.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,725,000 USD

PRICE/SF

$395 USD /SF

# OF UNITS

19

PRICE/UNIT

$248,684

CAP RATE

5.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

W 47th Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing, Office/Residential, Dormitory

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1927

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,464 SF

ZONING

LARD2

APN/PARCEL ID

5018-027-015,5018-027-016

ASK ABOUT THIS PROPERTY

Shawn PourebrahimKeller Williams LuxuryMore Info
213-926-1776

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Shawn PourebrahimKeller Williams LuxuryMore Info
213-926-1776

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