965 W 47th St - Apartments FOR SALE


Los Angeles, CA 90037- Vermont Harbor
$699,000 USD
310-666-2246
965 W 47th St, Los Angeles, CA for Sale
$699,000 USD
Apartments - FOR SALE
1/13
null | 3.7% Cap Rate

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


HIGHLIGHTS

  • Proximity to schools, public transit, Exposition Park, Downtown LA, and USC.
  • Huge Upside in Rents!
  • Great Value, $175K/door.
  • Excellent 90037 Location, just minutes to USC, Banc of California Arena, Exposition Park & More!

OVERVIEW

Global Platinum Properties is excited to showcase a lucrative FOUR UNIT residential property centrally located in Los Angeles. This investment opportunity encompasses three distinct buildings with a combined area of 2,802 square feet, situated on a 6,682 square foot lot zoned RD-3, TOC (Tier 3). The property features alley access to garages, offering the potential for ADU conversion. Each unit is individually metered for gas and electricity, enhancing convenience. Located within walking distance to schools and public transportation, the property is also just minutes away from Exposition Park, Downtown Los Angeles, and USC. With proximity to schools, public transit, Exposition Park, Downtown LA, and USC, this property promises not only exceptional returns but also a prime location for long-term growth and value appreciation. Close to freeways such as the 110 and 10, residents have easy access to all that Los Angeles has to offer. Additionally, being close to the Lucas Museum of Narrative Art, BMO Stadium, and Los Angeles Coliseum ensures endless entertainment options right at your doorstep. This neighborhood is poised for an exciting future with the upcoming 2028 Summer Olympics just 1 mile away from this property. The potential for growth in this area is unmatched making it an ideal investment opportunity for savvy investors looking for both short-term profits and long-term value appreciation.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$249 USD /SF

# OF UNITS

4

PRICE/UNIT

$174,750

CAP RATE

3.7%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Value Add 4 Unit near Expo Park - $175/door!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,682 SF

ZONING

LARD3

APN/PARCEL ID

5018-009-021

ASK ABOUT THIS PROPERTY

Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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Armin SoleimaniGlobal Platinum PropertiesMore Info
310-666-2246

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