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526 47th Street, Los Angeles, CA 90037
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526 47th Street
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  • MLS#: 25582509 ( )
  • Street Address: 526 47th Street
  • Viewed: 13
  • Price: $3,695,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1927
  • Bldg sqft: 0
  • Days On Market: 101
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90037
  • Provided by: Keller Williams Luxury
  • Contact: Shahram Shahram
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Less than $195,000 per unit an Actual Cap Rate of 6.8% and Actual GRM of 10.61. Pro Forma Cap rate of 11.43% and GRM of 7.05 . 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.
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Features
Appliances
  1. Refrigerator
Building Area Total
  1. 11954.00
Construction Materials
  1. Stucco
Cooling
  1. None
Country
  1. US
Fireplace Features
  1. Kitchen
  2. Living Room
Foundation Details
  1. Raised
Heating
  1. Wall Furnace
Levels
  1. One
Netoperatingincome
  1. 247988.00
Parcel Number
  1. 5018027016
Parking Features
  1. Street
Pool Features
  1. None
Property Condition
  1. Updated/Remodeled
Security Features
  1. Gated Community
Sewer
  1. Sewer Paid
  2. Other
Sourcesystemkey
  1. 25582509:CLAW
Spa Features
  1. None
Totalexpenses
  1. 89829.00
Views
  1. 13
Virtual Tour Url
  1. https://youtu.be/f5MHOHIcsZk
Year Built
  1. 1927
Zoning
  1. LARD2