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16-Bedroom ResidentialIncome — 816 W 47th Street, Los Angeles, CA

$2,079,000

816 W 47th Street, Los Angeles, CA

$2,079,000 — 816 W 47th Street, Los Angeles, CA — photo 1 $2,079,000 — 816 W 47th Street, Los Angeles, CA — photo 2 $2,079,000 — 816 W 47th Street, Los Angeles, CA — photo 3 $2,079,000 — 816 W 47th Street, Los Angeles, CA — photo 4 $2,079,000 — 816 W 47th Street, Los Angeles, CA — photo 5
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About this property

We are pleased to present this new construction, 2020 year build 4-unit apartment community located at 816 W 47th St offered at a 12.74 GRM and 6.13% CAP on current rents with upside potential to achieve a 10.65 GRM and 7.39% CAP with proforma rents. This opportunity consists of two, two-story duplexes offering a total of 6,446 rentable square feet which sit on an 8,534 square foot LARD2 zoned lot with 6 onsite uncovered parking spaces in the rear. The unit mix consists of four (4) massive four bedroom three-bathroom units that average 1,611 square feet each. ALL UTILITIES are paid for by the tenants! Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information.

Property details

Bedrooms
16
Bathrooms
12
Square feet
6,446
Year built
2020
Property type
ResidentialIncome

Location

816 W 47th Street • Los Angeles, CA 90037

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Listed by

Casey Lins · Kidder Mathews of California, Inc.

Listing courtesy of Kidder Mathews of California, Inc.. Information deemed reliable but not guaranteed.

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