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Listed by Brandon Maghen • Lyon Stahl Investment Real Estate, Inc.
$895,000
Est. payment /mo
2,514 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 2,514 sqft
Price per Sqft $356
MLS Listing ID SB-26172400
Year Built 1913
Lot Size 7,060 Sqft
Property Sub-Type Apartment
Source California Regional Multiple Listing Service (CRMLS)
Property Description
1253 E. 46th St presents a rare opportunity to acquire a well-
performing 3-unit multifamily property in Los Angeles, offered at
$895,000 ($298,333 per unit). The property is currently generating a
strong 6.47% cap rate and 10.85 GRM, with pro forma rents
indicating approximately 16.35% upside in scheduled rental income,
providing investors with immediate value-add potential.
Built in 1913, the property consists of approximately 2,514 square feet
of improvements situated on a 7,060 square foot lot, equating to
just $356 per square foot. The unit mix includes (2) one-
bedroom/one-bathroom units and (1) spacious four-
bedroom/one-bathroom unit, complemented by six on-site parking
spaces.
Ideally located in the heart of Los Angeles, the property offers
convenient access to major employment centers, shopping, dining,
public transportation, and nearby freeways. With strong in-place
cash flow, rental upside, and a desirable unit mix, 1253 E. 46th St
presents an attractive investment opportunity in one of Los Angeles'
most consistently demanded rental markets.
performing 3-unit multifamily property in Los Angeles, offered at
$895,000 ($298,333 per unit). The property is currently generating a
strong 6.47% cap rate and 10.85 GRM, with pro forma rents
indicating approximately 16.35% upside in scheduled rental income,
providing investors with immediate value-add potential.
Built in 1913, the property consists of approximately 2,514 square feet
of improvements situated on a 7,060 square foot lot, equating to
just $356 per square foot. The unit mix includes (2) one-
bedroom/one-bathroom units and (1) spacious four-
bedroom/one-bathroom unit, complemented by six on-site parking
spaces.
Ideally located in the heart of Los Angeles, the property offers
convenient access to major employment centers, shopping, dining,
public transportation, and nearby freeways. With strong in-place
cash flow, rental upside, and a desirable unit mix, 1253 E. 46th St
presents an attractive investment opportunity in one of Los Angeles'
most consistently demanded rental markets.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Laundry Inside
Exterior
Pool None
Community Features Curbs, Sidewalks, Storm Drains, Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900