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Matt O'Brien

matt@homecrave.com +1(619) 302-3010

$ 895,000

Est. payment | -/mo

6 Beds

3 Baths

7,060 Sqft Lot

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$ 895,000

Est. payment | -/mo

Save

6 Beds

3 Baths

7,060 Sqft Lot

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB26172400

Bedrooms 6

Lot Size 7,060 Sqft

Property Sub-Type Res Income 2-4 Units

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.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Off of E Vernon Ave and Hooper Ave

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 5107007018

Acceptable Financing Cash, Conventional, Exchange, VA

Listing Terms Cash, Conventional, Exchange, VA

Listed by Brandon Maghen, DRE#02250000 Lyon Stahl Investment Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

+1(619) 302-3010

matt@homecrave.com

San Diego, CA 92124

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1253 E 46th Los Angeles, CA 90011