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… Read More 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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Brandon Maghen 310-409-3908
Listing Snapshot
Days Online
10
Last Updated
Property Type
Apartment
Lot Size
0.16 Acres
Year Built
1913
MLS Number
SB26172400
Additional Details
Building
Built in 1913, 1 building, 1 storey, Entry level: 1, Entry location: Front
Community
Curbs, StormDrains, StreetLights, Sidewalks
Expenses
Operating: $22,130
Income
Gross Income: $82,512, Gross ScheduledIncome: $82,512, Net Operating Income: $57,906
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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