$ 3,349,000
-
$3,349,000
Price -
11,953
SqFt -
0.36
Acre
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About the Listing SB1310620 - sbstiejoh,sbtakaste
526–534 W 47th Street presents an opportunity to acquire two neighboring apartment buildings totaling 19 units in a central Los Angeles location. The properties feature eighteen 1-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit, with approximately 11,953 square feet of building area situated on approximately 15,467 square feet of land. Four units are currently vacant, providing an incoming investor with the opportunity to renovate and lease the units while benefiting from the property’s existing income. The revised setup sheet increased the current annual scheduled income from $356,568 to $356,904. The projected market income remains $521,400, and the rental upside still rounds to approximately 46%. The offering consists of two separate parcels, each containing fewer than 16 units, which generally eliminates the state requirement for an on-site resident manager. Conveniently located near the 110 Freeway, USC, Exposition Park, the Los Angeles Memorial Coliseum and Downtown Los Angeles, this offering provides attractive scale, immediate vacant-unit potential and meaningful long-term rental upside.
Listing Highlights for 526 W 47th St
Interior Details
- Appliances:
- Air Cond:
- Heating:
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Rectangular Lot,No Land Lease
- Garage Capacity: N/A
- Roof:
- Others: 2+ Total Units
- Sewer:
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5018027015
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
526 W 47th St Los Angeles, CA 90037
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