$895,000
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.
Listed by Brandon Maghen with Lyon Stahl Investment Real Estate, Inc. (310) 425-9838
Property Type
Apartment
Status
Active
MLS Number
SB26172400
Year Built
1913
Lot Size
7,061 sq ft
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