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Listed by Brandon Maghen, DRE #02250000 • Lyon Stahl Investment Real Estate, Inc.
$ 845,000
Est. payment /mo
Price Dropped by $50K
1253 E 46th Los Angeles, CA 90011
7,060 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26172400
Year Built 1913
Lot Size 7,060 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
1253 E. 46th St presents a rare opportunity to acquire a well- performing 3-unit multifamily property in Los Angeles, offered at $845,000 ($281,667 per unit). The property is currently generating a strong 7.00% cap rate and 10.24 GRM, with pro forma rents indicating approximately 16% 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 $336 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 Other
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 5107007018
Special Listing Condition Not Applicable
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