$5,995,000
1445 N Avenue 47, Los Angeles, CA 90042
13,382
Square feet
15,030
Lot Size
22
# Of Units
Listing Agent
Julio Ruiz - Global Platinum Properties, Inc.Huge 500k Price Reduction! 18 Unit building plus 4 Attached RTI ADUs with 8 renovated vacancies priced at only 285k/door. All vacant units and ADUs are under construction so buyers can complete them with their own taste/finishes. (Remodels are in the final stages, ADUs just started). Incredible Current 6.1% Cap Rate and 11.8 GRM with an upside to 8.6% Cap Rate and 9.1 GRM. Easy to Rent Unit Mix consisting of 2 (2bed/2bath), 2 (2bed/1bath), 16 (1bed/1bath). Individually metered for Gas & Electricity, parking with soft-story already completed, and prelim plans for 2 Detached ADUs for future upside. Excellent opportunity to acquire a turnkey apartment building in one of LA's hottest neighborhoods in Highland Park just steps away from all the hip restaurants, bars, and shops on the Famous York Blvd. Price/Unit, Cap Rate, & GRM are based on Total Price for sake of conservatism, which includes construction costs of 4 attached RTI ADUs 1,470 SF at 200/SF (294k).
Facts & Features
| MLS® # | 23235241 |
|---|---|
| Price | $5,995,000 |
| Bathrooms | 0.00 |
| Square Footage | 13,382 |
| Lot Size | 15,030 |
| Year Built | 1963 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 22 |
Community Information
| Address | 1445 N Avenue 47 |
|---|---|
| Area | 632 - Highland Park |
| City | Los Angeles |
| County | Los Angeles |
| State | CA |
| Zip Code | 90042 |
Amenities
| Parking | None |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Refrigerator |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Has Basement | No |
| Fireplace | No |
| # of Stories | 2 |
Additional Information
| Date Listed | January 23rd, 2023 |
|---|---|
| Days on Market | 4 |
| Zoning | LARD3 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Julio Ruiz |
|---|---|
| Office | Global Platinum Properties, Inc. |