1445 N Avenue 47, Los Angeles, CA 90042


Square feet


Lot Size


# 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


Parking None
Garages None
Is Waterfront No
Has Pool No


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

AgentJulio Ruiz
OfficeGlobal Platinum Properties, Inc.

Listing Map

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