1445 N Avenue 47, Los Angeles, CA 90042
# Of Units
Listing AgentJulio 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
|# Of Units||22|
|Address||1445 N Avenue 47|
|Area||632 - Highland Park|
|# of Stories||2|
|Date Listed||January 23rd, 2023|
|Days on Market||4|
|RE / Bank Owned||No|
|Office||Global Platinum Properties, Inc.|