$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

AgentJulio Ruiz
OfficeGlobal Platinum Properties, Inc.

Listing Map

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