About 1253 E 46th
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.
