We are pleased to present this new construction, 2020 year build 4-unit apartment community located at 816 W 47th St offered at a 12.74 GRM and 6.13% CAP on current rents with upside potential to achieve a 10.65 GRM and 7.39% CAP with proforma rents. This opportunity consists of two,… Read More two-story duplexes offering a total of 6,446 rentable square feet which sit on an 8,534 square foot LARD2 zoned lot with 6 onsite uncovered parking spaces in the rear. The unit mix consists of four (4) massive four bedroom three-bathroom units that average 1,611 square feet each. ALL UTILITIES are paid for by the tenants! Nearby amenities include the Gilbert Lindsay Recreation Center, Trader Joe's, the Ross Snyder Recreation Center, Superior Grocers, USC, The Coliseum, LAFC, Crypto.com Arena, The Convention Center and various employment opportunities within the direct vicinity of the property. Contact the listing broker for additional information. Read Less
Property listed by Kidder Mathews of California, Inc., Casey Lins 310-259-7556
Listing Snapshot
Days Online
8
Last Updated
Beds
16
Square Ft.
6,446
Lot Size
0.2 Acres
Year Built
2020
MLS Number
26663623
Additional Details
Building
Built in 2020, Living area: 6446.0, 2 buildings, 2 stories, Levels: Two, Entry level: 1
Income
Gross Income: $163,200, Net Operating Income: $127,493
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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