1253 E 46th, Los Angeles, CA 90011
List Price: $895K
Listing Status: Active
0Days on Market: 0
0 Bedrooms · 0 Bathrooms
Property Type: ResidentialIncome
Year Built: 1913
Lot Size: 7,060 sq ft
Private Pool: Yes
MLS Number: SB26172400
About This Property
1253 E. 46th St presents a rare opportunity to acquire a well- performing 3-unit multifamily property in Los Angeles, offered at $895,000 ($298,333 per unit). The property is currently generating a strong 6.47% cap rate and 10.85 GRM, with pro forma rents indicating approximately 16.35% 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 $356 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.
Listing provided by: Brandon Maghen DRE #02250000 310-425-9838 brandon.maghen@lyonstahl.com, Lyon Stahl Investment Real Estate, Inc.
Source: CRMLS, MLS #: SB26172400
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.