965 47Th St, Los Angeles, CA 90037
4 Unit Apartment Building | $699,000 ($174,750/Unit) | 3.70% Cap Rate | Los Angeles, CA 90037
For Sale
Active
13 pictures
Asking Price $699,000
- Property Type
-
Multifamily
- Square Feet
- 2,803 SF
Listing Contacts
Armin Soleimani
Property Overview
Global Platinum Properties is excited to showcase a lucrative FOUR UNIT residential property centrally located in Los Angeles. This investment opportunity encompasses three distinct buildings with a combined area of 2,802 square feet, situated on a 6,682 square foot lot zoned RD-3, TOC (Tier 3). The property features alley access to garages, offering the potential for ADU conversion. Each unit is individually metered for gas and electricity, enhancing convenience. Located within walking distance to schools and public transportation, the property is also just minutes away from Exposition Park, Downtown Los Angeles, and USC.
With proximity to schools, public transit, Exposition Park, Downtown LA, and USC, this property promises not only exceptional returns but also a prime location for long-term growth and value appreciation. Close to freeways such as the 110 and 10, residents have easy access to all that Los Angeles has to offer. Additionally, being close to the Lucas Museum of Narrative Art, BMO Stadium, and Los Angeles Coliseum ensures endless entertainment options right at your doorstep. This neighborhood is poised for an exciting future with the upcoming 2028 Summer Olympics just 1 mile away from this property. The potential for growth in this area is unmatched making it an ideal investment opportunity for savvy investors looking for both short-term profits and long-term value appreciation.
With proximity to schools, public transit, Exposition Park, Downtown LA, and USC, this property promises not only exceptional returns but also a prime location for long-term growth and value appreciation. Close to freeways such as the 110 and 10, residents have easy access to all that Los Angeles has to offer. Additionally, being close to the Lucas Museum of Narrative Art, BMO Stadium, and Los Angeles Coliseum ensures endless entertainment options right at your doorstep. This neighborhood is poised for an exciting future with the upcoming 2028 Summer Olympics just 1 mile away from this property. The potential for growth in this area is unmatched making it an ideal investment opportunity for savvy investors looking for both short-term profits and long-term value appreciation.
Property Details
- Class
- C
- Year Built
- 1924
- Stories
- 2
- Property Subtype
- Dormitory
- Lot Size (sq. ft)
- 6,534 SF
- Units
- 4
Highlights
- Proximity to schools, public transit, Exposition Park, Downtown LA, and USC.
- Huge Upside in Rents!
- Great Value, $175K/door.
- Excellent 90037 Location, just minutes to USC, Banc of California Arena, Exposition Park & More!
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