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1445 N Avenue 47
Los Angeles, CA 90042
700k Reduction! 6% Cap w Upside to 8.2% · Multifamily Property For Sale
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22 Units
Investment Highlights
- Remarkable multi-family opportunity to purchase a modern asset that caters to today's tenants' needs.
- 22 renovated, cash-flowing units at an incredible current 6% cap rate and 12 GRM from day one.
- 13,424-square-foot 22-unit apartment complex with 12 renovated units with permits, including 8 units and 4 brand-new attached ADUs
- Reasonably priced at only $286,000 per door for renovated units, the property includes an upside to a 8.2% cap rate and 9.3 GRM on the proforma.
- Desirable property features include individually-metered, renovated units and a parking soft-story retrofit.
- Nestled in the walkable and sought-after Highland Park area, 1445 N Avenue 47 is a chance to own in one of LA's first neighborhoods.
Property Facts
| No. Units | 22 | Building Size | 13,424 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1963/2023 |
| Building Class | B | Parking Ratio | 0.97/1,000 SF |
| Lot Size | 0.35 AC | ||
| Zoning | LARD3 - restricted Density Multiple Dwelling | ||
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.35 AC |
| Building Size | 13,424 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1963/2023 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | LARD3 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 18 | - | - |
| 2+1 | 2 | - | - |
| 2+2 | 2 | - | - |
Property Taxes
| Parcel Number | 5474-028-013 | Improvements Assessment | $2,254,255 |
| Land Assessment | $2,440,884 | Total Assessment | $4,695,139 |
Property Taxes
Parcel Number
5474-028-013
Land Assessment
$2,440,884
Improvements Assessment
$2,254,255
Total Assessment
$4,695,139
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