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550 W 47th St 32 Unit Apartment Building $3,850,000 ($120,313/Unit) 6.50% Cap Rate Los Angeles, CA 90037
EXECUTIVE SUMMARY
SOLID CASH FLOW, Great Investment Property, Stream of Income for over 6.1% CAP Prime Multi-Unit Investment Opportunity in South Los Angeles.
Rare chance to acquire a 2020 yr built high-yield, multi-unit property in a desirable South Los Angeles location—just minutes from BMO Stadium, Exposition Park, and with easy access to the 110 Freeway (Vernon Exit). This versatile property is well-suited for homeless shelters, interim transition housing, non-profit organizations, and government-backed master lease programs. The Rent Roll is current and the lease has commenced as as May 1 2025.
Featuring four units with an impressive total of 32 master suite-style bedrooms and 32 bathrooms, each suite is equipped with a private bath and mini-split HVAC system for maximum comfort. The property also offers common dining areas and laundry facilities in each unit.
Zoned R-2 with R-3 occupancy per COO, this unique asset presents significant flexibility and potential.
?? For more information, contact Listing Agent Robert Lee at (213) 925-3632 or robert.lee@injproperties.com.
Rare chance to acquire a 2020 yr built high-yield, multi-unit property in a desirable South Los Angeles location—just minutes from BMO Stadium, Exposition Park, and with easy access to the 110 Freeway (Vernon Exit). This versatile property is well-suited for homeless shelters, interim transition housing, non-profit organizations, and government-backed master lease programs. The Rent Roll is current and the lease has commenced as as May 1 2025.
Featuring four units with an impressive total of 32 master suite-style bedrooms and 32 bathrooms, each suite is equipped with a private bath and mini-split HVAC system for maximum comfort. The property also offers common dining areas and laundry facilities in each unit.
Zoned R-2 with R-3 occupancy per COO, this unique asset presents significant flexibility and potential.
?? For more information, contact Listing Agent Robert Lee at (213) 925-3632 or robert.lee@injproperties.com.
DATA ROOM Click Here to Access
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$300,000
|
$29.37
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$300,000
|
$29.37
|
| Taxes |
$47,162
|
$4.62
|
| Operating Expenses |
$17,841
|
$1.75
|
| Total Expenses |
$65,003
|
$6.36
|
| Net Operating Income |
$234,997
|
$23.01
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $29.37 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $300,000 |
| Annual Per SF | $29.37 |
| Taxes | |
|---|---|
| Annual | $47,162 |
| Annual Per SF | $4.62 |
| Operating Expenses | |
|---|---|
| Annual | $17,841 |
| Annual Per SF | $1.75 |
| Total Expenses | |
|---|---|
| Annual | $65,003 |
| Annual Per SF | $6.36 |
| Net Operating Income | |
|---|---|
| Annual | $234,997 |
| Annual Per SF | $23.01 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 32 | - | - |
1 1
Walk Score®
Very Walkable (79)
Bike Score®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Number | 5018-027-019 | Total Assessment | $3,714,228 (2025) |
| Land Assessment | $2,122,416 (2025) | Annual Taxes | $47,162 ($4.62/SF) |
| Improvements Assessment | $1,591,812 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
5018-027-019
Land Assessment
$2,122,416 (2025)
Improvements Assessment
$1,591,812 (2025)
Total Assessment
$3,714,228 (2025)
Annual Taxes
$47,162 ($4.62/SF)
Tax Year
2024
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I & J Properties, Inc.
550 W 47th St
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