Value Add 4 Unit near Expo Park - $175/door! | 965 W 47th St
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Value Add 4 Unit near Expo Park - $175/door! 965 W 47th St
4 Unit Apartment Building $699,000 ($174,750/Unit) 3.70% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Proximity to schools, public transit, Exposition Park, Downtown LA, and USC.
- Great Value, $175K/door.
- Huge Upside in Rents!
- Excellent 90037 Location, just minutes to USC, Banc of California Arena, Exposition Park & More!
Executive Summary
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 Facts
Unit Amenities
- Porch
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 3 | - | - |
3+2 | 1 | - | - |
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Walk Score ®
Very Walkable (81)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
Parcel Number | 5018-009-021 | Improvements Assessment | $229,664 |
Land Assessment | $546,820 | Total Assessment | $776,484 |
PROPERTY TAXES
Parcel Number
5018-009-021
Land Assessment
$546,820
Improvements Assessment
$229,664
Total Assessment
$776,484
zoning
Zoning Code | LARD3 |
LARD3 |
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Value Add 4 Unit near Expo Park - $175/door! | 965 W 47th St
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