FOR SALE-3 Residential Units
488 E. 47th Street, Los Angeles, CA, 90011
In Downtown Los Angeles
$777,000
Price
2473
Building SF
3
Number of Units
6177
Land SF
100%
Occupancy
1904 & 1922
Year Built
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$777,000
Price
2473
Building SF
3
Number of Units
6177
Land SF
100%
Occupancy
1904 & 1922
Year Built
Discover a lucrative investment opportunity at 488 E. 47th Street, where the potential for high returns on investment awaits. This multi-family property is a gem in the heart of the city, offering a prime location for those seeking to maximize their ROI in the real estate market.With a strategic location that promises both convenience and growth potential, this property is a dream investment for those looking to secure long-term financial success.
Situated in a thriving neighborhood, this multi-family unit presents a unique opportunity to capitalize on the increasing demand for quality rental properties in the area.
The allure of this property lies not only in its exceptional location but also in its impressive income-generating potential. Each unit is meticulously designed to attract tenants seeking modern amenities and comfortable living spaces, ensuring a steady stream of rental income for savvy investors.
Public transportation options are accessible, with bus stops within walking distance and the Metro station a short drive away. There are schools and parks in the vicinity, offering educational and recreational opportunities for residents in the area.
Rental Income
(Unit 492) 2 Bed- 1 Bath Monthly Rent $1,601.00
(Unit 490) Single Monthly Rent $1,568.00
(Unit 488) 2Bed - 1 Bath Monthly Rent $1,622.00
Total Gross Monthly income: $4,791.00
Total Gross Yearly Income: $57,492.00
FOR MORE DETAILS CONTACT
Michael Mehdizadeh
Sr. Vice President
(310) 466-9580
michael@iaginco.com
01315713
Andrew Lee
Broker
(213) 625-1629
aclee.aig@gmail.com
01046440
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