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
$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