ActiveCommercial · sale

526 534 W 47th St

Los Angeles, CA 90037

$3,349,000

  • 0.36 acres

Listed by Lyon Stahl Investment Real Estate, Inc. · MLS #SB26190336

A FEW THINGS TO NOTICE

What stands out.

Property size

0.36 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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526–534 W 47th Street presents an opportunity to acquire two neighboring apartment buildings totaling 19 units in a central Los Angeles location. The properties feature eighteen 1-bedroom/1-bathroom units and one 3-bedroom/1-bathroom unit, with approximately 11,953 square feet of building area situated on approximately 15,467 square feet of land. Four units are currently vacant, providing an incoming investor with the opportunity to renovate and lease the units while benefiting from the property’s existing income. The revised setup sheet increased the current annual scheduled income from $356,568 to $356,904. The projected market income remains $521,400, and the rental upside still rounds to approximately 46%. The offering consists of two separate parcels, each containing fewer than 16 units, which generally eliminates the state requirement for an on-site resident manager. Conveniently located near the 110 Freeway, USC, Exposition Park, the Los Angeles Memorial Coliseum and Downtown Los Angeles, this offering provides attractive scale, immediate vacant-unit potential and meaningful long-term rental upside.

THE NEIGHBORHOOD

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526 534 W 47th St, Los Angeles, CA 90037

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THE DETAILS

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Property type
CommercialSale
Category
Commercial
Parcel
5018027015

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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526 534 W 47th St, Los Angeles, CA 90037 · MLS #SB26190336

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Listing information

MLS #SB26190336 · California Regional MLS

Listing brokerage: Lyon Stahl Investment Real Estate, Inc.
Listing agent: John Stiegler II

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.