1163 E 46th St, Los Angeles, CA 90011
Los Angeles, CA$2,200,000
Property Description
INVESTMENT HIGHLIGHTS
- Excellent investment opportunity – only $125,000/door
- Master Metered for Water and Electricity allowing for Additional Rent Increases
- Well Maintained 20 Unit apartment building
- 13.2 GRM on current income, plus a substantial upside as units turn over
EXECUTIVE SUMMARY
Apartment building consisting of four 1 bedroom units and 16 singles. Property is master metered for water and electricity
allowing for additional rent increase.
allowing for additional rent increase.
Property Features
- Sale Price: $2,200,000
- Area Size: 5,060 Sq. Ft.
- Land Area: 6,934 Sq. Ft.
- Year Built: 1925
- Listing Date: 10/24/2022
- Closing Date: 12/12/2022
- Units: 20
- Current GRM: 13.28
- Current Cap Rate: 3.54%
- Price Per Unit: $125,000
- Market GRM: 7.68
- Market Cap Rate: 8.37%
- Current NOI: $88,605
