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643 E 47th St
Los Angeles, CA 90011
Multifamily Property For Sale
·
5 Units


EXECUTIVE SUMMARY
BACK ON THE MARKET. SUBJECT TO THE CANCELLATION OF PRIOR ESCROW. SELLER HAS REDUCED THE PRICE $250,000. This 5 unit apartment is located in the HEART of Los Angeles. The property is occupied with month to month tenancy. The property is minutes from downtown Los Angeles via the 110 Freeway or municipal roads, the property offers reasonable access to the entirety of LA's many communities and attractions. Subject to Bankruptcy court confirmation and Bankruptcy court reserves the right to hold a court auction.
Unit 1 - 2 beds/1 bath/ 820 sqft/ lower unit/ $2,900 (leased)
Unit 2 - 1 bed/ 1 bath/ 440 sqft/ lower unit/ $2,250 (leased)
Unit 3 - 2 beds/1 bath/ 790 sqft/ lower unit/ $1,040 (leased)
Unit 4 - 2 beds/1 bath/ 790 sqft/ upper unit/ $2,300 (vacant)
Unit 5 - 1 beds/1 bath/ 440 sqft/ upper unit/ $1,900 (leased)
Unit 1 - 2 beds/1 bath/ 820 sqft/ lower unit/ $2,900 (leased)
Unit 2 - 1 bed/ 1 bath/ 440 sqft/ lower unit/ $2,250 (leased)
Unit 3 - 2 beds/1 bath/ 790 sqft/ lower unit/ $1,040 (leased)
Unit 4 - 2 beds/1 bath/ 790 sqft/ upper unit/ $2,300 (vacant)
Unit 5 - 1 beds/1 bath/ 440 sqft/ upper unit/ $1,900 (leased)
PROPERTY FACTS
| Price Per Unit | $261,782 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 12.25% | Building Size | 8,000 SF |
| No. Units | 5 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1962 |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | LAR2 - Multiple Residential | ||
| Price Per Unit | $261,782 CAD |
| Sale Type | Investment |
| Cap Rate | 12.25% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1962 |
| Opportunity Zone |
Yes |
| Zoning | LAR2 - Multiple Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 3 | - | - |
PROPERTY TAXES
| Parcel Number | 5108-005-018 | Improvements Assessment | $476,493 CAD |
| Land Assessment | $635,325 CAD | Total Assessment | $1,111,818 CAD |
PROPERTY TAXES
Parcel Number
5108-005-018
Land Assessment
$635,325 CAD
Improvements Assessment
$476,493 CAD
Total Assessment
$1,111,818 CAD
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