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

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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)

PROPERTY FACTS

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

PROPERTY TAXES

Parcel Number
5108-005-018
Land Assessment
$635,325 CAD
Improvements Assessment
$476,493 CAD
Total Assessment
$1,111,818 CAD
  • Listing ID: 34097347

  • Date on Market: 2024-12-05

  • Last Updated:

  • Address: 643 E 47th St, Los Angeles, CA 90011

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