605 W 47th St
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
605 W 47th St
4 Unit Apartment Building $2,812,799 CAD ($703,200 CAD/Unit) 5.26% Cap Rate Los Angeles, CA 90037
Investment Highlights
- Near Coliseum
- Near USC University
Executive Summary
Discover a lucrative investment opportunity with this four-unit property, featuring market-rate rents and an appealing mix of classic and modern design. Behind
the gates, you'll find a beautifully renovated Spanish-style duplex in front and a newly constructed, modern duplex in the rear. All units are in excellent condition, with
upgrades that make them highly desirable for tenants. This property offers (2) 2-bedroom, 2-bath units, (1) 4-bedroom, 2-bath unit, and (1) 3-bedroom, 2-bath unit. Each
residence boasts an open floor plan with spacious kitchens and islands perfect for comfortable, modern living. Tenants will also benefit from ample parking options,
including garages, carports, and open spaces, ensuring convenience and ease. This property is located centrally and provides easy access to public transportation, major
freeways, USC University, Banc of California Stadium, Crypto.com Arena, and the vibrant Downtown Los Angeles scene. It's a prime opportunity for investors seeking
steady cash flow and appreciation potential
the gates, you'll find a beautifully renovated Spanish-style duplex in front and a newly constructed, modern duplex in the rear. All units are in excellent condition, with
upgrades that make them highly desirable for tenants. This property offers (2) 2-bedroom, 2-bath units, (1) 4-bedroom, 2-bath unit, and (1) 3-bedroom, 2-bath unit. Each
residence boasts an open floor plan with spacious kitchens and islands perfect for comfortable, modern living. Tenants will also benefit from ample parking options,
including garages, carports, and open spaces, ensuring convenience and ease. This property is located centrally and provides easy access to public transportation, major
freeways, USC University, Banc of California Stadium, Crypto.com Arena, and the vibrant Downtown Los Angeles scene. It's a prime opportunity for investors seeking
steady cash flow and appreciation potential
Financial Summary (Actual - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$190,708
|
$43.16
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$190,708
|
$43.16
|
| Taxes |
-
|
-
|
| Operating Expenses |
$42,894
|
$9.71
|
| Total Expenses |
$42,894
|
$9.71
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $190,708 |
| Annual Per SF | $43.16 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $190,708 |
| Annual Per SF | $43.16 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,894 |
| Annual Per SF | $9.71 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,894 |
| Annual Per SF | $9.71 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $2,812,799 CAD | Apartment Style | Low Rise |
| Price Per Unit | $703,200 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 5.26% | Building Size | 4,419 SF |
| Gross Rent Multiplier | 14.75 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1924/2021 |
| Property Subtype | Apartment | Parking Ratio | 1.81/1,000 SF |
| Price | $2,812,799 CAD |
| Price Per Unit | $703,200 CAD |
| Sale Type | Investment |
| Cap Rate | 5.26% |
| Gross Rent Multiplier | 14.75 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 4,419 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1924/2021 |
| Parking Ratio | 1.81/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | - | - |
| 3+2 | 1 | - | - |
| 2+2 | 2 | - | - |
1 of 1
Walk Score ®
Very Walkable (77)
Bike Score ®
Very Bikeable (80)
zoning
| Zoning Code | LARD2 (Multi-units) |
| LARD2 (Multi-units) |
-
Walter Castillo -
Coldwell Banker Commercial
1 of 12
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
605 W 47th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.