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603 W 47th Street

Los Angeles (City), CA 90037
  • $2,300,000
  • STATUS: Active
  • ON SITE: 17 Days
  • ID#: 24356505
UPDATED: 44 min ago
$2,300,000
  • 11
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,429
    SQFT
  • $519
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Listing Agent(s): Walter Castillo of Coldwell Banker Realty (323-464-9272)


Description

Attention Investors and 1031 Exchangers: Profit-Generating Opportunity Awaits! Presenting a unique and lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T08:26:52.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
www.briannasellshomes.com/homes/147409678
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603 W 47th Street Los Angeles (City), CA 90037

  • Price: $2,300,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 44 min ago
  • ID#: 24356505
11
Beds
0
Baths
0
½ Baths
0.19
Acres
4,429
SQFT
$519
$/SQFT
1924
Built
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Attention Investors and 1031 Exchangers: Profit-Generating Opportunity Awaits! Presenting a unique and lucrative four-unit property with market rents, this charming combination of Spanish-style duplex and modern duplex behind the gates will impress. The front units have been completely renovated, while the remaining units are newly constructed, all boasting excellent condition and market-value rents. Parking is plentiful, offering a combination of garages, carports, and open parking spaces to accommodate tenants comfortably. Comprising (2) 2-bedroom, 2-bathroom units, (1) 4-bedroom, 2-bathroom unit, and (1) 3-bedroom, 2-bathroom unit, each residence features open layouts with spacious kitchens and islands, perfect for modern living. Centrally located near public transportation and local freeways, this property is within minutes of USC University, the New Banc of California Stadium, Crypto.com Arena, and vibrant DTLA. Whether you're a seasoned investor or new to the market, this is an exceptional opportunity not to be missed. Reach out today for more details and secure your investment in this highly sought-after property!
Exterior Features

Architectural Style Traditional Attached Garage YN Yes Carport YN Yes Open Parking Spaces 7 Parking Features Attached CarportAssignedDrivewayGated Parking Total 9 Pool Features None Pool Private YN No Spa Features None Spa YN No View None View YN No

Interior Features

Appliances Built-In Flooring Laminate Heating Wall Furnace Heating YN Yes

Property Features

Additional Parcels YN No Association YN No Buyer Financing CashConventionalCal Vet LoanFHAVA Cap Rate 5 Community Features Gated Disclosures Rent Control Garage YN Yes Gross Income 130800 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashConventionalCal Vet LoanFHA Net Operating Income 115858 New Construction YN No Possession Close Of Escrow Rent Control YN Yes Security Features Gated Community Senior Community YN No Sewer Other Special Listing Conditions Standard Tenant Pays ElectricityGas Vacancy Allowance Rate 0 Water Source Public Zoning LARD2



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-26T08:26:52.37. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Brianna Miller | Synergy Real Estate. Licensed in the State of California, USA.
 
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Brianna Miller | Synergy Real Estate
140 N. Harvard Avenue #341
Claremont CA, 91711
Listing Agent(s): Walter Castillo of Coldwell Banker Realty (323-464-9272)