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Multifamily

49th.483

483 E 49th St, Los Angeles, CA 90011

Listing Price: $825,000

Cap Rate
6.42%
Number of Units
5
GRM
9.31
Price/Unit
$165,000
Price/Gross SF
$254.00
Gross SF
3,248

Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present a five-unit multifamily investment opportunity at 483 E 49th St in the South Park neighborhood of Los Angeles, located between Avalon Blvd & San Pedro St and just north of the South Park Recreation Center
• The property features two structures, a fourplex made up of two one-bedrooms and two two-bedrooms and a three-bedroom ADU at the rear of the property that was constructed in 2022
• There are ten parking spaces; gas and electricity are separately metered
• The property is REO Lender owned and is being offered at a 6.03% CAP rate and 9.59 GRM on current income with additional rental upside of 56% achievable as units turn
• The ADU totals 808 SF with an open layout between the kitchen and living rooms; the master bedroom has an ensuite bathroom; features include vinyl plank flooring, new appliances, recessed lighting and new cabinetry
• Units within the fourplex are well-maintained with original finishes, but can be further enhanced when unit turnover occurs with new flooring, paint, appliances, lighting enhancements and updated kitchens and bathrooms to achieve market rents
• Located in a dense, infill location of South Los Angeles with an easy commute to Downtown and Vernon; walking distance to multiple Metro local lines on Avalon Blvd and 1.4 miles from the Metro A Rail Line

Investment Highlights

  • A 5-unit multifamily investment opportunity at 483 E 49th St in the South Park neighborhood of Los Angeles, located between Avalon Blvd & San Pedro St and just north of the South Park Rec Center.
  • The property features two structures, a fourplex made up of two one-bedrooms and two two-bedrooms and a three-bedroom ADU at the rear of the property that was constructed in 2022
  • There are ten parking spaces; gas and electricity are separately metered

Exclusively Listed By

Financing By

Listing Price: $825,000

Cap Rate
6.42%
Number of Units
5
GRM
9.31
Price/Unit
$165,000
Price/Gross SF
$254.00
Gross SF
3,248

Investment Highlights

  • A 5-unit multifamily investment opportunity at 483 E 49th St in the South Park neighborhood of Los Angeles, located between Avalon Blvd & San Pedro St and just north of the South Park Rec Center.
  • The property features two structures, a fourplex made up of two one-bedrooms and two two-bedrooms and a three-bedroom ADU at the rear of the property that was constructed in 2022
  • There are ten parking spaces; gas and electricity are separately metered

Investment Overview

• The Neema Group of Marcus & Millichap is pleased to present a five-unit multifamily investment opportunity at 483 E 49th St in the South Park neighborhood of Los Angeles, located between Avalon Blvd & San Pedro St and just north of the South Park Recreation Center • The property features two structures, a fourplex made up of two one-bedrooms and two two-bedrooms and a three-bedroom ADU at the rear of the property that was constructed in 2022 • There are ten parking spaces; gas and electricity are separately metered • The property is REO Lender owned and is being offered at a 6.03% CAP rate and 9.59 GRM on current income with additional rental upside of 56% achievable as units turn • The ADU totals 808 SF with an open layout between the kitchen and living rooms; the master bedroom has an ensuite bathroom; features include vinyl plank flooring, new appliances, recessed lighting and new cabinetry • Units within the fourplex are well-maintained with original finishes, but can be further enhanced when unit turnover occurs with new flooring, paint, appliances, lighting enhancements and updated kitchens and bathrooms to achieve market rents • Located in a dense, infill location of South Los Angeles with an easy commute to Downtown and Vernon; walking distance to multiple Metro local lines on Avalon Blvd and 1.4 miles from the Metro A Rail Line

Exclusively Listed By

Financing By

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