156 W 46th St
Los Angeles, CA 90037
- Multi-family building, 3 beds 3 baths, 5,585 sf, 5,804 sf lot
- Unit #1: 1 bed, 1 bath, $715/moUnit #2: 2 beds, 1 bath, $1070/moUnit #3: Studio, 1 bath, $587/mo
REDUCED! Well maintained 12 unit apartment building located just south of downtown Los Angeles and consisting of twostructures. Constructed of wood frame and stucco, the front building was built in 1928 and consists of 8 studios. The rear building was builtin the 1950's or '60's (Buyer to verify), and consists of one studio, one 1 bedroom 1 bath unit, and two 2 bedroom 1 bath units. The front building is separately metered for gas and electricity. The rear building has one gas meter and is separately metered for electricity. The property's plumbing has been 80-90% replaced with copper except for the main sewer line. Much of the electrical system has been upgraded as well. There is a one car garage on the lot. Rents are significantly lower than market. Situated in a location that consists of almost entirely single family residences but close to employment centers surrounding USC and downtown, this investment could be ideal for investors seeking rental upside with a stabilized asset.
Listed by Darin Spillman, Hudson Commercial Partners, Inc.CLAW #14812519APN: #5110007010
03/22/2013 Off Market$750,0005 years ago