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$ 830,000
Est. payment | /mo
3,186 SqFt
$ 830,000
Est. payment | /mo
3,186 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,186 sqft
Price per Sqft $260
MLS Listing ID CL26876861
HOA Y/N No
Year Built 1949
Lot Size 6,557 Sqft
Acres 0.1505
Property Sub-Type Other
Property Description
We are pleased to present the opportunity to acquire 1401 E 46th St, an attractive six-unit multifamily property located in the Central-Alameda neighborhood of South Los Angeles. Situated on a corner lot, the property consists of approximately 3,186 SF of building area on a 6,557 SF lot and is zoned LAR2, providing an attractive combination of existing income and long-term upside.Originally constructed in 1949, the property features a diverse unit mix consisting of two studios, three 2-bedroom/1-bath units, and one 3-bedroom/2-bath unit, including one 2-bedroom unit to be delivered vacantproviding an incoming owner with immediate flexibility to lease, renovate, or occupy the unit. The property also offers approximately five to six open-air parking spaces and gated access, providing valuable amenities for tenants.Residents benefit from individually metered gas and electricity, allowing the owner to minimize utility expenses and place greater responsibility for consumption directly on tenants. The property offers approximately 33% rental upside, providing an investor with a compelling opportunity to increase income through the lease-up and repositioning of the property.Located just one block south of Vernon Ave, one block west of Compton Ave, and only one block from the Metro A Line, the property benefits from excellent access to public transportation, major employment centers, educational institutions, and neighborhood amenities, providing strong connectivity throughout Los Angeles. The property is also conveniently located next door to Ascot Elementary School and near USC, BMO Stadium, Exposition Park, the Los Angeles Memorial Coliseum, and the Lucas Museum of Narrative Art.
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Heating Wall Furnace
Fireplace No
Building
New Construction No
Others
Tax ID 5107005018
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Listed by Sevak Keshishian • Marcus & Millichap
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