154 E 47th St is a four-unit investment opportunity consisting of two structures in South Los Angeles located between S Main St and Wall St
The property features a unit mix of one one-bedroom, one two-bedroom, and two three-bedrooms with a gated entrance
All units have been renovated and rented recently, stable cash flow at a 7.39% CAP rate on current income at the asking price
One block from the Alliance Patti & Peter Neuwirth Leadership Academy and the Junipero Serra Branch Library
High Walk Score of 82, proximity to schools, employment, and transit options, this location makes it convenient for residents to commute to Downtown Los Angeles
South LA is a large region of Los Angeles made up of the neighborhoods south of Downtown L.A. This area is multi-culturally and economically diverse and offers residents a dense suburban feel in a historic market of Los Angeles. Residents can take advantage of the area’s many food and entertainment spaces within walking distance of the subject properties.
The more noteworthy news for the area is the great revitalization plan for South Los Angeles. For the first time in decades, major development projects are underway in South L.A. The most recently completed, an incredible state of the art NFL stadium in Inglewood – and it will be surrounded by a master-planned community made up of thousands of new homes and entertainment / dining options.
The development wave doesn’t stop there. New restaurants, grocery stores, and shops are in the pipeline for neighborhoods from West Adams to Watts. The Lucas Museum of Narrative Art, South L.A. Wetlands Park, Hollywood Park, Clipper’s Arena, and Magic Johnson Park are some more examples of developments currently underway.
With USC located nearby this is an excellent off-campus housing option for some USC students. Working professionals will also appreciate being less than four three miles from Downtown LA. Outdoor recreation is available within two miles from all properties.
At Exposition Park which features the Banc of California Stadium to the north, and Julian C. Dixon Park to the south. Solid retail and restaurant amenities are available across numerous surrounding commercial corridors such as Figueroa Street, which is accessible within short walking distance.
Situated in a solid South Los Angeles location.