$738,000

Growth Investment Group is proud to offer 315 W 47th street, an attractive investment opportunity conveniently located near Downtown Los Angeles. The property is a four unit apartment building comprised of three (3) 1bedroom+1bathroom units and one (1) 4bedroom+1bathroom unit with approximately 2,541 square feet. This opportunity is in a centralized area of Los Angeles with less than 3.5 miles from Downtown Los Angeles near University of Southern California (USC), Banc of California Stadium, Los Angeles Memorial Coliseum and Exposition Park. The site is surrounded by residential and multifamily residential communities. The area is comprised mostly of blue-collar hard working families with a historically low vacancy and high rental demand. The property has excellent street frontage, situated on 47th street in between Broadway and 110 FWY and a few blocks east of Figueroa Street. It provides easy access to the rest of the Greater Los Angeles area with close proximity to FWY’s 110, 10 & 105. Los Angeles has a diverse economy driven by international trade, entertainment, aerospace, technology, fashion, tourism, finance, telecommunications, healthcare, and more. In 2017, the greater L. A area was ranked as the third-largest economic metropolitan area in the world with $1.0 Trillion of gross metropolitan product; and is the largest manufacturing center in the United States.