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1321 E 48th Street

Los Angeles, CA 90011

– beds
– baths
– sqft
4,989 sqft lot
1922 build
– on site

4-unit turn-key property with 3/4 units that will be delivered vacant and rent ready. Updated electrical and new copper plumbing. The building features one 2-bed/1-bath unit and three 1-bed/1-bath units, with 3 of the 4 units currently renovated, offering a prime opportunity for an investor or owner-occupier. 4 uncovered parking spaces in the rear can be converted to two stacked ADUs. With this addition, the cap rate jumps from an already attractive 7.23% to an impressive 13.86%, offering substantial returns. For investors, this is a cash cow with the ability to stabilize and generate significant cash flow. For owner-users, it’s a perfect opportunity to occupy one unit, have two units cover your mortgage, and enjoy pure profit from the fourth unit. Don’t miss this rare chance to maximize value in a sought-after area!

Listed By CRMLS_CA / Aaron Jacobson / Lyon Stahl Investment Real Estate, Inc. / 310-729-1559

Last checked: Checking… • Last updated Nov 18, 2024 •

MLS# SB24219241 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1922
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

2292.00
Building Area Units:

Square Feet
# of Buildings:

2
Total Number Of Units:

4
Stories Total:

1
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Entry Location:

Front
Laundry:

Gas & Electric Dryer Hookup
Laundry:

1

Location

Directions:

Off Hooper and Vernon
Latitude:

34.00047100
Longitude:

-118.25156000

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Zoning:

LAR2
Lot Features:

0-1 Unit/Acre
Lot Size Area:

4989.0000
Lot Size Acres:

0.1145
Lot Size SqFt:

4989.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

D
Tax Census Tract:

2287.20
Tax Tract:

1234
Tax Lot:

19

The Listing

Special Listing Conditions:

Standard
Parcel Number:

5107014021

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Biking, Park, Sidewalks, Street Lights, Urban
Pool:

None
Private Pool:

No

Parking

Parking Spaces:

4.00
Uncovered Spaces:

4.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
11/18/24 Nov 18, 2024	Price Changed	CRMLS_CA	$939,000	-0.6%
10/23/24 Oct 23, 2024	Listed / Active	CRMLS_CA	$945,000

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This multifamily located in South LA, Los Angeles, CA 90011 is currently for sale for $939,000. 1321 E 48th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 29 days. 1321 E 48th Street is in the South LA neighborhood of Los Angeles and has a WalkScore® of 78, making it very walkable. This multifamily is in the attendance area of Thomas Jefferson Senior High, Santee Education Complex, George Washington Carver Middle School, Ascot Avenue Elementary School, Nava College Preparatory Academy, and Dr Maya Angelou Community Senior High.

Listing Courtesy of: CRMLS_CA and Lyon Stahl Investment Real Estate, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 19:40 on Nov 21.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.