1321 E 48th Street
Los Angeles, CA 90011
- 5 beds
- – baths
- 2,292 sqft
- 4,989 sqft lot
- $434 per sqft
- 1922 build
- – on site
4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow. Updated electrical and new copper plumbing. The building features one 2- bed/1-bath unit and three 1-bed/1-bath units, with all 4 units delivered vacant, 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 8.26% to an impressive 13.31%, 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!
Last checked:
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Last updated Jan 8, 2025
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MLS# CRSB25003293 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1922
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Building Area Units:Square Feet
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Building Area Total:2292
Room Dimensions
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Living Area:2292
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Living Area Units:Square Feet
Location
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Directions:Off Hooper and Vernon
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Other
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Parcel Number:5107014021
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Zoning:LAR2
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Lot Size Area:0.11
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Lot Size Acres:0.11
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Lot Size SqFt:4989
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Lot Size Units:Acres
Listing Agent
- Contact info:
- Agent phone:
- (310) 729-1559
Taxes
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Tax Tract:2287.20
Beds
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Bedrooms Total:5
The Listing
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Listing TermsConventional
Appliances
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Laundry Features:No Hookups
The Community
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Association:false
Parking
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Parking Total:4
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
1/7/25
Jan 7, 2025
|
Listed / Active | BRIDGE | $995,000 | |
|
11/18/24
Nov 18, 2024
|
Price Changed | BRIDGE | ||
|
10/23/24
Oct 23, 2024
|
Listed / Active | BRIDGE |
