1321 East 48th Street new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,292 sqft
Price per Sqft $409
MLS Listing ID SB-24219241
Year Built 1922
Lot Size 4,989 Sqft
Property Description
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!
Location
State CA
County Los Angeles
Zoning LAR2
Interior
Laundry Gas & Electric Dryer Hookup
Exterior
Garage Gated
Pool None
Community Features Biking,Park,Sidewalks,Street Lights,Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer