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$939,000
5 bed
4 bath
0 Sqft
4,989 Sqft lot

1321 E 48th Street, Los Angeles, California 90011

  • Residential Income Property Type
  • 31 Days Time on market
  • 1922 Year Built
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!

Basic Details
Residential Income
Buy
SB24219241
$939,000
5
4
0 Sqft
1922
4,989 Sqft
Active
Quadruplex
Multi-family
Features
: Park, Sidewalks, Street Lights, Urban, Biking
4
$0
: Public Sewer
Address
CA
Los Angeles
Los Angeles
90011
1321 E 48th Street
1321
Street
0
W119° 44' 54.4''
N34° 0' 1.7''
E
Additional Information
31
1
1
: Electric Dryer Hookup, Gas Dryer Hookup
0
2,292 Sqft
1
0 Sqft
0 Sqft
0.11 Sqft
4,989 Sqft
1
: No Common Walls
0 Sqft
LAR2
5107014021
$0
$0
$0
$0
$0
$0
0 Sqft
1
0 Sqft
$0
1
23/10/2024 08:27:52
$945,000
: Standard
Cash,AllFinancingConsidered,Conventional,FHA
Off Hooper and Vernon
Lyon Stahl Investment Real Estate, Inc.
Aaron Jacobson
SB1310620
SBJACOAAR
$0
7.23
26
1
: Acreage
1
1
: Square Feet
: Community Apartment
yes
2
4
4
1
4
D
19
95232
US-06037-N-5107014021-R-N
Quadruplex
20/11/2024 10:31:33
48th
C42 - Downtown L.A.
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