See all 7 photos

$945,000

Est. payment - /mo

Save

2,292 SqFt

New

1321 E 48th ST Los Angeles, CA 90011

Save

In-PersonVirtual Tour

Nathan King Real Estate Group

info@kingrealestate.group +1(559) 396-0000

UPDATED:

10/26/2024 08:55 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,292 sqft

Price per Sqft $412

MLS Listing ID SB24219241

HOA Y/N No

Year Built 1922

Lot Size 4,987 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
7.02% 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

Area C42 - Downtown L.A.

Zoning LAR2

Rooms

Ensuite Laundry Electric Dryer Hookup, Gas Dryer Hookup

Interior

Laundry Location Electric Dryer Hookup,Gas Dryer Hookup

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Biking, Park, Street Lights, Sidewalks, Urban

Total Parking Spaces 4

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5107014021

Acceptable Financing Cash, Cash to New Loan, Conventional, FHA

Listing Terms Cash, Cash to New Loan, Conventional, FHA

Special Listing Condition Standard

Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc. • 310-729-1559

Get More Information

Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

Quick Search