1321 E 48th ST Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90011
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB24219241
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
Interior
Laundry Electric Dryer Hookup,Gas Dryer Hookup
Exterior
Pool None
Community Features Biking,Park,Street Lights,Sidewalks,Urban
Building
Lot Description 0-1 Unit/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,FHA
Listing Terms Cash,Cash to New Loan,Conventional,FHA
Special Listing Condition Standard