1732 W 48th St - Apartments FOR SALE


Los Angeles, CA 90062- South Central LA
$1,225,000 USD
310-729-1559
1732 W 48th St, Los Angeles, CA for Sale
$1,225,000 USD
Apartments - FOR SALE
1/26
null | 5.31% Cap Rate

1732 W 48th St
Los Angeles, CA 90062
South Central LA


HIGHLIGHTS

  • The property sits on a spacious lot at over 7,500 SF and comprises of (4) 2 Bed/1 Bath units
  • Desirable units, all measuring at 1,290 square feet
  • It offers a going-in cap rate of 5.72% and 12.05 GRM
  • Conveniently located in South Los Angeles, the property is surrounded by restaurants, shopping centers, and major metropolitan hubs

OVERVIEW

1732 W 48th St is a well-maintained fourplex located in one of the quickly growing subpockets of Los Angeles. This 5,162 SF 4 Unit property is situated on an expansive 7,502 SF lot, offering tons of development potential and very strong immediate cash flow. This asset is ideal for any owner/user or investor looking for a positive cash flowing asset in a thriving neighborhood. Priced at 237/SF, this asset is one of the lowest $/SF properties in the area with 31% in Rental Upside. A majority of the units have been renovated and it is a very low maintenance building. All units have their own tankless water heaters, trash bins and have newer plumbing, electric and roofs. All (4) 2-Bed/1- Bath are massive and are an average of 1290 SF each. 1732 W 48th St is located just minutes from USC, Downtown LA, Gilbert Lindsay Park, Exposition Park, Lucas Museum, Art's District, The Reef, BMO Stadium, LA Live and billions of dollars worth of development pouring into the neighborhood.

FOR SALE DETAILS

PRICE

$1,225,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

4

PRICE/UNIT

$306,250

CAP RATE

5.31%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

R2

APN/PARCEL ID

5016-025-010

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

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Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.