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1321 E 48th St
Los Angeles, CA 90011 Central Alameda

$945,000 USD

Apartments For Sale  •  2,292 SF

Property Details

  • Property Type Apartments
  • Total Building Size 2,292 SF
  • Lot Size 0.11 AC
  • Building Class B
  • Year Built 1922
  • Zoning LAR2
60 Transit Score
78 Walk Score

Highlights

Cash cow 4-unit turnkey property with 3/4 units vacant.
Stabilizes at 14.07% Cap rate and 5.79 GRM once ADUs are built and units are rented for market.
Unit mix of (1) 2Bed+1Bath and (3) 1Bed+1Bath units.
Priced at only $237k/unit.
Minutes from new development in Downtown LA, USC and neighboring areas.

Property Flyers

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Courtyard
  • Fenced Lot
  • Fireplace
  • Refrigerator
  • Tub/Shower
  • Freezer
  • Walk-Up

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 10 min - 4.5 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 12 min - 4.9 mi
Transit/SubwayDriveWalkDistance
Vernon Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 1 min 15 min 0.8 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 12.1 mi
Long Beach (Daugherty Field) 28 min - 20.3 mi
Bob Hope 30 min - 21.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 11
Type: Surface
Included in Rent: Yes
Aaron Jacobson 310-729-1559 Lyon Stahl Investment Real Estate
Aaron Jacobson 310-729-1559 Lyon Stahl Investment Real Estate