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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 995,000
Est. payment /mo
Active
1321 East 48th Street Los Angeles, CA 90011
2,292 SqFt
UPDATED:
01/08/2025 03:42 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,292 sqft
Price per Sqft $434
MLS Listing ID SB-25003293
Year Built 1922
Lot Size 4,989 Sqft
Property Description
4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow. Updated electrical and new copper plumbing. The building features one 2- bed/1-bath unit and three 1-bed/1-bath units, with all 4 units delivered vacant, 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 8.26% to an impressive 13.31%, 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
Zoning LAR2
Interior
Laundry None
Exterior
Parking Features Gated
Pool None
Community Features Biking, Dog Park, Park, Sidewalks, Street Lights
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer