Los Angeles, CA 90011,1321 E 48th Street
Los Angeles, CA 90011,1321 E 48th Street
Los Angeles, CA 90011,1321 E 48th Street
8
$995,000
$995,000
Est.Price: ?

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5 BD
4 BA
4,989 Sqft Lot

1321 E 48th Street Los Angeles, CA 90011

Est. payment /mo
SOLD DATE : 02/26/2025

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Key Details

Sold Price $995,000

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Sold

Purchase Type For Sale

MLS Listing ID SB25003293

Sold Date 02/26/25

Bedrooms 5

HOA Y/N No

Lot Size 4,989 Sqft

Property Sub-Type Res Income 2-4 Units

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, its a perfect opportunity to occupy one unit, have two units cover your mortgage, and enjoy pure profit from the fourth unit. Dont miss this rare chance to maximize value in a sought-after area!
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, its a perfect opportunity to occupy one unit, have two units cover your mortgage, and enjoy pure profit from the fourth unit. Dont miss this rare chance to maximize value in a sought-after area!

Location

State CA

County Los Angeles

Area Los Angeles (90011)

Zoning Assessor

Building

Lot Description Sidewalks

Story 1

Lot Size Range 4000-7499 SF

Others

Monthly Total Fees $35

Acceptable Financing Conventional, Exchange, FHA, Land Contract

Listing Terms Conventional, Exchange, FHA, Land Contract

Financing Conventional

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San Diego Regional MLS (SDMLS)
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
Bought with General NONMEMBER • NONMEMBER MRML

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agent

Alcy Garcia

BROKER | OWNER | License ID: 01890606

+1(442) 204-0928

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