Los Angeles, CA 90011,1321 E 48th ST
Los Angeles, CA 90011,1321 E 48th ST
Los Angeles, CA 90011,1321 E 48th ST
9
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
Bought with General NONMEMBER
$995,000
$995,000
Est.Price: ?

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4,989 Sqft Lot

1321 E 48th ST 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 Fourplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CRSB25003293

Sold Date 02/26/25

Year Built 1922

Lot Size 4,989 Sqft

Property Sub-Type Fourplex

Source California Regional MLS

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

Area C42 - Downtown L.A.

Interior

Laundry None

Exterior

Garage Spaces 4.0

Pool None

Building

Water District - Public

Others

Tax ID 5107014021

Special Listing Condition Not Applicable

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agent

Epique Realty

Company | License ID: DRE01797917

+1(512) 387-0722

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