1321 E 48Th Street

Los Angeles, CA 90011

PRICE REDUCED

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-$6,000 (-0.63%)

$939,000

List Price

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1922

calendar_month Built

Property Description

4-unit turn-key property with 3/4 units that will be delivered vacant and rent ready. Updated electrical and new copper plumbing. The building features one 2-bed/1-bath unit and three 1-bed/1-bath units, with 3 of the 4 units currently renovated, 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 7.23% to an impressive 13.86%, 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!

Listing Information

List Price $939,000
Status Active
MLS SB24219241
Type Residential Income
Subtype Quadruplex
Year Built 1922
Lot Size 4,989
Structure Size N/A
DOM 26
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent Aaron Jacobson DRE#02100737
Co-Listing Agent Cameron Samimi DRE#02035763

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: Aaron Jacobson, Cameron Samimi, Lyon Stahl Investment Real Estate, Inc. 310-729-1559. *Based on information from the Association of REALTORS/Multiple Listing as of Nov 18th, 2024 at 11:23 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.