Los Angeles, CA 90011,1321 E 48th Street
Los Angeles, CA 90011,1321 E 48th Street
Los Angeles, CA 90011,1321 E 48th Street
Los Angeles, CA 90011,1321 E 48th Street
Los Angeles, CA 90011,1321 E 48th Street
Los Angeles, CA 90011,1321 E 48th Street
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$995,000

$995,000

Est.Price: ?

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Est. payment /mo

5 Beds

2,292 SqFt


SOLD DATE : 02/26/2025

Key Details

Sold Price $995,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,292 sqft

Price per Sqft $434

MLS Listing ID CRSB25003293

Sold Date 02/26/25

Bedrooms 5

HOA Y/N No

Year Built 1922

Lot Size 4,989 Sqft

Acres 0.11

Property Sub-Type Quadruplex

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

Fireplace No

Laundry No Hookups

Exterior

Exterior Feature Other

Total Parking Spaces 4

Building

New Construction No

Others

Tax ID 5107014021

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Bridge MLS
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
Bought with GeneralNonmember
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(925) 565-8336

nicole@nicolealexishomes.com

39899 Balentine Dr. Suite 200, Newark Ca. 94560

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