1321 E 48th Street, Los Angeles, California 90011, Los Angeles, - bed, bath

About this home
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!
Nearby schools
Price History
| Subject | Average Home | Neighbourhood Ranking (24 Listings) | |
|---|---|---|---|
| Beds | 0 | 0 | |
| Baths | 0 | 0 | |
| Square foot | 2,292 | 1,988 | 68% |
| Lot Size | 4,989 | 5,363 | 28% |
| Price | $995K | $710K | 88% |
| Price per square foot | $434 | $349 | 76% |
| Built year | 1922 | 1922 | 50% |
| HOA | |||
| Days on market | 302 | 167 | 92% |

