1148 E 48th ST new

Los Angeles,CA 90011

$ 1099995

- Bed

- Bath

4082 SqFt


Key Details

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,082 sqft

Price per Sqft $269

MLS Listing ID DW24221573

HOA Y/N No

Year Built 1913

Lot Size 6,812 Sqft

Property Description

Introducing a charming 5-unit property ideal for both investors and owner users.
The property includes a beautifully remodeled modern 3-bedroom, 1-bathroom unit in the rear, perfect for larger families or those needing extra space. This unit would also be perfect for an owner-user looking to live in this unit and rent out the remaining units to pay off their loan and all expenses!
The front building features four spacious 2-bedroom, 1-bathroom units, perfect for small families or professionals looking for comfortable living. Each of these units boasts an open floor plan, ample natural light, and modern amenities, making them inviting and functional. Two of these units have been recently renovated.
There is tremendous 97% rental upside if you take advantage of converting the 5 garages in the rear to two ADU units and renovating the two remaining units!
The property is conveniently located near USC, parks, and shopping centers, enhancing its appeal. With a strong rental history and potential for increased income, this property presents a fantastic investment opportunity. Don't miss your chance to own this versatile and lucrative asset!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Rooms

Ensuite Laundry Laundry Room

Interior

Laundry Location Laundry Room

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs,Park,Street Lights,Suburban,Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 2

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5107019013

Acceptable Financing Conventional

Listing Terms Conventional

Special Listing Condition Standard

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