1321 E 48th St - Apartments FOR SALE


Los Angeles, CA 90011
$995,000 USD
310-729-1559
1321 E 48th St, Los Angeles, CA for Sale
$995,000 USD
Apartments - FOR SALE
1/6
null | 8.26% Cap Rate

1321 E 48th St
Los Angeles, CA 90011


HIGHLIGHTS

  • Cash cow 4-unit turnkey property with 4/4 units vacant.
  • Recent updates include, new copper plumbing, new electrical and units recently renovated
  • Stabilizes at 13.31% Cap rate and 6.09 GRM once ADUs are built and units are rented for market
  • Unit mix of (1) 2Bed+1Bath and (3) 1Bed+1Bath units
  • Minutes from new development in Downtown LA, USC and neighboring areas

OVERVIEW

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!

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$434 USD /SF

# OF UNITS

5

PRICE/UNIT

$199,000

CAP RATE

8.26%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1922

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,960 SF

ZONING

LAR2

APN/PARCEL ID

5107-014-021

ASK ABOUT THIS PROPERTY

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Aaron JacobsonLyon Stahl Investment Real EstateMore Info
310-729-1559

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.