1321 E 48th St | Los Angeles, CA 90011
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- LoopNet Team
1321 E 48th St
Los Angeles, CA 90011
Multifamily Property For Sale
·
5 Units
Investment Highlights
- Cash cow 4-unit turnkey property with 4/4 units vacant.
- Stabilizes at 13.31% Cap rate and 6.09 GRM once ADUs are built and units are rented for market
- Minutes from new development in Downtown LA, USC and neighboring areas
- Recent updates include, new copper plumbing, new electrical and units recently renovated
- Unit mix of (1) 2Bed+1Bath and (3) 1Bed+1Bath units
Property Facts
| No. Units | 5 | Lot Size | 0.11 AC |
| Property Type | Multifamily | Building Size | 2,292 SF |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Low-Rise | Year Built | 1922 |
| Building Class | B | Parking Ratio | 4.8/1,000 SF |
| Zoning | LAR2 - Limited Residential | ||
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.11 AC |
| Building Size | 2,292 SF |
| No. Stories | 1 |
| Year Built | 1922 |
| Parking Ratio | 4.8/1,000 SF |
| Zoning | LAR2 - Limited Residential |
Amenities
Unit Amenities
- Air Conditioning
- Fireplace
- Refrigerator
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 1 | $2,600 | - |
| 1+1 | 4 | $2,200 | - |
Property Taxes
| Parcel Number | 5107-014-021 | Improvements Assessment | $343,000 |
| Land Assessment | $597,000 | Total Assessment | $940,000 |
Property Taxes
Parcel Number
5107-014-021
Land Assessment
$597,000
Improvements Assessment
$343,000
Total Assessment
$940,000
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