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1905 W 48th St
Los Angeles, CA 90062
1905 W 48th St, Los Angeles, CA 90062 · Retail Property For Sale
Property Facts
Property Type
Retail
Property Subtype
Building Size
5,114 SF
Building Class
C
Year Built/Renovated
1909/2018
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.14 AC
Zoning
C2 - C2-1L (General Commercial Zone) according to L.A. Planning Dept. use - Retail, R4 residential, limited manufacturing, church, schools, Planning Dept
Parking
2 Spaces (0.39 Spaces per 1,000 SF Leased)
Frontage
130’ on West 48th Street
About 1905 W 48TH ST , LOS ANGELES, CA 90062
Value-add opportunity in South Los Angeles only one mile from the University of Southern California, USC. There is a huge upside for an investor that understands the value-add opportunity. This is 6 unit, mixed-use? retail and apartment property, featuring 17% occupancy (1 out of 6 units occupied) on the ground floor and 83% occupancy o?n the units upstairs, with ground floor units under rent. The parcel itself is a great size with 130 feet of frontage on 48th street, and identical neighboring parcels with the same zoning have built out 20 apartment units. This is a clean area on the path to progress, very close to USC and West Adams. There was a brand new roof added in March 2018. Call me for tours.
Property Taxes
| Parcel Number | 5015-014-026 | Improvements Assessment | $247,095 |
| Land Assessment | $936,360 | Total Assessment | $1,183,455 |
Property Taxes
Parcel Number
5015-014-026
Land Assessment
$936,360
Improvements Assessment
$247,095
Total Assessment
$1,183,455
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