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3101 W 48th St 8 Unit Apartment Building $1,475,000 ($184,375/Unit) 6.25% Cap Rate Los Angeles, CA 90043
Investment Highlights
- Eight-unit apartment building with strong in-place income and upside potential.
- Located in an Opportunity Zone, offering potential tax benefits for qualifying investors.
- Competitive pricing at $1,475,000 with a 6.25% cap rate and NOI of approximately $92,163.
- Current gross rents exceed $144,000 annually, with pro forma rents projected at $169,000+.
- Positioned near major transit corridors and redevelopment areas in South Los Angeles.
Executive Summary
Now available: an 8-unit apartment building at 3101 W. 48th Street in the heart of South Los Angeles. Priced at $1,525,000, this stabilized 1952 asset offers strong in-place income with $144K+ in current gross rent and room to grow to $169K+ under pro forma projections. With a down payment and a manageable loan basis, it’s a solid opportunity for both seasoned investors and buyers seeking a reliable 1031 exchange. Located near major transit and redevelopment zones, this property is poised for long-term appreciation. Whether you’re looking for a turn-key hold or a value-add reposition, this deal checks all the boxes: cash flow, location, and future growth. Contact Lu Ruiz at LAR Realty today - opportunities like this in LA’s evolving core don’t last.
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$144,655
|
$27.56
|
| Other Income |
$513
|
$0.10
|
| Vacancy Loss |
$2,903
|
$0.55
|
| Effective Gross Income |
$142,265
|
$27.11
|
| Taxes |
$19,062
|
$3.63
|
| Operating Expenses |
$31,040
|
$5.91
|
| Total Expenses |
$50,102
|
$9.55
|
| Net Operating Income |
$92,163
|
$17.56
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $144,655 |
| Annual Per SF | $27.56 |
| Other Income | |
|---|---|
| Annual | $513 |
| Annual Per SF | $0.10 |
| Vacancy Loss | |
|---|---|
| Annual | $2,903 |
| Annual Per SF | $0.55 |
| Effective Gross Income | |
|---|---|
| Annual | $142,265 |
| Annual Per SF | $27.11 |
| Taxes | |
|---|---|
| Annual | $19,062 |
| Annual Per SF | $3.63 |
| Operating Expenses | |
|---|---|
| Annual | $31,040 |
| Annual Per SF | $5.91 |
| Total Expenses | |
|---|---|
| Annual | $50,102 |
| Annual Per SF | $9.55 |
| Net Operating Income | |
|---|---|
| Annual | $92,163 |
| Annual Per SF | $17.56 |
Property Facts
| Price | $1,475,000 | Apartment Style | Low-Rise |
| Price Per Unit | $184,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.25% | Building Size | 5,248 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.54 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1952 |
| Property Type | Multifamily | Parking Ratio | 1.52/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $1,475,000 |
| Price Per Unit | $184,375 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.54 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,248 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5014-003-001 | Total Assessment | $1,095,006 (2025) |
| Land Assessment | $828,655 (2025) | Annual Taxes | $19,062 ($3.63/SF) |
| Improvements Assessment | $266,351 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5014-003-001
Land Assessment
$828,655 (2025)
Improvements Assessment
$266,351 (2025)
Total Assessment
$1,095,006 (2025)
Annual Taxes
$19,062 ($3.63/SF)
Tax Year
2024
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3101 W 48th St
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