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701 W 48th St
Los Angeles, CA 90037
701 W 48th Street · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.16 AC |
| Property Type | Multifamily | Building Size | 9,026 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.89/1,000 SF |
| Zoning | LARD1.5 | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 9,026 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.89/1,000 SF |
| Zoning | LARD1.5 |
About 701 W 48TH ST , LOS ANGELES, CA 90037
Sitting on 6,792 square feet of land zoned LARD1.5, 701 West 48th Street was built in 1923 and consists of four 1 bed/1 bath units with an average size of 1,068 square feet. This property will be delivered two vacant units that will allow an investor to immediately remodel and achieve market rents. Due to the current layout of the existing upstairs units in this building, there might an opportunity to add an additional bedroom and to convert two of the units to 2 bed/1 bath units. Buyer will have to verify with the Department of Building and Safety and the Housing Department to confirm if this will be possible.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | 1,068 |
| 2+1 | 4 | - | 1,189 |
Property Taxes
| Parcel Number | 5018-026-007 | Improvements Assessment | $218,727 |
| Land Assessment | $732,740 | Total Assessment | $951,467 |
Property Taxes
Parcel Number
5018-026-007
Land Assessment
$732,740
Improvements Assessment
$218,727
Total Assessment
$951,467
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