Los Angeles, CA 90011,1321 East 48th Street
Los Angeles, CA 90011,1321 East 48th Street
Los Angeles, CA 90011,1321 East 48th Street
9
Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$995,000
$995,000
Est.Price: ?

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2,292 SqFt

1321 East 48th Street Los Angeles, CA 90011

Est. payment /mo
SOLD DATE : 02/26/2025

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Key Details

Sold Price $995,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 2,292 sqft

Price per Sqft $434

MLS Listing ID SB-25003293

Sold Date 02/26/25

Year Built 1922

Lot Size 4,989 Sqft

Property Sub-Type Quadruplex

Property Description

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!

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR2

Interior

Laundry None

Exterior

Parking Features Gated

Pool None

Community Features Biking, Dog Park, Park, Sidewalks, Street Lights

Building

Lot Description 0-1 Unit/Acre

Sewer Public Sewer

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agent

Camille Marsh

Broker Associate | License ID: 01277020

+1(805) 387-2350

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