1321 E 48th St
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1321 E 48th St
5 Unit Apartment Building $995,000 ($199,000/Unit) 8.26% Cap Rate Los Angeles, CA 90011
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
Executive Summary
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!
Property Facts
| Price | $995,000 | Apartment Style | Low Rise |
| Price Per Unit | $199,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 8.26% | Building Size | 2,292 SF |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1922 |
| Property Subtype | Apartment | Parking Ratio | 4.8/1,000 SF |
| Price | $995,000 |
| Price Per Unit | $199,000 |
| Sale Type | Investment |
| Cap Rate | 8.26% |
| 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 |
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 | - |
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Walk Score®
Very Walkable (78)
Bike Score®
Very Bikeable (73)
PROPERTY TAXES
| Parcel Number | 5107-014-021 | Improvements Assessment | $239,292 |
| Land Assessment | $520,200 | Total Assessment | $759,492 |
PROPERTY TAXES
Parcel Number
5107-014-021
Land Assessment
$520,200
Improvements Assessment
$239,292
Total Assessment
$759,492
zoning
| Zoning Code | LAR2 (Limited Residential) |
| LAR2 (Limited Residential) |
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1321 E 48th St
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