Introducing 3101 W 48th St, Los Angeles, CA a well-kept two-story, 8-unit multifamily property located in the heart of Los Angeles. Built in 1952, the building offers 5,248 square feet of rentable space situated on a [lot size confirm once available].The unit mix features (8) one-bedroom, one-bath units,… Read More supported by four on-site parking spaces. The property has been well-maintained and provides steady tenant demand in a supply-constrained rental market.Offered at $1,450,000, this opportunity represents attractive fundamentals: a 6.15% CAP rate, 10.19 GRM, and $142,255 in annual income. The pricing also equates to $276.30 per square foot and approximately $181,250 per unit, offering both strong current yield and future rental upside potential. Read Less
Property listed by LAR Realty, Inc., Luis Ruiz 323-223-3881
Listing Snapshot
Days Online
167
Last Updated
Property Type
Other
Beds
9
Square Ft.
5,248
Lot Size
0.18 Acres
Year Built
1952
MLS Number
25540969
30 Days Snapshot Of 90043
$886k
-10%
(avg) sold price
17
-32%
homes sold
77
-28%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1952, Building area total: 5,248, Levels: Two, Living area: 5248, 2 stories, 1 building
Cooling
None
Heating
WallFurnace
Income
Gross income: $142,255, Net operating income: $89,149
Lot
0.1778 acres, 7,746 square feet, Size: 7,746
Parking
4 totals parking, Gated
Property
Zoning: LAR3
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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