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$ 1,550,000
Est. payment /mo
Active
536 W 48th Street Los Angeles, CA 90037
4,592 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 4,592 sqft
Price per Sqft $337
MLS Listing ID CL26938421
HOA Y/N No
Year Built 1925
Lot Size 6,796 Sqft
Acres 0.156
Property Sub-Type Other
Property Description
Equity Union Commercial is pleased to present an Exceptional 10-Unit Value-Add Opportunity in South Los Angeles boasting a 6.6% Cap Rate with significant rental upside potential. Located at 536 W. 48th Street, this charming 1925 Spanish-style courtyard apartment community consists of 10 units (8 one-bedroom/one-bath units and 2 studio units). The property has undergone significant improvements, including a new roof, copper plumbing throughout, fresh exterior paint, and renovations to 7 of the 10 units. Tenants benefit from separately metered gas and electricity, while city-provided trash service helps minimize operating expenses. Investors will appreciate the strong in-place cash flow combined with substantial upside potential, as current rents are estimated to be approximately 22% below market. The property's layout features a gated courtyard setting with dual front and rear access for each unit, creating an attractive living environment for tenants. Ideally situated near USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, the California Science Center, major retail corridors, and convenient access to the 110 Freeway, the location offers a deep and stable renter pool. This is a rare opportunity to acquire a well-maintained multifamily asset with proven operational improvements, rental upside, and long-term growth potential in one of Los Angeles' most active rental markets.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Building
Lot Description Other, Front Yard
New Construction No
Others
Tax ID 5018025009
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Listed by Joshua Yeager • Equity Union