Introducing a charming 5-unit property ideal for both investors and owner users. The property includes a beautifully remodeled modern 3-bedroom, 1-bathroom unit in the rear, perfect for larger families or those needing extra space. The front building features four spacious 2-bedroom, 1-bathroom units, perfect for small families or professionals looking for comfortable living. Each of these units boasts an open floor plan, ample natural light, and modern amenities, making them inviting and functional. Two of these units have been recently renovated. There is tremendous 97% rental upside if you take advantage of converting the 5 garages in the rear to two ADU units and renovating the two remaining units! The property is conveniently located near USC, parks, and shopping centers, enhancing its appeal. With a strong rental history and potential for increased income, this property presents a fantastic investment opportunity. Don’t miss your chance to own this versatile and lucrative asset!
Property Details
Price:
$1,099,999
MLS #:
DW25044890
Status:
Active
Baths:
0
Address:
1148 E 48th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 28, 2025
State:
CA
ZIP:
90011
Lot Size:
6,816 sqft / 0.16 acres (approx)
Year Built:
1913
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Schools
Interior
Exterior
Community Features
Biking, Curbs, Sidewalks, Storm Drains, Street Lights, Suburban, Urban
Garage Spaces
5.00
Lot Features
Level with Street
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1148 E 48th Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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1148 E 48th Street
Los Angeles, CA
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