1148 E 48th Street
Los Angeles, CA, 90011
$1,099,995
Beds
0 Baths
SqFt
0.16 Acres
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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. This unit would also be perfect for an owner-user looking to live in this unit and rent out the remaining units to pay off their loan and all expenses!
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:
$1,099,995
MLS #:
DW24221573
Status:
Active
Baths:
0
Address:
1148 E 48th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Oct 29, 2024
State:
CA
ZIP:
90011
Lot Size:
6,814 sqft / 0.16 acres (approx)
Year Built:
1913
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Interior

Exterior

Community Features
Curbs, Park, Sidewalks, Street Lights, Suburban
Garage Spaces
5.00
Lot Features
2-5 Units/ Acre
Parking Spots
5.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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1148 E 48th Street
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