We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-month commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA submarket. A majority of units have been updated with stainless steel appliances, wood-style flooring, and refreshed bathrooms, reducing near-term CapEx on a portion of the portfolio while presenting clear value-add opportunity on the remaining units.1645 W 48th Street may also qualify for accelerated depreciation benefits under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize available tax advantages. A rare combination of immediate yield, irreplaceable corner positioning, and significant upside to market rents, 1645 W 48th Street delivers durable cash flow today with meaningful long-term appreciation potential.
Property Details
Price:
$2,050,000
MLS #:
26685067
Status:
Active
Beds:
10
Baths:
13
Type:
Single Family
Neighborhood:
c34losangelessouthwest
Listed Date:
Apr 8, 2026
Finished Sq Ft:
10,990
Total Sq Ft:
10,990
Lot Size:
5,851 sqft / 0.13 acres (approx)
Year Built:
1912
See this Listing
Schools
Interior
Appliances
GD, MW, RF
Cooling
NO
Heating
GAS
Levels
U, S
Exterior
Financial
Map
Community
- Address1645 W 48th ST Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90062
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Apr 11, 2026
8,026
Single Family Listed
85
Avg DOM
512
Avg $ / SqFt
$1,525,264
Avg List Price
Property Summary
- 1645 W 48th ST Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90062. It is listed for $2,050,000 and features 10 beds, 13 baths, and has approximately 10,990 square feet of living space, and was originally constructed in 1912. The current price per square foot is $187. The average price per square foot for Single Family listings in Los Angeles is $512. The average listing price for Single Family in Los Angeles is $1,525,264.
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