We are excited to offer this 3 Unit income property for sale. Price was just reduced making the GRM 10.84 and the CAP is 5.99! It consists of all 2-bedroom units and is currently producing $8,069.00 per month. Two of the rents have been increased by $102, however Section 8 is still processing them and they are not reflected in the current rent. The building was constructed in 1908 and consists of 1,848 square feet. It sits on a 6,772 square foot lot, which is zoned LARD2. This investment is a great opportunity to produce long term cash flow and possible future development. Please make offers subject to inspection, as this will be shown with accepted offers only.
Property Details
Price:
$1,050,000
MLS #:
24472403
Status:
Active
Baths:
0
Address:
947 W 48th Street
Type:
Residential Income
Neighborhood:
c34losangelessouthwest
City:
Los Angeles
Listed Date:
Dec 14, 2024
State:
CA
ZIP:
90037
Lot Size:
6,772 sqft / 0.16 acres (approx)
Year Built:
1908
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Schools
Interior
Cooling
None
Heating
Wall Furnace
Exterior
Parking Features
None
Parking Spots
0.00
Security Features
Window Bars
Financial
Tenant Pays
Gas, Electricity
Map
Community
- Address947 W 48th Street Los Angeles CA
- AreaC34 – Los Angeles Southwest
- CityLos Angeles
- CountyLos Angeles
- Zip Code90037
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Courtesy of McAlpin & Company. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.947 W 48th Street
Los Angeles, CA
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