1321 E 48th Street, Los Angeles, CA 90011
Fourplex
Sold February 2025
Listing Agent: Aaron Jacobson (DRE #02100737) · Listing Office: Lyon Stahl Investment Real Estate, Inc. · Contact: 310-729-1559 · Bought with: General NONMEMBER · NONMEMBER MRML · MLS #SB25003293 · Source: CRMLS
About this fourplex
4-Unit Turnkey property to be delivered FULLY VACANT by close of escrow. Updated electrical and new copper plumbing. The building features one 2- bed/1-bath unit and three 1-bed/1-bath units, with all 4 units delivered vacant, offering a prime opportunity for an investor or owner-occupier. 4 uncovered parking spaces in the rear can be converted to two stacked ADUs. With this addition, the cap rate jumps from an already attractive 8.26% to an impressive 13.31%, offering substantial returns. For investors, this is a cash cow with the ability to stabilize and generate significant cash flow. For owner-users, it’s a perfect opportunity to occupy one unit, have two units cover your mortgage, and enjoy pure profit from the fourth unit. Don’t miss this rare chance to maximize value in a sought-after area!
Listing description from the February 2025 sale, as reported to CRMLS.
Sale history