1435 E 48th Place, Los Angeles, CA 90011
Property · 2 recorded sales since 2022
Sold June 2023
Listing Agent: Benjamin Shamouelian (DRE #01703755) · Listing Office: Exclusive Realty Inc · Contact: 424-248-0224 · Bought with: Armen Arakelyan · HK Realty · MLS #23262461 · Source: CRMLS
About this property
This property has the highest current income return rate of any property that I have seen on the market or off market in Los Angeles County. Three Unit Residential Income Property 7.2% Cap.. Great Investment & also for 1031-Exchange. Great Cash Flow. $10,400 gross monthly rents received currently. Originally was a duplex 2304 sq.ft. total. Front unit is a single story home originally built 1906. Back building originally built in 2001 is two stories with two units. Sellers converted the 4 car garage in the lower back building to an appr. 730 sq.ft. 3 bedroom/2 bathroom brand new ADU permitted unit. Two separate buildings. Front building is a 3 bedroom/2 bath home receiving $3650 rent per month. Back building upper townhouse unit was built in 2001. It's a 4 bedroom/3 bathroom unit receiving $3850 rent per month. The ADU unit rent is $2900 per month. Owner has done renovations to existing units as well. Property will be delivered with tenants in place. Prime Location! Located on a residential tree lined street and less than 7 min. away from the new shopping center on Slauson Ave. and walking distance to the metro, public transportation. Central Alameda Neighborhood.
Listing description from the June 2023 sale, as reported to CRMLS.
Sale history
