701 W 48TH Street, Los Angeles, CA 90037

About this property

Sitting on 6,792 square feet of land zoned LARD1.5, 701 West 48th Street was built in 1923 and consists of four 1 bed/1 bath units with an average size of 1,068 square feet. This property will be delivered two vacant units that will allow an investor to immediately remodel and achieve market rents. Due to the current layout of the existing upstairs units in this building, there might an opportunity to add an additional bedroom and to convert two of the units to 2 bed/1 bath units. Buyer will have to verify with the Department of Building and Safety and the Housing Department to confirm if this will be possible. 701 & 707 W 48th Street can be bought individually, with residential financing, or together as a portfolio.

Listing description from the October 2019 sale, as reported to CRMLS.

Sale history

$780,000

Sold October 2019 · listed $750,000, on market June 2019 · MLS #19480748 · Source: CRMLS

Listing Agent: Sevak Keshishian · Listing Office: Marcus & Millichap · Contact: 818-212-2700 · Bought with: Sevak Keshishian · Marcus & Millichap

$500,000

Sold May 2019 · listed $550,000, on market January 2019 · MLS #SB19005313 · Source: CRMLS

Listing Agent: Sharon Sanchez · Listing Office: Ace Home Realty Inc. · Contact: 310-353-5610 · Bought with: Sharon Sanchez · Ace Home Realty Inc.

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