22
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$2,050,000
Est. payment /mo
10 Beds
13 Baths
10,990 SqFt
Active
1645 W 48th ST Los Angeles, CA 90062
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 10,990 sqft
Price per Sqft $186
MLS Listing ID 26685067
Bedrooms 10
HOA Y/N No
Year Built 1912
Lot Size 5,850 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Heating Natural Gas
Cooling None
Fireplaces Type Bath, Kitchen, Living Room
Fireplace Yes
Appliance Disposal, Microwave, Refrigerator
Exterior
Parking Features None
Building
Story 2
Entry Level Two,Multi/Split
Level or Stories Two, Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5016017006
Special Listing Condition Standard
Listed by Benjamin Lee Lyon Stahl Investment Real Estate, Inc. #02123715
NEARBY SCHOOL & BUSINESS
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