18
See all 18 photos
$1,350,000
Est. payment /mo
9 Beds
8 Baths
5,248 SqFt
New
3101 W 48th ST Los Angeles, CA 90043
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,248 sqft
Price per Sqft $257
MLS Listing ID 26849351
Bedrooms 9
HOA Y/N No
Year Built 1952
Lot Size 7,744 Sqft
Property Description
3101 W 48th Street is a well-maintained 8-unit multifamily property ideally positioned on a corner lot adjacent to the highly desirable Leimert Park neighborhood of Los Angeles. Built in 1952, the property represents an opportunity to acquire a centrally located asset with a stable unit mix and meaningful value-add upside in one of the city's most supply-constrained rental submarkets. The offering is priced at $168,750 per unit, reflecting a 6.63% cap rate and a 9.45 GRM. The property encompasses approximately 5,248 square feet of living space on a 7,746 SF lot and features a unit mix of (7) 1BR/1BA and (1) 2BR/1BA units. The sizable units average 656 square feet each, appealing to a broad renter profile. Many of the unit interiors have been updated over the years, offering a strong foundation for continued repositioning and incremental rent growth. Ownership has completed some capital improvements in recent years. The majority of the electrical sub panels have been updated, and the property is separately metered for both gas and electricity. The required CA state SB-721 balcony inspection has been completed and passed. New drought-friendly landscaping has also been refinished, reducing ongoing maintenance costs and improving curb appeal. The building also received brand new exterior paint (2026). The property offers gated parking with (6) secured single spaces, and a leased laundry machines generate supplemental income for the ownership. The corner lot configuration presents strong ADU potential (Buyer to Verify), providing a compelling avenue for future expansion and increased cash flow. Ideally situated in the vibrant Leimert Park submarket, 3101 W 48th Street benefits from strong and consistent rental demand driven by its central position within Los Angeles and convenient proximity to downtown Los Angeles, Inglewood, and Culver City, as well as access to major employment centers, retail, dining, and transportation corridors.
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Heating Wall Furnace
Cooling None
Fireplace No
Laundry Common Area
Exterior
Parking Features Uncovered
Total Parking Spaces 6
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5014003001
Special Listing Condition Standard
Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816
NEARBY SCHOOL & BUSINESS
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