Contact Xavier Gomez
Contacting Xavier Gomez
  • All fields are required.
Schedule A Showing
Schedule a Showing.
  • All fields are required.
Check this box to Register with us:
1645 48th Street, Los Angeles, CA 90062
Priced at Only: $2,050,000
For more Information Call
Address: 1645 48th Street, Los Angeles, CA 90062
Request More Information
  • All fields are required.
  • MLS#: 26685067 ( )
  • Street Address: 1645 48th Street
  • Viewed: 2
  • Price: $2,050,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1912
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90062
  • Provided by: Lyon Stahl Investment Real Estate, Inc.
  • Contact: Benjamin Benjamin
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
Features
Appliances
  1. Disposal
  2. Microwave
  3. Refrigerator
Building Area Total
  1. 10990.00
Cooling
  1. None
Country
  1. US
Fireplace Features
  1. Kitchen
  2. Living Room
  3. Bath
Heating
  1. Natural Gas
Levels
  1. Multi/Split
  2. Two
Netoperatingincome
  1. 137849.00
Parcel Number
  1. 5016017006
Parking Features
  1. None
Postalcodeplus4
  1. 2308
Sourcesystemkey
  1. 26685067:CLAW
Totalexpenses
  1. 109619.00
Vacancyallowance
  1. 13025
Year Built
  1. 1912
Zoning
  1. LAC2
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
Request More Information
  • All fields are required.