136 48th Street

Los Angeles, CA 90037

$1,680,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $404 / sqft

2024

calendar_month Built

Property Description

NEW CONSTRUCTION COMPLETED in 2024, NON RENT CONTROL, ±5.50% CAP Rate! ALL UNITS VACANT, Numbers are Proforma! 136 W 48th Street, a newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption. It has a total of ±4,150 SF and is situated on a ±4,752 SF Lot. It offers superb curb appeal with modern finishings and townhouse style layout. These features would present an almost maintenance free asset for the next several years and minimum cost to operate on a NON-Rent Control building. All units have three levels with beautiful amenities, in-unit Washer-Dryer hookups, and a penthouse style master bedroom. The building consists of (3) 3 Bedrooms + 2.5 Bathrooms Units that are NOT UNDER Los Angeles Rent Stabilization Ordinance. Due to its recent construction, the three units are almost maintenance-free, considering the new roofs, plumbing, electrical, sewer lines, and amenities included. The property offers a large backyard with ample parking, including a 2-car garage. Buyers must do their due diligence regarding converting the garage into an ADU. Combining the strong CAP Rate of north of 5%, Non-Los Angeles Rent Stabilization Ordinance, and ease of maintenance, this offering is perfect for an experienced investor looking for solid & consistent cash flow with little to no maintenance. This property is in a high-density and in-demand area, providing rental growth for future vacancies. It is centrally located in a highly desirable location just minutes away from the home of LAFC, our city’s premier professional soccer team, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line.

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A
Flooring Information
Material Laminate, Vinyl
Fireplace Information
Features None
Interior Information
Features Balcony
Cooling Type Central Air

Listing Information

Address 136 48th Street
City Los Angeles
State CA
Zip 90037
County Los Angeles
Listing Agent Han Chen DRE#01749321
Co-Listing Agent Marc Schwartz DRE#01515007
Courtesy Of Growth Investment Group Pasade
MLS AR24061303
List Price $1,680,000
Status Active
Type Residential Income
Subtype Triplex
Structure Size N/A
Lot Size 4,752
Year Built 2024
DOM 19

Exterior Information

Maps

Listing information courtesy of: Han Chen, Marc Schwartz, Growth Investment Group Pasade . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 16th, 2024 at 3:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.