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1435 48th Place
Los Angeles, CA 90011
Sold
This property has the highest current income return rate of any property that I have seen on the market or off market in Los Angeles County. Three Unit Residential Income Property 7.2% Cap.. Great Investment & also for 1031-Exchange. Great Cash Flow. $10,400 gross monthly rents received currently. Originally was a duplex 2304 sq.ft. total. Front unit is a single story home originally built 1906. Back building originally built in 2001 is two stories with two units. Sellers converted the 4 car garage in the lower back building to an appr. 730 sq.ft. 3 bedroom/2 bathroom brand new ADU permitted unit. Two separate buildings. Front building is a 3 bedroom/2 bath home receiving $3650 rent per month. Back building upper townhouse unit was built in 2001. It's a 4 bedroom/3 bathroom unit receiving $3850 rent per month. The ADU unit rent is $2900 per month. Owner has done renovations to existing units as well. Property will be delivered with tenants in place. Prime Location! Located on a residential tree lined street and less than 7 min. away from the new shopping center on Slauson Ave. and walking distance to the metro, public transportation. Central Alameda Neighborhood.
PROPERTY INFORMATION
| MLS # | 23262461 | Lot Size | 5,000 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,299,000
Price Per SqFt: $ 428 |
DOM | 744 Days |
| Address | 1435 48th Place | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 3,034 Sq. Ft. |
| Postal Code | 90011 | Garage | N/A |
| County | Los Angeles | Year Built | 1906 |
| Bed / Bath | 10 / 0 | Parking | N/A |
| Built In | 1906 | Status | Closed |
| Sold Date | 2023-06-21 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | See Remarks |
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| Has Heating | Yes |
| Heating Information | Wall Furnace |
| Room Information | Master Bathroom, Living Room |
| Flooring Information | Carpet, Laminate, Tile |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,386
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/15/2023 | Active Under Contract | $1,299,000 |
| 04/21/2023 | Listed | $1,299,000 |
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(844)-333-8033
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Listing provided courtesy of Benjamin Shamouelian, Exclusive Realty Inc. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
