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$ 829,000
Est. payment /mo
New
1585 E 48th Place Los Angeles, CA 90011
6 Beds
4 Baths
4,350 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26163974
Bedrooms 6
Lot Size 4,350 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 1585 E 48th Pl. This duplex offers exceptional value and opportunity for investors and first-time home-buyers alike. Built in 2008, this property is not subject to the City of Los Angeles Rent Stabilization Ordinance. The newer construction includes amenities such as central AC and washer dryer hookups in each unit. Two spacious units across 2,465 sq ft of livable space: unit 1583 downstairs is 3 bed 2 bath; unit 1585 upstairs is 3 bed 2 bath. Unit 1585 is rented to a steady long-term tenant. Unit 1583 is vacant and move-in ready. The 4,350 sq ft lot includes a spacious parking lot with carport. The property is conveniently located near schools, parks, shopping, and more. This property is ideal for investors seeking an outstanding 7.3% CAP rate from day one, first-time home-buyers to live in the vacant unit, or developers considering future repositioning.
Location
State CA
County Los Angeles
Zoning Public Rec
Direction E 48th Pl between Compton Ave and Long Beach Ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5106017008
Acceptable Financing Conventional
Listing Terms Conventional
Listed by Chris Barker, DRE#01973222 Yorkshire Realty
NEARBY SCHOOL & BUSINESS