Active
136 W 48th ST
LOS ANGELES CA, 90037
$1,680,000
$404.82 per sqft
Active
3 Beds
4,150 sqft
Residential
Built in 2024
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.
AR24061303MR
MLSⓇ ID
March 28, 2024
Listed
April 17, 2024
Updated
Map
136 W 48th ST
LOS ANGELES CA, 90037
Interior Features
Total Stories
3
Bedrooms
3 Beds
Appliances
Dryer, Dryer Included, Gas Dryer Hookup, Washer, Washer Hookup, Washer Included
Laundry Description
Dryer, Dryer Included, Gas Dryer Hookup, Washer, Washer Hookup, Washer Included
Fireplace
Yes
Fireplace Description
None
Cooling
Yes
Cooling Description
Central
Heating
Yes
Heating Description
Central
Exterior/Building Features
Lot Size
0.11 Acres
Architectual Style
Contemporary
Roof
Flat
Sewer
Public Sewer
Other Property Details
Area Name
Metropolitan South
Days on Market
19
Garage
Yes
Garage Spaces
2
Parking
Assigned, Auto Driveway Gate, Garage
Parking Total
6
View
Yes
View Description
City Lights
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LAR2
Listed by Han Chen with Growth Investment Group Pasade
Listing Contact: 626-224-2495
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Revel Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 4/17/2024