136 W 48th Street
Los Angeles, CA, 90037 $ 1,680,000
Bedrooms9 Baths2.1 Sq 4,150 Monthly Estimate*
$ 11,735
Listed by Growth Investment Group Pasade
for $1,680,000 with 9 bedrooms and 2 full baths, 1 half bath. This 4,150 square foot home was built in 2024 on a lot size of 0.1091.
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.
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FeaturesGeneralInterior Features Balcony AllBedroomsUp
Sewer PublicSewer
Heating Central
Cooling CentralAir
Utilities CableConnected ElectricityConnected NaturalGasConnected PhoneAvailable SewerConnected WaterConnected
Possession CloseOfEscrow
Roof Flat
Appliances GasRange Dryer Washer
Zoning LAR2
HOA 0.0
Garage Spaces 2.0
Architectural Style Contemporary
Pool Features None
Year Built 2024
Electric Standard
Tenant Pays Electricity Gas
View CityLights
Levels ThreeOrMore
Property SubType Triplex
Gross Income 129600.0
Community Features Urban
County Los Angeles
Net Operating Income 92402.0
Operating Expense 33310.0
Insurance Expense 2698.0
New Construction Y
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Contingency NONE
Facing Direction North
Garage Y/N Y
Special Listing Conditions Standard
Status Active
Directions east of MAin St and west of Broadway St cross St is Main St and 48th St
City Los Angeles
Disclosures PrincipalisRealEstateLicensed
Entry Location 1
View Y/N Y
Senior Community Y/N N
Open Parking Spaces 4.0
Total Units 3
MLS Area C37 - Metropolitan South
Lot Size Square Feet 4752.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Number of Units Leased 0
Street Name 48th
Listing Terms Cash CashtoNewLoan
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Home Warranty Y/N N
Trash Expense 3000.0
Water Sewer Expense 3600.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 19
Building Area Units SquareFeet
Standard Status Active
Year Built Source Builder
Tax Lot 47
Total Actual Rent 10500.0
Property Sub Type Additional Triplex
Taxes 20150.0
Cap Rate 5.5
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InteriorFlooring Laminate Vinyl
Fireplace Features None
Total Stories 3
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Laundry Features WasherHookup GasDryerHookup
Entry Level 1
Electric On Property Y/N N
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ExteriorFencing WroughtIron
Parking Features Assigned ElectricGate Garage
Lot Features Level NearPublicTransit RectangularLot StreetLevel
Water Source Public
Total Parking 6.0
Lot Size Area 4752.0
Number of Buildings 2
Spa N
Building Area Total 4150.0
Lot Size Acres 0.1091
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 3
Number of Separate Electric Meters 3
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByGrowth Investment Group PasadeBroker
Affordability Calculator
- Monthly Principal & Interest
- $11,735
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyMulti-family listings in Los Angeles, CA
Average List Price $2,000,821
Percent of Sale Price 19%
About Los Angeles, CA 3,920,026 Population
6% Since 2002
$ 55,057 Median Income
36.82 Median Age
27% Households with Children
Trends Information provided by ATTOM Data Solutions.
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/28/2024 | $1,680,000 | | Listed Price |