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Rene Ramirez

findmycastle@castrarealty.com +1(951) 384-0656

$1,550,000

Est. payment - /mo

10 Beds

10 Baths

4,592 SqFt

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UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,592 sqft

Price per Sqft $337

MLS Listing ID 26938421

Bedrooms 10

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1925

Lot Size 6,795 Sqft

Property Description

Equity Union Commercial is pleased to present an Exceptional 10-Unit Value-Add Opportunity in South Los Angeles boasting a 6.6% Cap Rate with significant rental upside potential. Located at 536 W. 48th Street, this charming 1925 Spanish-style courtyard apartment community consists of 10 units (8 one-bedroom/one-bath units and 2 studio units). The property has undergone significant improvements, including a new roof, copper plumbing throughout, fresh exterior paint, and renovations to 7 of the 10 units. Tenants benefit from separately metered gas and electricity, while city-provided trash service helps minimize operating expenses. Investors will appreciate the strong in-place cash flow combined with substantial upside potential, as current rents are estimated to be approximately 22% below market. The property's layout features a gated courtyard setting with dual front and rear access for each unit, creating an attractive living environment for tenants. Ideally situated near USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, the California Science Center, major retail corridors, and convenient access to the 110 Freeway, the location offers a deep and stable renter pool. This is a rare opportunity to acquire a well-maintained multifamily asset with proven operational improvements, rental upside, and long-term growth potential in one of Los Angeles' most active rental markets.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LARD1.5

Interior

Heating Natural Gas

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Refrigerator

Exterior

Parking Features None

Building

Lot Description Front Yard, Rectangular Lot

Faces North

Story 2

Entry Level Multi/Split

Architectural Style Bungalow

Level or Stories Multi/Split

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 5018025009

Security Features Carbon Monoxide Detector(s),Smoke Detector(s)

Special Listing Condition Standard

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CRMLS Full IDX Feed (MAIN Website Search)

Listed by Joshua Yeager Equity Union #01979446

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NEARBY SCHOOL & BUSINESS

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Rene Ramirez

+1(951) 384-0656

Broker License ID: 02038829

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536 W 48th ST Los Angeles, CA 90037

Rene Ramirez

Key Details

Location

Interior

Exterior

Building

Others

MORTGAGE CALCULATOR

NEARBY SCHOOL & BUSINESS

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536 W 48th ST