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RYAN STEELE

ryan.steele@lptrealty.com +1(818) 900-1859

$ 1,975,000

Est. payment | -/mo

10 Beds

13 Baths

10,990 SqFt

Save

$ 1,975,000

Est. payment | -/mo

Save

10 Beds

13 Baths

10,990 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,990 sqft

Price per Sqft $179

MLS Listing ID 26685067

Bedrooms 10

Year Built 1912

Lot Size 5,851 Sqft

Acres 0.1343

Property Sub-Type Multi-Family

Property Description

We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-month commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA submarket. A majority of units have been updated with stainless steel appliances, wood-style flooring, and refreshed bathrooms, reducing near-term CapEx on a portion of the portfolio while presenting clear value-add opportunity on the remaining units.1645 W 48th Street may also qualify for accelerated depreciation benefits under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize available tax advantages. A rare combination of immediate yield, irreplaceable corner positioning, and significant upside to market rents, 1645 W 48th Street delivers durable cash flow today with meaningful long-term appreciation potential.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAC2

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Fireplaces Type Bath, Kitchen, Living Room

Equipment Range/Oven, Refrigerator, Freezer, Garbage Disposal, Microwave

Exterior

Parking Features None

Waterfront Description None

Building

Story 2

Level or Stories Two, Multi/Split

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.

Schools and Properties Nearby

1645 W 48th St Los Angeles, CA 90062