536 W 48th Street,Los Angeles, CA 90037
Los Angeles, CA 90037
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.
Details
| MLS # | 26938421 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1925 |
| Days On Site | 18 |
| Listing Provided By | Equity Union | Joshua Yeager |
Features
| Bed(s) | 10 |
|---|---|
| Bath(s) | 10 |
| SQ Feet | 4,592 |
| Story(s) | 2 |
| Units | 10 |
| Building(s) | 3 |
| Zoning | LARD1.5 |
| Acreage | 0.16 |
Interior
| Cooling | Wall Window Units |
|---|---|
| Heating | Natural Gas |
| Heating Yes / No | Yes |
| Cooling Yes / No | Yes |
| Appliances | Refrigerator |
Exterior
| Security Features | Carbon Monoxide Detectors, Smoke Detectors |
|---|---|
| Lot Features | Front Yard, Rectangular Lot |
Parking
| Parking Features | None |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90037) | |
Price: $1,550,000 low | high Med: $1,394,500 sqft: 4,592 low | high Med: 3,725 $ / sqft: $338 low | high Med: $382 On site: 18 low | high Med: 76 | |
Market Activity 90037
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90037 |
| Area | C42 Downtown L.A. |
| Listing VS Median (in 90037) | |
Price: $1,550,000 low | high Med: $1,394,500 sqft: 4,592 low | high Med: 3,725 $ / sqft: $338 low | high Med: $382 On site: 18 low | high Med: 76 | |
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