2614 W 48th Street

    Los Angeles (City), CA 90043
    • $975,000
    • STATUS: Pending
    • ON SITE: 50 days
    • ID#: OC19205722
    Pending
    UPDATED: 101 min ago
    $975,000
    • 0
      BEDS
    • 0.15
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,331
      SQFT
    • $225
      $/SQFT
    Type:
    Multi-Family
    Built:
    1933
    County:

    School Ratings & Info

    Description

    2614 W. 48th St. is located near the new Crenshaw/LAX Metro Line in the Leimert Park neighborhood in Los Angeles. This rare 4 unit property offers an investor and/or owner-occupier to acquire a steady investment in a strong rental market. The subject property is comprised of two separate buildings, each 2 story, consisting of a large unit mix of (2) 2 bed/1 bath and (2) 1 bed/1 bath units. The building was originally built in 1933 with a total size of 4,331 SF, sitting on 6,748 SF lot, and there are 4 total garages. All the tenants are currently Month to Month, and at below market rents. The property is in an "Opportunity Zone." Prime Location in Leimert Park near West Adams, Baldwin Hills, Crenshaw, Culver City,Inglewood Football Stadium, USC, Exposition Park, LAX, Restaurants & Shops.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
    www.j1re.com/homes/98410445

    2614 W 48th Street Los Angeles (City), CA 90043

    • Price: $975,000
    • Status: Pending
    • Updated: 101 min ago
    • ID#: OC19205722
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.15
    Acres
    4,331
    SQFT
    $225
    $/SQFT
    1933
    Built
    Neighborhood:
    PHHT - Park Hills Heights
    County:
    Los Angeles
    Area:
    PHHT - Park Hills Heights
    Property Description
    2614 W. 48th St. is located near the new Crenshaw/LAX Metro Line in the Leimert Park neighborhood in Los Angeles. This rare 4 unit property offers an investor and/or owner-occupier to acquire a steady investment in a strong rental market. The subject property is comprised of two separate buildings, each 2 story, consisting of a large unit mix of (2) 2 bed/1 bath and (2) 1 bed/1 bath units. The building was originally built in 1933 with a total size of 4,331 SF, sitting on 6,748 SF lot, and there are 4 total garages. All the tenants are currently Month to Month, and at below market rents. The property is in an "Opportunity Zone." Prime Location in Leimert Park near West Adams, Baldwin Hills, Crenshaw, Culver City,Inglewood Football Stadium, USC, Exposition Park, LAX, Restaurants & Shops.
    Exterior Features

    Garage Spaces 4.00 Lot Features 2-5 Units/Acre Lot Size Source Assessor Lot Size Units Square Feet Parking Total 4.00 Pool Features None Pool Private YN No Property Attached YN Yes

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls 1 Common Wall Flooring TileVinylWood Interior Features Ceiling Fan(S) Laundry Features Gas Dryer HookupInsideWasher Hookup

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 0.00 Elevation Units Feet Fuel Expense 0.00 Gross Income 55368.00 Gross Scheduled Income 55368.00 Insurance Expense 0.00 Land Lease YN No Laundry YN Yes Net Operating Income 33602.00 New Construction YN No New Taxes Expense 12188.00 Number Of Separate Electric Meters 4 Number Of Separate Gas Meters 4 Number Of Separate Water Meters 1 Number Of Units Leased 4 Operating Expense 20659.00 Property Sub Type Quadruplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Leimert Park Total Actual Rent 4614.00 Total Expenses 20659.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lard1.5

    Listing provided courtesy of Brian Noh of Nohco Real Estate


    Based on information from California Regional Multiple Listing Service, Inc. as of 2019-10-18T00:36:20.21. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or J1 REALTY GROUP. Licensed in the State of California, USA.
     
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