Listing provided courtesy of Jerome McAlpin of McAlpin & Company. Last updated 2025-01-31 09:11:26.000000. Listing information © 2024 CRMLS.
Asking Price: $1,050,000
947 48th, Los Angeles CA 90037
Community: C34 - Los Angeles Southwest
Status: Active
This property was built in 1908 and is priced at $1,050,000. Please see the additional details below.
We are excited to offer this 3 Unit income property for sale. Price was just reduced making the GRM 10.84 and the CAP is 5.99! It consists of all 2-bedroom units and is currently producing $8,069.00 per month. Two of the rents have been increased by $102, however Section 8 is still processing them and they are not reflected in the current rent. The building was constructed in 1908 and consists of 1,848 square feet. It sits on a 6,772 square foot lot, which is zoned LARD2. This investment is a great opportunity to produce long term cash flow and possible future development. Please make offers subject to inspection, as this will be shown with accepted offers only.