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).… Read More 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. Read Less
Property listed by Equity Union, Joshua Yeager 310-259-7556
Listing Snapshot
Days Online
18
Last Updated
Beds
10
3/4 Baths
10
Square Ft.
4,592
Lot Size
0.16 Acres
Year Built
1925
MLS Number
26938421
Additional Details
Appliances & Equipment
Refrigerator
Building
Built in 1925, Living area: 4592.0, 3 buildings, Building faces North, 2 stories, Levels: MultiSplit
Cooling
WallWindowUnits
Doors
DoubleDoorEntry
Heating
NaturalGas
Income
Gross Income: $533, Net Operating Income: $102,351
Lot
0.156 acres, FrontYard, RectangularLot
Parking
None
Property
UpdatedRemodeled
Security Features
CarbonMonoxideDetectors, SmokeDetectors
Taxes
Parcel Number: 5018025009, Zoning: LARD1.5
Tenant Pays
Electricity, Gas
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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