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3101 W 48th St
Los Angeles, CA 90043 Park Mesa Heights

$1,475,000 USD

Apartments For Sale  •  5,248 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,248 SF
  • Lot Size 0.18 AC
  • Building Class C
  • Year Built 1952
  • Cap Rate 6.25 %
  • Zoning LAR3
70 Transit Score
60 Walk Score

Highlights

Eight-unit apartment building with strong in-place income and upside potential.
Current gross rents exceed $144,000 annually, with pro forma rents projected at $169,000+.
Located in an Opportunity Zone, offering potential tax benefits for qualifying investors.
Positioned near major transit corridors and redevelopment areas in South Los Angeles.
Competitive pricing at $1,475,000 with a 6.25% cap rate and NOI of approximately $92,163.

Property Flyers

Financial Summary (Actual)

Net Operating Income: $92,163 USD (2024)
Cap Rate: 6.25 %
Total Expenses: $50,102 USD

Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Refrigerator
  • Range
  • Tub/Shower
  • Public Transportation
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
15 min - 7.8 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 19 min - 8.7 mi
AirportDriveWalkDistance
Los Angeles International 15 min - 7.6 mi
Bob Hope 30 min - 17.2 mi
Long Beach (Daugherty Field) 30 min - 21.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 8
Type: Surface
Included in Rent: Yes
Luis Ruiz 213-407-5702 LAR Realty, Inc
Luis Ruiz 213-407-5702 LAR Realty, Inc