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

$1,350,000 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 6.63 %
  • Zoning LAR3
70 Transit Score
60 Walk Score

Highlights

Corner lot 8-unit building adjacent to Leimert Park. Mix comprised of (7) 1BR/1BA and (1) 2BR/1BA units.
Built in 1952, the 5,248 SF building sits on a 7,746 SF lot. Gated parking secures (6) single parking spaces.
Property is separately metered for gas and electric. Many of the unit interiors have been updated .
Majority of the electrical sub-panels have been updated over the years. Main disconnect original.
Leased laundry machine brings in additional income. Sizable units average 656 SF each.
Located in the heart of Los Angeles, central to downtown LA, Inglewood, and Culver City
Cap Rate: 6.63 %

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: 6
Type: Surface
Included in Rent: Yes
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate
Jake Glaser 310-494-6368 Lyon Stahl Investment Real Estate