1645 W 48th Street, Los Angeles, California 90062

$2,050,000

Bedrooms

0

Bathrooms

0

Square Feet

0 sqft

City

Los Angeles

Status

Active

The property features a unit mix of three retail units on the ground floor with ten apartment units consisting of seven one-bedrooms and three two-bedrooms. Diversification with both retail and residential; strong in-place cash flow at a 5.44% on current income with over 30% rental upside; with the opportunity to renovate the apartment units as they turn and secure long-term leases for the retail units. 1645 W 48th St is a well-maintained building, the exterior and common area hallways were recently painted and the building is separately metered for gas and electricity. This is an ideal location for both retail and residential tenants; over 28,000 vehicles per day on Western Ave along with foot traffic; metro local line bus stop on 48th & Western as well as multiple on the corner of Western Ave & Vernon Ave.