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Josh Gregorio

josh.gregoriorealestategroup@gmail.com +1(661) 447-5111

$ 1,350,000

Est. payment | -/mo

9 Beds

8 Baths

5,248 SqFt

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$ 1,350,000

Est. payment | -/mo

Save

9 Beds

8 Baths

5,248 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,248 sqft

Price per Sqft $257

MLS Listing ID 26849351

Bedrooms 9

HOA Y/N No

Year Built 1952

Lot Size 7,744 Sqft

Property Description

3101 W 48th Street is a well-maintained 8-unit multifamily property ideally positioned on a corner lot adjacent to the highly desirable Leimert Park neighborhood of Los Angeles. Built in 1952, the property represents an opportunity to acquire a centrally located asset with a stable unit mix and meaningful value-add upside in one of the city's most supply-constrained rental submarkets. The offering is priced at $168,750 per unit, reflecting a 6.63% cap rate and a 9.45 GRM. The property encompasses approximately 5,248 square feet of living space on a 7,746 SF lot and features a unit mix of (7) 1BR/1BA and (1) 2BR/1BA units. The sizable units average 656 square feet each, appealing to a broad renter profile. Many of the unit interiors have been updated over the years, offering a strong foundation for continued repositioning and incremental rent growth. Ownership has completed some capital improvements in recent years. The majority of the electrical sub panels have been updated, and the property is separately metered for both gas and electricity. The required CA state SB-721 balcony inspection has been completed and passed. New drought-friendly landscaping has also been refinished, reducing ongoing maintenance costs and improving curb appeal. The building also received brand new exterior paint (2026). The property offers gated parking with (6) secured single spaces, and a leased laundry machines generate supplemental income for the ownership. The corner lot configuration presents strong ADU potential (Buyer to Verify), providing a compelling avenue for future expansion and increased cash flow. Ideally situated in the vibrant Leimert Park submarket, 3101 W 48th Street benefits from strong and consistent rental demand driven by its central position within Los Angeles and convenient proximity to downtown Los Angeles, Inglewood, and Culver City, as well as access to major employment centers, retail, dining, and transportation corridors.

Location

State CA

County Los Angeles

Area Phht - Park Hills Heights

Zoning LAR3

Interior

Heating Wall Furnace

Cooling None

Fireplace No

Laundry Common Area

Exterior

Parking Features Uncovered

Total Parking Spaces 6

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5014003001

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Jake Glaser Lyon Stahl Investment Real Estate, Inc. #02128816

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+1(661) 447-5111

josh.gregoriorealestategroup@gmail.com

3400 Calloway Dr Suite 700, Bakersfield, California, 93312, USA

3101 W 48th ST Los Angeles, CA 90043

Josh Gregorio

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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3101 W 48th ST