Active

1645 W 48th Street

Los Angeles, CA 90062
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$1,975,000 $8,326/Mo
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Bed 10

Bed

Bath 0

Bath

SqFt10,990

Sqft

SqFt5,851

Sqft(Lot)

We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-mont h commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA submarket. A majority of units have been updated with stainless steel appliances, wood-style flooring, and refreshed bathrooms, reducing near-term CapEx on a portion of the portfolio while presenting clear value-add opportunity on the remaining units.1645 W 48th Street may also qualify for accelerated depreciation benefits under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize available tax advantages. A rare combination of immediate yield, irreplaceable corner positioning, and significant upside to market rents, 1645 W 48th Street delivers durable cash flow today with meaningful long-term appreciation potential.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,975,000

AD Id : 76870377

MLS Id : 26685067

Beds : 10

Lot Size : 5,851 Sqft

Living Area Size : 10,990

Year Built : 1912

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total Bedrooms: 10

    Bathroom Information

    Total Baths: 13 Full Baths: 0 Half Baths: 0

  • Interior Features

    Property Appliances: Disposal,Microwave,Refrigerator Fireplace: Bath,Kitchen,Living Room

  • Cooling Features

    None Air Conditioning

    Heating Source

    Natural Gas Has Heating

    Fireplace

    Fireplace Features: Bath,Kitchen,Living Room Has Fireplace: 1

  • Building Information

    Year Built: 1912 Building Area Total: 10,990

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1343
  • Lot Size Source: Vendor Enhanced Lot Size Square Feet: 5851

  • Listing Price Information

    Original List Price: 1,975,000 Listing Contract Date: 2026-04-06

  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5016017006

  • Garage and Parking

    Garage Description: None

    Homeowners Association

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C34 - Los Angeles Southwest Postal Code Plus 4: 2308 Directions: Located on the northeast corner of W 48th St and Western Ave Zoning: LAC2 Source Property Type: Residential Income Area: C34 - Los Angeles Southwest

  • Building and Construction

    Property Age: 114 Year Built Source: Vendor Enhanced Total Square Feet Living: 10990 Levels or Stories: Two,Multi/Split Building Total Stories: 2
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4020 Brighton, Los Angeles, CA, 90062 $950,000 4 1 2,294 2,294 SqFt
1419 Rolland Curtis Place, Los Angeles, CA, 90062 $895,000 4 3 1,835 1,835 SqFt
3938 Dalton Ave, Los Angeles, CA, 90062 $799,000 3 2 1,526 1,526 SqFt
3987 Halldale Avenue, Los Angeles, CA, 90062 $948,999 5 3 2,496 2,496 SqFt
3940 Denker, Los Angeles, CA, 90062 $620,000 3 2 1,196 1,196 SqFt
4041 Denker, Los Angeles, CA, 90062 $865,000 2 1 1,112 1,112 SqFt
1447 W 47th Street, Los Angeles, CA, 90062 $590,000 2 2 2,027 2,027 SqFt
4314 Dalton Avenue, Los Angeles, CA, 90062 $624,999 2 1 1,304 1,304 SqFt
1474 W Vernon Avenue, Los Angeles, CA, 90062 $998,000 5 -- 2,263 2,263 SqFt
1459 W 47th Street, Los Angeles, CA, 90062 $999,000 4 3 2,081 2,081 SqFt

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Copyright © 2026 by the Multiple Listing Service of the California Regional MLS®. This information is believed to be accurate but is not guaranteed. Subject to verification by all parties. This data is copyrighted and may not be transmitted, retransmitted, copied, framed, repurposed, or altered in any way for any other site, individual and/or purpose without the express written permission of the Multiple Listing Service of the California Regional MLS®. Information Deemed Reliable But Not Guaranteed. Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited.

ByOwner last updated this listing 06/19/2026 @ 19:45

MLS: 26685067 LISTED BY: Benjamin Lee, Lyon Stahl Investment Real Estate, Inc. 310-425-9838 SOURCE: CRMLS

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