Thank you
Han Chen
Growth Investment Group Pasade
626-594-4900
NEW CONSTRUCTION COMPLETED in 2024, NON RENT CONTROL, ±5.50% CAP Rate! ALL UNITS VACANT, Numbers are Proforma! 136 W 48th Street, a newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption. It has a total of ±4,150 SF and is situated on a ±4,752 SF Lot. It offers superb curb appeal with modern finishings and townhouse style layout. These features would present an almost maintenance free asset for the next several years and minimum cost to operate on a NON-Rent Control building. All units have three levels with beautiful amenities, in-unit Washer-Dryer hookups, and a penthouse style master bedroom. The building consists of (3) 3 Bedrooms + 2.5 Bathrooms Units that are NOT UNDER Los Angeles Rent Stabilization Ordinance. Due to its recent construction, the three units are almost maintenance-free, considering the new roofs, plumbing, electrical, sewer lines, and amenities included. The property offers a large backyard with ample parking, including a 2-car garage. Buyers must do their due diligence regarding converting the garage into an ADU. Combining the strong CAP Rate of north of 5%, Non-Los Angeles Rent Stabilization Ordinance, and ease of maintenance, this offering is perfect for an experienced investor looking for solid & consistent cash flow with little to no maintenance. This property is in a high-density and in-demand area, providing rental growth for future vacancies. It is centrally located in a highly desirable location just minutes away from the home of LAFC, our city’s premier professional soccer team, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line.
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Unit No | Unit Key | Total Bath | Total Bed | Full Bath | Half Bath |
---|---|---|---|---|---|
1 | 1064995213 | 3 | 3 | 2 | 1 |
Water Source : Public
Sewer : Public Sewer
Roof : Flat
Interior Features: Balcony,All Bedrooms Up
Property Appliances: Gas Range,Dryer,Washer
Fireplace: None
Flooring: Laminate,Vinyl
Central Air
Air Conditioning
Central
Has Heating
Fireplace Features: None
Has Fireplace: 0
Year Built: 2024
Building Area Total: 4,150
Roof: Flat
None
Washer Hookup,Gas Dryer Hookup
Wrought Iron
Lot Dimensions Source: Vendor Enhanced
Lot Size Acres: 0.1091
Lot Size Source: Assessor
Lot Size Square Feet: 4752
Original List Price: 1,680,000
Listing Contract Date: 2024-03-28
Listing Agreement: Exclusive Right To Sell
Parcel Number: 5110018024
Garage Description: Assigned,Electric Gate,Garage
Lease Term: Negotiable
Tenant Pays: Electricity,Gas
Source Listing Status: Active
Source Neighborhood: C37 - Metropolitan South
Postal Code Plus 4: 3237
Directions: east of MAin St and west of Broadway St, cross St is Main St and 48th St
Zoning: LAR2
Source Property Type: Residential Income
Area: C37 - Metropolitan South
Property SubType: Triplex
Property Age: 0
Common Walls: 2+ Common Walls
Structure Type: Triplex
Year Built Source: Builder
Entry Level: 1
Entry Location: 1
Property Attached: Yes
Levels or Stories: Three Or More
Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
---|---|---|---|---|---|
4815 S Normandie Avenue, Los Angeles, CA,90037 | $750,000 | 5 | -- | 2,208 | 5403 Sqft |
110 W 48th Street, Los Angeles, CA,90037 | $479,800 | 2 | 2 | 1,134 | 2400 Sqft |
4225 Van Buren Place, Los Angeles, CA,90037 | $849,900 | 4 | 2 | 1,645 | 5992 Sqft |
5116 S Budlong Avenue, Los Angeles, CA,90037 | $1,100,000 | 5 | 4 | 3,632 | 5520 Sqft |
232 W 49th Street, Los Angeles, CA,90037 | $699,999 | 4 | 2 | 1,744 | 5447 Sqft |
4125 S Figueroa Street .., Los Angeles, CA,90037 | $329,000 | 1 | 1 | 542 | 39267 Sqft |
3913 S Budlong Avenue, Los Angeles, CA,90037 | $1,699,000 | 6 | -- | 3,690 | 10432 Sqft |
602 W 40th Place #3, Los Angeles, CA,90037 | $1,799,999 | 10 | 5 | 3,692 | 6750 Sqft |
1115 W 41st Street, Los Angeles, CA,90037 | $959,900 | 3 | 2 | 2,182 | 6352 Sqft |
4529 S Vermont Avenue, Los Angeles, CA,90037 | $2,050,000 | 4 | -- | 6,750 | 8014 Sqft |
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ByOwner last updated this listing 05/16/2024 @ 19:10
MLS: AR24061303
LISTED BY: Han Chen, Growth Investment Group Pasade
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.