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1645 W 48th St
Los Angeles, CA 90062
Multifamily Property For Sale
·
13 Units
Executive Summary
The Ben Lee Group is proud to present 1645 W 48th Street, a corner-lot asset featuring 10 apartment units and 3 ground-floor retail spaces. Positioned on Western Avenue with over 28,000 vehicles per day and immediate proximity to Metro Local bus stops (48th & Vernon), this property offers unparalleled visibility and accessibility to major employment hubs.
Offered at a 6.72% CAP rate and 7.87 GRM on current income. At just $186/SF, this is a rare, low-basis entry into the South Los Angeles market. 100% of the retail space is leased to long-term faith-based tenants, providing predictable, durable cash flow compared to typical month-to-month commercial exposures.
The residential portion of the property features a balanced mix of Six one-bedroom and Four two-bedroom units. Some of the units had been recently upgraded with modern stainless steel appliances and wood-style flooring, while remaining units offer a clear path to over 30% rental upside.
This investment may also qualify for accelerated depreciation under the One Big Beautiful Bill Act. Investors are encouraged to perform a cost segregation study to maximize tax shelters.
1645 W 48th St represents a rare mixed-use investment opportunity offering a combination of immediate yield, diversification with both commercial and residential assets, and significant rent upside. With strong South LA demographics and consistent renter and retail demand, this property is built for long-term appreciation and reliable day-one income.
Offered at a 6.72% CAP rate and 7.87 GRM on current income. At just $186/SF, this is a rare, low-basis entry into the South Los Angeles market. 100% of the retail space is leased to long-term faith-based tenants, providing predictable, durable cash flow compared to typical month-to-month commercial exposures.
The residential portion of the property features a balanced mix of Six one-bedroom and Four two-bedroom units. Some of the units had been recently upgraded with modern stainless steel appliances and wood-style flooring, while remaining units offer a clear path to over 30% rental upside.
This investment may also qualify for accelerated depreciation under the One Big Beautiful Bill Act. Investors are encouraged to perform a cost segregation study to maximize tax shelters.
1645 W 48th St represents a rare mixed-use investment opportunity offering a combination of immediate yield, diversification with both commercial and residential assets, and significant rent upside. With strong South LA demographics and consistent renter and retail demand, this property is built for long-term appreciation and reliable day-one income.
Property Facts
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | $2,800 CAD | 400 |
| 2+1 | 4 | $3,263 CAD | 525 |
Property Taxes
| Parcel Number | 5016-017-006 | Improvements Assessment | $989,448 CAD |
| Land Assessment | $1,525,402 CAD | Total Assessment | $2,514,850 CAD |
Property Taxes
Parcel Number
5016-017-006
Land Assessment
$1,525,402 CAD
Improvements Assessment
$989,448 CAD
Total Assessment
$2,514,850 CAD
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