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3101 W 48th St 8 Unit Apartment Building $2,031,813 CAD ($253,977 CAD/Unit) 6.25% Cap Rate Los Angeles, CA 90043
Investment Highlights
- Eight-unit apartment building with strong in-place income and upside potential.
- Located in an Opportunity Zone, offering potential tax benefits for qualifying investors.
- Competitive pricing at $1,475,000 with a 6.25% cap rate and NOI of approximately $92,163.
- Current gross rents exceed $144,000 annually, with pro forma rents projected at $169,000+.
- Positioned near major transit corridors and redevelopment areas in South Los Angeles.
Executive Summary
Now available: an 8-unit apartment building at 3101 W. 48th Street in the heart of South Los Angeles. Priced at $1,525,000, this stabilized 1952 asset offers strong in-place income with $144K+ in current gross rent and room to grow to $169K+ under pro forma projections. With a down payment and a manageable loan basis, it’s a solid opportunity for both seasoned investors and buyers seeking a reliable 1031 exchange. Located near major transit and redevelopment zones, this property is poised for long-term appreciation. Whether you’re looking for a turn-key hold or a value-add reposition, this deal checks all the boxes: cash flow, location, and future growth. Contact Lu Ruiz at LAR Realty today - opportunities like this in LA’s evolving core don’t last.
Data Room Click Here to Access
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$199,262
|
$37.97
|
| Other Income |
$707
|
$0.13
|
| Vacancy Loss |
$3,999
|
$0.76
|
| Effective Gross Income |
$195,970
|
$37.34
|
| Taxes |
$26,258
|
$5.00
|
| Operating Expenses |
$42,758
|
$8.15
|
| Total Expenses |
$69,016
|
$13.15
|
| Net Operating Income |
$126,955
|
$24.19
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $199,262 |
| Annual Per SF | $37.97 |
| Other Income (CAD) | |
|---|---|
| Annual | $707 |
| Annual Per SF | $0.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,999 |
| Annual Per SF | $0.76 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $195,970 |
| Annual Per SF | $37.34 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,258 |
| Annual Per SF | $5.00 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $42,758 |
| Annual Per SF | $8.15 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $69,016 |
| Annual Per SF | $13.15 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $126,955 |
| Annual Per SF | $24.19 |
Property Facts
| Price | $2,031,813 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $253,977 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.25% | Building Size | 5,248 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.54 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1952 |
| Property Type | Multifamily | Parking Ratio | 1.52/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 - Multiple Dwelling | ||
| Price | $2,031,813 CAD |
| Price Per Unit | $253,977 CAD |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 10.54 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,248 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1952 |
| Parking Ratio | 1.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 - Multiple Dwelling |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
| 2+1 | 1 | - | - |
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5014-003-001 | Total Assessment | $1,508,371 CAD (2025) |
| Land Assessment | $1,141,472 CAD (2025) | Annual Taxes | $26,258 CAD ($5.00 CAD/SF) |
| Improvements Assessment | $366,899 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
5014-003-001
Land Assessment
$1,141,472 CAD (2025)
Improvements Assessment
$366,899 CAD (2025)
Total Assessment
$1,508,371 CAD (2025)
Annual Taxes
$26,258 CAD ($5.00 CAD/SF)
Tax Year
2024
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3101 W 48th St
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