Millman Team Real Estate

$1,450,000
9 Bed
8 Bath
5,248 Sqft
0.18 Acre Lot

3101 W 48th Street, Los Angeles, California 90043

  • Residential Income Property Type
  • 5,248 Sqft Square Footage
  • Gated Cars Garage
  • 1952 Year Built
Property Description

Introducing 3101 W 48th St, Los Angeles, CA a well-kept two-story, 8-unit multifamily property located in the heart of Los Angeles. Built in 1952, the building offers 5,248 square feet of rentable space situated on a [lot size confirm once available].The unit mix features (8) one-bedroom, one-bath units, supported by four on-site parking spaces. The property has been well-maintained and provides steady tenant demand in a supply-constrained rental market.Offered at $1,450,000, this opportunity represents attractive fundamentals: a 6.15% CAP rate, 10.19 GRM, and $142,255 in annual income. The pricing also equates to $276.30 per square foot and approximately $181,250 per unit, offering both strong current yield and future rental upside potential.

Basic Details
Residential Income
For Sale
25540969
$1,450,000
9
8
5,248 Sqft
1952
0.18 Acre
Active
Features
: Wall Furnace
: None
: Gated
$0
Address Map
CA
Los Angeles
Los Angeles
90043
48th
3101
Street
From the 10 Freeway, exit Crenshaw Blvd and head south. Turn left on W 48th St; property is on the north side just east of Crenshaw Blvd.
PHHT - Park Hills Heights
W
LAR3
Additional Information
$0
$0
$0
$0
$0
5248
: Two
8
2025-05-19
1525000
2
2
Broker/Agent Information
LAR Realty, Inc.
Luis Ruiz
Listing Information
CLW-X81506
CLW-X76209
Active
2025-09-17T16:03:43Z
CRMLS
: Standard
2025-05-19T00:00:00Z
Agent info
Ray Millman
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