1585 E 48th PL, Los Angeles, CA 90011
- $829,000
Listed by Chris Barker, from Yorkshire Realty
(If provided) CoList: from
- List Price
- $829,000
- MLS#
- CRPW26163974
- Status
- ACTIVE
- Lot Size
- 4,350
- Listing Area
- C42 - Downtown L.A.
Property Description
Welcome to 1585 E 48th Pl. This duplex offers exceptional value and opportunity for investors and first-time home-buyers alike. Built in 2008, this property is not subject to the City of Los Angeles Rent Stabilization Ordinance. The newer construction includes amenities such as central AC and washer dryer hookups in each unit. Two spacious units across 2,465 sq ft of livable space: unit 1583 downstairs is 3 bed 2 bath; unit 1585 upstairs is 3 bed 2 bath. Unit 1585 is rented to a steady long-term tenant. Unit 1583 is vacant and move-in ready. The 4,350 sq ft lot includes a spacious parking lot with carport. The property is conveniently located near schools, parks, shopping, and more. This property is ideal for investors seeking an outstanding 7.3% CAP rate from day one, first-time home-buyers to live in the vacant unit, or developers considering future repositioning.
Additional Information
- Cooling System
- Central AC
- Floor Covering
- Laminate
- Garage Parking
- Assigned Spaces, Carport
- Heating System
- Central Forced Air
- Laundry Facilities
- Gas Hookup, In Kitchen, 30
- Lot Size
- 4,350
- Neighborhood
- C42 - Downtown L.A.
- Numberof Units
- 2
- Pool Description
- None
- Unincorporated Yn
- Yes
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