3101 W 48th Street,  Los Angeles CA, 90043 (Residential Income)

5,248 sqft
Status: Sold
MLS#: SB15092148
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Last Updated: 12/10/2016 5:29 PM
Description for 3101 W 48th Street Los Angeles, CA 90043
Great opportunity in Park Hills Heights. Well maintained 8 unit building with about $85k annual income. 11 GRM and 6% cap rate. Seven 1 bedroom and one 2 bedroom units plus community laundry. Pictures are from three units - remodeled, updated and original units. Newly remodeled unit is left for viewing and for the new owner to find the tenant. All units are large, with great closet space and very desirable. Four parking spaces. Walking distance to Crenshaw and coming Metro line. New roof was put on last year. Do not miss this great property!
Price
Sold Price:
$925,000
Sold Date:08/28/2015
Los Angeles
5,248 (approx)
SB15092148
Closed
Description
Great opportunity in Park Hills Heights. Well maintained 8 unit building with about $85k annual income. 11 GRM and 6% cap rate. Seven 1 bedroom and one 2 bedroom units plus community laundry. Pictures are from three units - remodeled, updated and original units. Newly remodeled unit is left for viewing and for the new owner to find the tenant. All units are large, with great closet space and very desirable. Four parking spaces. Walking distance to Crenshaw and coming Metro line. New roof was put on last year. Do not miss this great property!
Listing Information
Property Type: Cluster, 2 Story
0.18 Acres 7,744 sq.ft. 5,248 (approx)
1952 2
Public Water Service
Sewer Connected
8 Total
Neighborhood
Room Information
Exterior / Lot Features
4 Parking Spaces, Assigned Parking Space, On Site
None
No Pool
Sidewalks, Curbs Walk
Financial Considerations
5014003001
$2,178
$85,936 Income ,$29,297Expense
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90043 has a population of 3,804,503.

The median household income in Los Angeles, California 90043 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90043 is 34.1 years.

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Courtesy: Shorewood Realtors Martins Leikarts
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