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Listed by Chris Barker, DRE #01973222 • Yorkshire Realty
$ 829,000
Est. payment | /mo
4,350 Sqft Lot
$ 829,000
Est. payment | /mo
4,350 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26163974
Year Built 2008
Lot Size 4,350 Sqft
Property Sub-Type Duplex
Source California Regional MLS
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.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Interior
Heating Central Forced Air
Cooling Central AC
Flooring Laminate
Laundry Gas Hookup, In Kitchen, 30
Exterior
Parking Features Assigned Spaces, Carport
Garage Spaces 4.0
Pool None
Building
Water District - Public
Others
Tax ID 5106017008
Special Listing Condition Not Applicable
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