136 West 48th Street
136 West 48th Street
$1,680,000
3
9
4,150
4,150
$405
Description
NEW CONSTRUCTION COMPLETED in 2024, NON RENT CONTROL, ±5.50% CAP Rate! ALL UNITS VACANT, Numbers are Proforma! 136 W 48th Street, a newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption....NEW CONSTRUCTION COMPLETED in 2024, NON RENT CONTROL, ±5.50% CAP Rate! ALL UNITS VACANT, Numbers are Proforma! 136 W 48th Street, a newly built luxury townhome-style apartment for sale. The property was completed in 2024 which made this asset exempt from Los Angeles RSO (rent control) and exempt from California AB1482 (rent control). The property was built with high-end finishes with future sustainability and ease of maintenance in mind: solar panels, artificial turf to reduce water consumption. It has a total of ±4,150 SF and is situated on a ±4,752 SF Lot. It offers superb curb appeal with modern finishings and townhouse style layout. These features would present an almost maintenance free asset for the next several years and minimum cost to operate on a NON-Rent Control building. All units have three levels with beautiful amenities, in-unit Washer-Dryer hookups, and a penthouse style master bedroom. The building consists of (3) 3 Bedrooms + 2.5 Bathrooms Units that are NOT UNDER Los Angeles Rent Stabilization Ordinance. Due to its recent construction, the three units are almost maintenance-free, considering the new roofs, plumbing, electrical, sewer lines, and amenities included. The property offers a large backyard with ample parking, including a 2-car garage. Buyers must do their due diligence regarding converting the garage into an ADU. Combining the strong CAP Rate of north of 5%, Non-Los Angeles Rent Stabilization Ordinance, and ease of maintenance, this offering is perfect for an experienced investor looking for solid & consistent cash flow with little to no maintenance. This property is in a high-density and in-demand area, providing rental growth for future vacancies. It is centrally located in a highly desirable location just minutes away from the home of LAFC, our city’s premier professional soccer team, USC, Crypto Arena, Home of the Lakers, Clippers, and LA Kings.) Expo Park and the Metro Green Line.
- Listed by Han Chen • DRE #01749321 • Brokerage DRE #02201380 • Growth Investment Group Pasade • 626-224-2495
- Listed by Marc Schwartz • DRE #01515007 • Brokerage DRE #02021933 • GIG Real Estate Inc.
Property Details for 136 West 48th Street
Architectural Style
Contemporary
ViewCity Lights
Parking Spaces Total6
Private PoolNo
Cooling TypeCentral Forced Air
Total Units3.0
Building TypeAttached
Lot Size SourceAssessor
Location
LISTING UPDATED: 04/16/2024 08:25 AM
Property Details for 136 West 48th Street
Status | Active |
---|---|
MLS # | AR24061303 |
Days on Market | 37 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 2024 |
Lot Size | 0.11 AC / 4,752 SF |
County | Los Angeles County |
Location
Building Information for 136 West 48th Street
Stories3Residences-Year Built2024Building Size-Lot Size0.11 AC / 4,752 SF
Payment Calculator
$9,901 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 136 West 48th Street
Property History for 136 West 48th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 136 West 48th Street
Taxable ValueLand$353,736Additions$117,565Total$471,301
Tax Record2023$8,794 ($733 / month)
Home Facts
Beds3Total Finished SqFt1,208 SqFtAbove Grade Finished SqFt1,208 SqFtLot Size4,752 SqFtStyleSingle Family ResidenceYear Built1907ZoningLAR2CountyLOS ANGELESAPN5110-018-024
Schools near 136 West 48th Street
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
West Vernon Avenue Elementary School PublicK to 5 | ||
William Jefferson Clinton Middle School Public6 to 8 | ||
Thomas Jefferson Senior High School Public9 to 12 | ||
Nava College Preparatory Academy Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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