3101 W 48th Street, Los Angeles, CA 90043

Los Angeles
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
3101 W 48th Street,Los Angeles, CA 90043
$1,295,000
  • 9 Beds
  • 8 Baths
  • 5,248 sq. ft.
  • Multi-family
  • Pending
Listed by: jake glaser
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26849351
Source:CRMLS

Price summary

  • Price:$1,295,000
  • Price per sq. ft.:$246.76

About this home

3101 W 48th Street, a well-maintained 8-unit multifamily property ideally positioned on a corner lot adjacent to the highly desirable Leimert Park neighborhood of Los Angeles. Built in 1952, the property represents an opportunity to acquire a centrally located asset with a stable unit mix and meaningful value-add upside in one of the city's most supply-constrained rental submarkets. The offering is priced at $161,875 per unit, reflecting a 7.10% cap rate and a 8.95 GRM. The property encompasses approximately 5,248 square feet of living space on a 7,746 SF lot and features a unit mix of (7) 1BR/1BA and (1) 2BR/1BA units. The sizable units average 656 square feet each, appealing to a broad renter profile. Many of the unit interiors have been updated over the years, offering a strong foundation for continued repositioning and incremental rent growth. Ownership has completed some capital improvements in recent years. The majority of the electrical sub panels have been updated, and the...

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Home facts

  • Year built:1952
  • Listing ID #:26849351
  • Added:50 day(s) ago
  • Updated:August 13, 2026 at 08:42 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Living area:5,248 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1952
  • Building area:5,248 sq. ft.
  • Lot area:0.18 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,295,000
  • Price per sq. ft.:$246.76

Parking

  • Total parking spaces:6
  • Parking description:Uncovered
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