3101 W 48Th St, Los Angeles, CA

Name: 3101 W 48Th St, For Sale in Los Angeles - eXp Realty
Brand: Lyon Stahl Investment Real Estate, Inc.
SKU: 26849351
Price: 1350000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,350,000

986

MLS® 26849351

Key Facts
Description
Map

Key Facts

Type

Levels Residential Income

Size 5248 sqft

Garage

Taxes

Days Active 0

Lot Size 0.1778 Acres

Approx. Age 1952

Avg. Price Per Sqft $257

MLS® Number 26849351

Property Address: 3101 W 48th St, Los Angeles, CA, 90043

Average square foot calculated using Size range provided by listing agent.

Description

3101 W 48th Street is 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 $168, 750 per unit, reflecting a 6.63% cap rate and a 9.45 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 property is separately metered for both gas and electricity. The required CA state SB-721 balcony inspection has been completed and passed. New drought-friendly landscaping has also been refinished, reducing ongoing maintenance costs and improving curb appeal. The building also received brand new exterior paint (2026). The property offers gated parking with (6) secured single spaces, and a leased laundry machines generate supplemental income for the ownership. The corner lot configuration presents strong ADU potential (Buyer to Verify), providing a compelling avenue for future expansion and increased cash flow. Ideally situated in the vibrant Leimert Park submarket, 3101 W 48th Street benefits from strong and consistent rental demand driven by its central position within Los Angeles and convenient proximity to downtown Los Angeles, Inglewood, and Culver City, as well as access to major employment centers, retail, dining, and transportation corridors.

MLS® Number26849351

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1952

Basement

DrivewayUncovered

Garage Spaces

HeatWall Furnace

A/CNone

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Jun 23, 2026List Date

$1,350,000List Price

Commute

Commute

Starting Address

Destination Address

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