Properties

Los Angeles, CA 90062 1645 W 48th Street

1645 W 48th Street Los Angeles, CA - Image 11645 W 48th Street Los Angeles, CA - Image 21645 W 48th Street Los Angeles, CA - Image 3
17 more
1645 W 48th Street Los Angeles, CA - Image 41645 W 48th Street Los Angeles, CA - Image 51645 W 48th Street Los Angeles, CA - Image 61645 W 48th Street Los Angeles, CA - Image 71645 W 48th Street Los Angeles, CA - Image 81645 W 48th Street Los Angeles, CA - Image 91645 W 48th Street Los Angeles, CA - Image 101645 W 48th Street Los Angeles, CA - Image 111645 W 48th Street Los Angeles, CA - Image 121645 W 48th Street Los Angeles, CA - Image 131645 W 48th Street Los Angeles, CA - Image 141645 W 48th Street Los Angeles, CA - Image 151645 W 48th Street Los Angeles, CA - Image 161645 W 48th Street Los Angeles, CA - Image 171645 W 48th Street Los Angeles, CA - Image 181645 W 48th Street Los Angeles, CA - Image 191645 W 48th Street Los Angeles, CA - Image 201645 W 48th Street Los Angeles, CA - Image 21
Presented By: Benjamin Lee with Lyon Stahl Investment Real Estate, Inc.;
  • MLS# 26685067
  • 04/06/2026
  • Get pre-approved
  • Request Tour
  • Request Info
  • Beds • 10
  • Baths • 13
  • SQFT • 10,990

Home Details

We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-month commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA submarket. A majority of units have been updated with stainless steel appliances, wood-style flooring, and refreshed bathrooms, reducing near-term CapEx on a portion of the portfolio while presenting clear value-add opportunity on the remaining units.1645 W 48th Street may also qualify for accelerated depreciation benefits under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize available tax advantages. A rare combination of immediate yield, irreplaceable corner positioning, and significant upside to market rents, 1645 W 48th Street delivers durable cash flow today with meaningful long-term appreciation potential.
Presented By: Benjamin Lee with Lyon Stahl Investment Real Estate, Inc.;

Interior Features for 1645 W 48th Street

Bedrooms

Total Bedrooms10

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths13

Other Interior Features

Air Conditioning Y/NNo
Fireplace FeaturesBath, Kitchen, Living Room
Fireplace Y/NYes
Heating Y/NYes
Total Stories2

General for 1645 W 48th Street

AppliancesDisposal, Microwave, Refrigerator
Cap Rate6.72
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsLocated on the northeast corner of W 48th St and Western Ave
Full Baths
Gross Income247468
HOANo
HeatingNatural Gas
LevelsTwo, Multi/Split
Living Area10990
Lot Size Square Feet5851
Lot Size UnitsSquare Feet
MLS AreaC34 - Los Angeles Southwest
Net Operating Income137849
New ConstructionNo
Number Of Units Total13
PostalCityLOS ANGELES
Property TypeResidential Income
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories Count2
Year Built1912
ZoningLAC2

Exterior for 1645 W 48th Street

Building Area Total10990
Lot Size Acres0.1343
Lot Size Area5851
Number of Buildings1
Parking FeaturesNone
Total Parking0

Additional Details

Price History

Schools

High School Hubert H Humphrey Middle School
Middle School N/A
Elementary School Big Hollow Elementary School

Connect Realty

Price $2,050,000
MLS#26685067
List Date 04/06/2026
Property Type Multi-Family
Phone 888.795.6274
Get pre-approved
Request Tour
Request Info
Visit My Website

Similar Properties to 1645 W 48th Street

Contact Us

info@connectrealty.com
2170 Buckthorne PL. #100
The Woodlands, TX 77380
866-938-0924
  • This field is for validation purposes and should be left unchanged.