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  • 1645 W 48Th Street

1645 W 48th Street, Los Angeles, CA 90062

$1,975,000 Approx. USD 10 beds, 13 baths
10,990 sqft

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128
888-995-7575
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Listing Agent


Benjamin Lee | Ben@TheBenLeeGroup.com
Lic#: 02123715
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 347-579-3071

Co Listing Agent


Chi Zhang | toby.zhang@lyonstahl.com
Lic#: 02086778
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.
Phone: 310-647-3456

Agent Remarks

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.

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26685067
List price is $1,975,000 Reduced by $75,000 on 5/19/2026
Price: $1,975,000
Beds: 10
Baths: 13
Bath,Kitchen,Living Room fireplaces
Built in 1912
10,990 sqft
2 stories
0.13 acres
Lot size: 0.1343
County: Los Angeles
Zoning: LAC2
Appliances: Disposal,Microwave,Refrigerator
Parking description: None
Heating/cooling: None
Heating description: Natural Gas
MLS area: C34 - Los Angeles Southwest

Last Updated: 5/19/2026

 Days On Market (DOM): 76

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This listing belongs to the C34 - Los Angeles Southwest MLS area

Lat/Long: 34.000249, -118.308573.
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Source: CRM. Also Available in 26684907,

DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
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