136 W 48th Street, Los Angeles, California 90037, Los Angeles, 90037 - bed, bath

136 W 48th Street, Los Angeles, California 90037 home-pic-0
ACTIVE$1,850,000
136 W 48th Street, Los Angeles, California 90037
0Bed
0Bath
4,150Sqft
4,752Lot
Year Built
2024
Close
-
List price
$1.85M
Original List price
$1.85M
Price/Sqft
$446
HOA
-
Days on market
-
Sold On
-
MLS number
OC24192351
Home ConditionExcellent
Features
Good View:
View-

About this home

We found 2 Cons,3 Pros. Rank: price - $1.85M(96th), sqft - 4150(91th), beds - undefined(50th), baths - undefined(50th).

Very desirable income producing triplex (townhome style units). The triplex consists of (3) 3-Bedroom / 3-Bathroom units. Unit 136 is 1406sf, Unit 138 is 1466sf and unit 138 1/2 is 1285sf. There is a master ensuite unit with walk-in closet, freestanding tubs and balcony in each unit. 6 of the 9 Bedrooms have their own balcony. Views of Downtown in the front unit. The property has (1) two-car side by side garage (rented by one of the tenants) and two single parking spaces located in the rear of the property. Each unit includes separate entrances, high efficient tankless water heaters, dual pane vinyl windows, quartz countertops, wood shaker cabinets, waterproof laminate flooring throughout, Berber carpet on the stairs, mirrored closet doors, frameless shower doors, Mitsubishi multizone mini-split celling mounted AC/Heat units throughout (individually controlled per room) and rooftop solar for each unit. The property has artificial lawn to minimize maintenance and water usage. This is new construction, no rent control! Each unit is newly rented. This is a stabilized asset. Agents bring your investors!

Price History

Date
Event
Price
03/22/21
Sold
$368,000
11/21/02
Sold
$199,000
05/24/02
Sold
$85,500
Condition Rating
Excellent

The property is newly built in 2024 with modern features such as quartz countertops, wood shaker cabinets, waterproof laminate flooring, frameless shower doors, and Mitsubishi mini-split AC/Heat units. The kitchens and bathrooms are new and meet current quality standards.
Pros & Cons

Pros

Income Potential: The property is a newly constructed triplex with each unit already rented, providing immediate and stabilized income.
Modern Amenities: Each unit features modern amenities such as tankless water heaters, dual pane windows, quartz countertops, mini-split AC/Heat units, and rooftop solar panels, increasing tenant appeal.
New Construction (No Rent Control): Being new construction, the property is not subject to rent control, offering greater flexibility in setting rental rates.

Cons

Limited Parking: The property has limited parking with only one two-car garage and two single parking spaces for three units, potentially impacting tenant satisfaction.
Lot Size: The lot size is relatively small, which may limit future expansion or outdoor amenity options.

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