1435 E 48th Place
Los Angeles, CA 90011

This property has the highest current income return rate of any property that I have seen on the market or off market in Los Angeles County. Three Unit Residential Income Property 7.2% Cap.. Great Investment & also for 1031-Exchange. Great Cash Flow. $10,400 gross monthly rents received currently. Originally was a duplex 2304 sq.ft. total. Front unit is a single story home originally built 1906. Back building originally built in 2001 is two stories with two units. Sellers converted the 4 car garage in the lower back building to an appr. 730 sq.ft. 3 bedroom/2 bathroom brand new ADU permitted unit. Two separate buildings. Front building is a 3 bedroom/2 bath home receiving $3650 rent per month. Back building upper townhouse unit was built in 2001. It's a 4 bedroom/3 bathroom unit receiving $3850 rent per month. The ADU unit rent is $2900 per month. Owner has done renovations to existing units as well. Property will be delivered with tenants in place. Prime Location! Located on a residential tree lined street and less than 7 min. away from the new shopping center on Slauson Ave. and walking distance to the metro, public transportation. Central Alameda Neighborhood.