1952 W 48th Street
Los Angeles, CA 90062

STUNNING FOUR-PLEX IN "OPPORTUNITY ZONE" FULLY REMODELED AND DELIVERED VACANT; making $17,000 in gross mo. short term income; gorgeous complex w/4 garage; easily investment or owner-occupying property. 1952 W 48THStreet is a 3 story building consisting of two 2 bed/2 bath units & two 3 bed/3 bath units. First floor living: Unit # 1 and #2 are 2 Bedrooms & 2 Bathrooms plus Living Room & Kitchen in 1,110 SF each. Second floor living: Unit #3 and #4 are 3 bedrooms & 3 Bathrooms ,Living Room & Kitchen 2 story units with finished attic in 1,886 Square feet of living space w/views of the surrounding community; Open floor plan with lots of natural light, hardwood floors, contemporary solid surfaces in kitchens and baths, exterior decks and more. Separately metered gas and electricity, newer roof, painted and ready for move-in. Updated plumbing, electrical, new electrical panels, windows, flooring, paint, and heating and cooling and laundry in each unit and more. Units are TOWNHOME-style w/2 interior floors. Basic floorplan for 3 bedroom residences: main floor primary bedroom w/ensuite bath, lower level 2nd bedroom & bath, kitchen w/ample counterspace & newer appliances, dining room & bonus room; 2nd level has an open loft w/an enclosed 3rd bedroom, a living room/entertainment area, an additional seating area plus office space. Artfully design using 100 year old wood accent walls & kitchen bar tops made of recycled materials during renovation. Keyless entry system; 14 camera system with a DVR system for recording. The subject was built in 1916, garages added in 1929 and recently extensively remodeled and updated within the past 7 years to include new plumbing,electrical, windows, interior & exterior doors, kitchens, bathrooms, interior walls, HVAC, roof, interior & exterior painting, all required retrofitting & foundation stabilization, the attics on 2 units have been fully finished to code, thus increasing the size of the builidng & the size of the units. Assessor's information has been updated to reflect the full building square footage with 10 bedrooms and 10 bathrooms. The property will be delivered fully vacant and can be delivered fully furnished for a true turn-key investment. Rents are based on approximately short term rental monthly rates. Community amenities include: metro line, new soccer & football stadiums, easy access to public transportation and approximately a 10 min drive to the nearby train stations where there is a free park and ride facilitating visting many Los Angeles hot spots like Hollywood, Universal Studios, Downtown LA and Santa Monica Pier. This property is perfect for an owner-user or investor looking to capitalize on the rental market in Los Angeles.