1321 E 48th St Los Angeles, CA 90011
Central Alameda Neighborhood
5
Beds
4
Baths
2,292
Sq Ft
4,989
Sq Ft Lot
Highlights
- Park
- Bike Trail
- 1-Story Property
About This Home
As of February 20254-Unit Turnkey property to be delivered FULLY VACANT by close of escrow.
Updated electrical and new
copper plumbing. The building features one 2-
bed/1-bath unit and three 1-bed/1-bath units, with
all 4 units delivered vacant, offering a prime
opportunity for an investor or owner-occupier.
4 uncovered parking spaces in the rear can be
converted to two stacked ADUs. With this addition,
the cap rate jumps from an already attractive
8.26% to an impressive 13.31%, offering substantial
returns.
For investors, this is a cash cow with the ability to
stabilize and generate significant cash flow. For
owner-users, it’s a perfect opportunity to occupy
one unit, have two units cover your mortgage, and
enjoy pure profit from the fourth unit. Don’t miss this
rare chance to maximize value in a sought-after
area!
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 01/07/2025
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02035763
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,532
Year Built
- Built in 1922
Lot Details
- 4,989 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Home Design
- Quadruplex
Interior Spaces
- 2,292 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Parking
- 4 Open Parking Spaces
- 4 Parking Spaces
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Legal Lot and Block 19 / D
- Tax Tract Number 1234
- Assessor Parcel Number 5107014021
- $421 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 4 Units
Recreation
- Park
- Dog Park
- Bike Trail
Building Details
- Rent Control
- 4 Separate Electric Meters
- 4 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $120
- Insurance Expense $2,865
- Maintenance Expense $2,400
- Water Sewer Expense $3,600
- New Taxes Expense $12,438
- Operating Expense $22,743
- Gross Income $110,400
- Net Operating Income $82,138
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 7, 2025
Closed on
Feb 14, 2025
Sold by
Aog Equities Llc
Bought by
Singhal Saurabh and Sehgal Ritika
Seller's Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
NoEmail NoEmail
NONMEMBER MRML
List Price
$995,000
Sold Price
$995,000
Views
21
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$12,043
Avg. Annual Appreciation
-2.51%
Original Mortgage
$746,250
Outstanding Balance
$743,180
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$239,777
Purchase Details
Closed on
Sep 21, 2024
Sold by
Gaston Trust and Gaston Cassandra
Bought by
Aog Equities Llc
Similar Homes in the area
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $995,000 | California Best Title | |
| Grant Deed | $725,000 | California Best Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $746,250 | New Conventional |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 02/26/2025 02/26/25 | Sold | $995,000 | 0.0% | $434 / Sq Ft |
| 01/07/2025 01/07/25 | For Sale | $995,000 | -- | $434 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,532 | $940,000 | $597,000 | $343,000 |
| 2024 | $9,532 | $759,492 | $520,200 | $239,292 |
| 2023 | $9,351 | $744,600 | $510,000 | $234,600 |
| 2022 | $1,053 | $54,805 | $16,299 | $38,506 |
| 2021 | $1,028 | $53,731 | $15,980 | $37,751 |
| 2020 | $1,031 | $53,181 | $15,817 | $37,364 |
| 2019 | $1,005 | $52,139 | $15,507 | $36,632 |
| 2018 | $934 | $51,117 | $15,203 | $35,914 |
| 2016 | $871 | $49,133 | $14,613 | $34,520 |
| 2015 | $862 | $48,396 | $14,394 | $34,002 |
| 2014 | $893 | $47,449 | $14,113 | $33,336 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2025
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559
1 in this area
31 Total Sales
-
Seller Co-Listing Agent in 2025
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
1 in this area
182 Total Sales
-
N
Buyer's Agent in 2025
NoEmail NoEmail
NONMEMBER MRML
(646) 541-2551
2 in this area
5,797 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25003293
APN: 5107-014-021
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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