714-745-2708

536 W 48th Street, Los Angeles, CA 90037

$1,550,000 Approx. USD 10 beds, 10 baths
4,592 sqft

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Marketed By The Keaty Team

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Marketed By The Keaty Team REALTOR® - Sales Associate 714-608-3298 m
714-745-2708 o
Lic#: 01276603
NRDS ID: 187514104
thekeatyteam@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Listing Agent

Joshua Yeager | JoshYeager@EUCommerical.com
Lic#: 01979446
Broker: Courtesy of Equity Union
Phone: 818-741-8010

Agent Remarks

Equity Union Commercial is pleased to present an Exceptional 10-Unit Value-Add Opportunity in South Los Angeles boasting a 6.6% Cap Rate with significant rental upside potential. Located at 536 W. 48th Street, this charming 1925 Spanish-style courtyard apartment community consists of 10 units (8 one-bedroom/one-bath units and 2 studio units). The property has undergone significant improvements, including a new roof, copper plumbing throughout, fresh exterior paint, and renovations to 7 of the 10 units. Tenants benefit from separately metered gas and electricity, while city-provided trash service helps minimize operating expenses. Investors will appreciate the strong in-place cash flow combined with substantial upside potential, as current rents are estimated to be approximately 22% below market. The property's layout features a gated courtyard setting with dual front and rear access for each unit, creating an attractive living environment for tenants. Ideally situated near USC, Exposition Park, BMO Stadium, the LA Memorial Coliseum, the California Science Center, major retail corridors, and convenient access to the 110 Freeway, the location offers a deep and stable renter pool. This is a rare opportunity to acquire a well-maintained multifamily asset with proven operational improvements, rental upside, and long-term growth potential in one of Los Angeles' most active rental markets.

Listing Details

Property type: (Multi-Family)

Status: Active

MLS# 26938421

Price: $1,550,000

Beds: 10

Baths: 10

Built in 1925

4,592 sqft

0.16 acres

Lot size: 0.1560

County: Los Angeles

Property style: Bungalow

Zoning: LARD1.5

Appliances: Refrigerator

Parking description: None

Lot description: Front Yard,Rectangular Lot

Heating/cooling: Wall/Window Unit(s)

Heating description: Natural Gas

MLS area: C42 - Downtown L.A.

Last Updated: 9/9/2026

Days On Market (DOM): 34

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This listing belongs to the C42 - Downtown L.A. MLS area

The style of this listing is Bungalow.
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Lat/Long: 33.999394, -118.284072.
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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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