536 W 48th St, Los Angeles, CA 90037
536 W 48th St, Los Angeles, CA 90037
536 W 48th St, Los Angeles, CA 90037
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
John Matukas

John Matukas

+1(323) 377-4961
$1,550,000
Est. payment /mo
10 Beds
10 Baths
4,592 SqFt
Save

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,592 sqft

Price per Sqft $337

MLS Listing ID 26938421

Style Bungalow

Bedrooms 10

Construction Status Updated/Remodeled

Year Built 1925

Lot Size 6,796 Sqft

Acres 0.156

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LARD1.5

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling Wall/Window

Equipment Refrigerator, Range/Oven

Exterior

Parking Features None

Building

Lot Description Fenced Yard, Fenced, Exterior Security Lights, Lot Shape-Rectangular, Front Yard, Single Lot

Story 2

Architectural Style Bungalow

Level or Stories Multi/Split

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

Read Less Info
TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Equity Union

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

John Matukas

John Matukas

+1(323) 377-4961

Dedicated to Your outcome

Dedicated to Your outcome

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from EXP Realty of California, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.