We are pleased to present 1645 W 48th Street, a high-yield mixed-use opportunity in South Los Angeles featuring 10 apartment units and 3 ground-floor retail spaces on a signalized hard corner at 48th Street and Vernon Avenue. The property benefits from over 28,000 vehicles per day on Western Avenue, Metro Local bus stops at both cross streets, and convenient access to major employment hubs throughout the region.All three retail units are fully leased to faith-based tenants, among the most reliable commercial tenants in the market. Faith-based organizations historically demonstrate low turnover, consistent payment, and deep community ties that anchor them to a location long term, adding durability and predictability to the income stream that compares favorably to the vacant or month-to-month commercial exposure found in competing listings. Offered at a 6.72% CAP rate and 7.87 GRM on current income, the asking price of $186 per square foot represents a basis that is difficult to find on a cash-flowing mixed-use asset anywhere in Los Angeles today. Current rents reflect a solid in-place foundation with meaningful room to grow as leases turn over. The residential component consists of six one-bedroom and four two-bedroom units appealing to a broad renter base across the South LA submarket. A majority of units have been updated with stainless steel appliances, wood-style flooring, and refreshed bathrooms, reducing near-term CapEx on a portion of the portfolio while presenting clear value-add opportunity on the remaining units.1645 W 48th Street may also qualify for accelerated depreciation benefits under the One Big Beautiful Bill Act, creating meaningful tax shelter opportunities in the early years of ownership. Investors are encouraged to request a cost segregation feasibility study to maximize available tax advantages. A rare combination of immediate yield, irreplaceable corner positioning, and significant upside to market rents, 1645 W 48th Street delivers durable cash flow today with meaningful long-term appreciation potential.
Listed by Benjamin Lee
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License #02123715
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Lyon Stahl Investment Real Estate, Inc.
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347-579-3071
Listed by Chi Zhang
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License #02086778
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Lyon Stahl Investment Real Estate, Inc.
Last updated April 14, 2026
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Source: CRMLS #26685067
Listing Facts
TypeMulti-family
NeighborhoodVermont Square
Bedrooms10
Days on Prevu26
Size10,990 sqft
Price per sqft$187
Location
Mortgage Calculator
Listing History
04/06/2026
Listed by Lyon Stahl Investment Real Estate, Inc.
$2,050,000
Property Details for 1645 W 48th Street
Exterior
Construction
Number Of Units Total: 13
Stories: 2
Stories Total: 2
Year Built: 1912
Measurements
Building Area Total: 10,990
Lot Size Acres: 0.13
Lot Size Area: 5,851
Lot Size Square Feet: 5,851
Lot Size Units: Square Feet
Financial
Residential Income
Cap Rate: 6.72
Gross Income: $247,468.00
Taxes
Parcel Number: 5016017006
Interior
Features
Appliances: Disposal, Microwave, Refrigerator
Fireplace Features: Bath, Kitchen, Living Room
Fireplace: Yes
Measurements
Living Area: 10,990
Rooms
Bathrooms Total Integer: 13
Bedrooms Total: 10
Utilities
Equipment
Heating: Natural Gas
Has Heating: Yes
Frequently Asked Questions
How many bedrooms does this multi-family home have?
There are 10 bedrooms in this multi-family home at 1645 W 48th Street.
How does 1645 W 48th Street compare to other multi-family homes in Vermont Square?
This multi-family home is listed 80% above the average price for multi-family homes in Vermont Square and has been on the market for 86 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 10,990 sqft.
1645 W 48th Street is a 10-bedroom multi-family home for sale in Los Angeles CA 90062. Listed on Prevu for 26 days at $2,050,000. This residence features 10,990 square feet of living space, located in Vermont Square. The median listing price for multi-family homes in this area is $839,750. View other multi-family home listings in Los Angeles.
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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.